Vietnamese Gov’t forecasts CPI growth of up to 4.5% in 2025
With the goal of at least 8% GDP growth, the money supply in the economy will be significantly larger than in 2024. This will have an impact on price indices, particularly consumer prices.
15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
Credit institutions headquartered in these financial centers will not be bound by restrictions on to foreign ownership or foreign investment conditions when providing services there or across borders.
14:30, 2025/02/15
Hanoi expands cashless parking pilot program
Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.
16:58, 2025/02/11
Prime Minister urges banks to prioritize economic support over profits
One of the key priorities for the banking sector is to support small and medium-sized enterprises (SMEs), as they generate a large number of jobs and contribute significantly to the economy.
17:24, 2020/11/11
ASEAN urged to enhance cooperation to stay strong in Covid aftermath
The ASEAN way against the pandemic is an inspiration for the world to foster global cooperation and build a better world, stated the IMF managing director.
17:40, 2020/11/07
Vietnam benchmark VN-Index set to go sideways in November
The VN-Index edged up 2% month-on-month in October to finish at 925.47 and was among the best-performers in the world.
13:15, 2020/11/06
Vietnam targets fiscal deficit of 3.7% of GDP in next five years
By 2025, Vietnam’s public debt is projected at 47.5% of the revised GDP (which is 25.4% higher than current method of GDP’s calculation), or 60.4% of the level before being revised.
09:48, 2020/11/05
Vietnam four major state-owned banks can raise registered capital with gov't funding
Under the new regulation, state-owned commercial banks where the state holds more than 50% can now be able to raise their registered capital to maintain the government control.
17:03, 2020/10/31
79% Vietnamese consumers in favor of government’s initiative towards cashless society
Nearly 75% of Vietnamese consumers expect cashless payment to grow further in the next 12 months.
13:59, 2020/10/28
Vietnam’s listed non-financial firms post V-shaped recovery in Q3
Profits of 347 non-financial firms expanded by 7.4% year-on-year in the first nine months of 2020, equivalent to the rate recorded in the pre-Covid-19 period.
09:39, 2020/10/27
Fitch Solutions revises down Vietnam fiscal deficit to 3.6% of GDP
The economy is likely to stage a stronger recovery in Q4 this year, versus 2.6% y-o-y real GDP growth in Q3.
17:03, 2020/10/26
Vietnam PM dismisses deliberate devaluation of currency
A devaluation of the VND would have serious consequences on macro-economic stability, the trust of investors and the people, resulting in a big loss to the economy, Prime Minister Nguyen Xuan Phuc has said.
12:20, 2020/10/26
Vietnam to benefit most from upcoming review of MSCI Frontier Markets Index
Vietnam could see a weight increase of 13% in the Frontier Markets Index to become the most important market in this Index.
08:37, 2020/10/26
US DFC delegation to visit Indonesia, Vietnam, and Myanmar
While in the Indo-Pacific, the delegation will meet with business leaders and high-level government officials to explore investment opportunities
12:01, 2020/10/22
Foreign investors' perception key to help upgrade Vietnam stock market: Expert
It takes time for foreign investors to study the new regulations and change their perception to the Vietnam’s stock market, stated a senior official at the stock market watchdog.
15:40, 2020/10/21
Covid-19 pushes Vietnam fiscal deficit to nearly 6% of GDP
Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts.
10:58, 2020/10/20
Lack of credit culture poses risks to Vietnam bond market: ADB
A credible domestic rating agency is a critical missing jigsaw piece in the orderly development of a healthy sustainable bond market in Vietnam, stated the ADB.
12:32, 2020/10/16
Vietnam finance ministry pushes for speedier privatization of SOEs
Only seven state firms have completed their respective privatization process in the first nine months of 2020.
14:40, 2020/10/15
Vietnam spends over US$752 million on Covid-19 fight
The government has set aside VND12.57 trillion (US$542.2 million) to support 12.65 million people directly hit by the Covid-19 pandemic.
11:39, 2020/10/14
IMF trims Vietnam GDP growth forecast to 1.6% in 2020
The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021.
14:25, 2020/10/13
Stable outlook expected for Vietnamese dong
While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners.
09:46, 2020/10/13
Vietnam banking sector to suffer in 2020 before rebounding in 2021
Fitch Solutions expected credit growth to weaken to 7% in 2020 from 13.7% in 2019, but the growth is predicted to pick up to 12% one year later.
16:29, 2020/10/10
Effective gov’t support mitigates Covid-19 impacts on Vietnam financial industry
Incentives timely issued by the government and the central bank to support customers affected by Covid-19 has prevented the type of contagion that occurred during the global financial crisis in 2008.
08:02, 2020/10/08
Vietnam stock market predicted to go sideways after strong performance in Sept
The price to earnings (P/E) of the benchmark VN-Index is not quite cheap to attract new inflows as it is 15.1x (as of 30 September) versus 14.5x – 15x in the pre-Covid time.