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.
16:27, 2020/10/07
Consumers in Hanoi use more multiple e-wallets than in other locations: Survey
Half of the surveyed people in Hanoi use single e-wallet like those in Ho Chi Minh City do.
11:20, 2020/10/07
Vietnam honors 30 largest taxpayers
The average tax contribution from 30 enterprises in the list is estimated at VND3 – 6 trillion (US$130 – 260 million) per year in the 2015 – 2019 period.
10:02, 2020/10/06
Vietnam inflationary pressures predicted to remain weak in 2020 – 2021
Vietnam’s inflation is set to remain below the government’s 4% threshold for most of the year with its average forecast at 3.5%. This should see the central bank keep lending conditions accommodative into 2021.
23:01, 2020/10/05
Vietnam credit growth could reach 9% by year-end: C.bank
By the end of August, the credit growth was estimated at only 4.75%, but rose to 6.1% one month later, indicating improvements in enterprises’ access to credit.
22:32, 2020/10/05
Vietnam c.bank’s latest policy rate cut to have limited impacts on economy
The decrease in short-term deposit rates at commercial banks was mainly driven by the excess liquidity when credit growth was slow at only 5.12% year-on-year as of September 22.
10:53, 2020/10/05
US initiates probe on Vietnam's alleged currency valuation
The detail of the investigation is scheduled to be made public this week.
16:35, 2020/10/03
ASEAN committed to deepening financial cooperation amid Covid-19 pandemic
ASEAN affirmed its priorities in maintaining the movements of goods and services, and cooperation is the key to help the bloc overcome the pandemic.
00:23, 2020/10/02
Banking post Covid: five things that will and won’t change
Covid has made us focus as a society collectively on a range of ways of new solutions to familiar problems in order to help live our lives during a pandemic.
11:19, 2020/10/01
Vietnam c.bank cuts policy rates, the fourth time in 2020
The interest rate cap for deposits with maturities of one month to less than six months has been lowered to 4% annually from 4.25%.
16:40, 2020/09/29
Vietnam September inflation slows to 5-year low at 0.12%
Core inflation comes at 2.59% year-on-year in the first nine months of 2020.
14:45, 2020/09/28
Vietnam PM enacts 30% cut in 2020 corporate income tax
Under the decree, enterprises’ revenue would be the main criteria to assess whether they are qualified for such a tax reduction.
14:49, 2020/09/26
Vietnam stock market projected to get status upgrade in 2021
A possible delay in the Vietnamese stock market’s status upgrade until next year will result in the country losing a significant catalyst to reverse the trend of foreign selling.
16:31, 2020/09/25
Vietnam bond market contracts 1.7% to US$58.2 billion in H1: ADB
This is mainly due to lower outstanding debt in the government sector, even though the corporate bond stock increased.
12:52, 2020/09/23
Cryptocurrency is not a legal payment method in Vietnam: C.bank
Holding, sale and use of cryptocurrencies as an asset pose numerous risks and are not protected by law, stated a central bank official.
15:48, 2020/09/22
Weak credit demand leads to credit growth at only 4.81% in Jan-Sept
The growth rate is far away from the credit growth target of 14% set by the government for this year.
13:37, 2020/09/12
Strong liquidity in Vietnam stock markets boosts stock exchanges revenue
The average liquidity for a trading session in the first half of 2020 rose 24% year-on-year to VND5.8 trillion (US$250 million).
10:20, 2020/09/10
Large growth potential for Vietnam banking services in long-term
Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic.
12:56, 2020/09/09
Vietnam c.bank to finalize legal framework for fintech, digital banking
The government is responsible for not only promoting innovation in the banking sector, but also maintaining stability and safety of the financial market.
11:10, 2020/09/09
Vietnam benchmark Vn-Index expected to surpass June’s peak to 920 in Sept
The recent uptick of the market, however, is not sustainable, when the margin outstanding may have increased sharply along with the rise.
17:27, 2020/09/08
Vietnam 2020 government debt to stay in line with current sovereign rating: Fitch
Fitch Rating is still maintaining its growth forecast for Vietnam at 2.8% in 2020 and 7.5% in 2021, despite the Covid-19 resurgence in late July.