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.
11:42, 2020/08/10
Vietnam gov’t spends nearly US$770 million to support efforts against Covid-19
As of July 20, the government delayed a payment worth VND47.6 trillion (US$2.04 billion) of land rental fees and taxes for enterprises, organizations and household businesses.
17:00, 2020/08/08
Vietnam stock market predicted to be resilient amid Covid-19 resurgence
The stock market still proves to be quite attractive in the context of redundant liquidity and other investment channels having not fully recovered.
11:58, 2020/08/07
Vietnam c.bank cuts policy rates for third time this year
Lower interest rates of deposit of required reserves and deposit of non-required reserves are expected to encourage commercial banks to inject more cash into the economy.
14:15, 2020/08/03
Vietnam gov't strives to ensure positive economic growth this year
Priorities would be to avoid any disruption to the economy and a negative growth scenario as Vietnam’s major economic partners face severe impacts from the pandemic.
12:02, 2020/07/30
Vietnam fiscal deficit widens to US$4.3 billion in 7 months on Covid-19
As of July 15, budget revenue collection reached VND697.5 trillion (US$30.17 billion), equivalent to 46.1% of the year's estimate.
16:45, 2020/07/29
Vietnam's cost of living rises 0.4% in July
Core inflation rose 2.74% year-on-year in the first seven months of 2020.
15:22, 2020/07/28
Vietnam credit system overcomes biggest test yet in Covid-19: PM
While the banking has to continue its efforts to deal with bad debts, credit institutions are required to support the economic recovery efficiently, said Prime Minister Nguyen Xuan Phuc.
11:57, 2020/07/28
Vietnam gold prices hit all-time high amid Covid-19 resurgence
In the long term, high gold prices could affect prices of other goods, weaken the Vietnamese dong and push inflation, said expert Nguyen Tri Hieu.
23:45, 2020/07/27
Vietnam finance ministry extends program to support stock market
The reducing and waiver of securities services fees would last until June 30, 2021.
17:17, 2020/07/27
Vietnam shares plunge 5.3% on Covid-19 resurgence; market cap falls US$10 billion
This marked the sharpest drop among stock markets globally during today’s trading session.
09:30, 2020/07/24
Moody's confirms ratings of five Vietnamese financial institutions
Moody's rating action concludes the review for downgrade initiated on April 7, 2020.
09:48, 2020/07/23
Vietnam’s 2020 growth seen at 3%: StanChart
Further monetary and fiscal support in the second half of this year could push growth closer to the government’s target of 4-5%.
08:07, 2020/07/22
Vietnam GDP growth set to hit 3.8% in 2020: VEPR
The development of a Covid-19 vaccine is necessary for the Vietnam's economy to return to its pre-Covid-19 status.
16:16, 2020/07/20
Vietnam stock market needs upgrading to emerging status soon: PM
Vietnam’s stock market has been the platform to help firms like Vietcombank, Vinamilk and Vingroup, expand to regional and global stages.
17:31, 2020/07/18
Covid-19 hurts income of 90% of Vietnamese laborers
Half of the number of laborers have their income reduced by at least 20%, with the majority being low-skilled workers.
20:25, 2020/07/16
Vietnam gov't urged to scale up support programs for businesses post Covid-19
While a number of supporting packages are in place, only a small proportion of enterprises have actually benefited from the policy.
13:49, 2020/07/16
Vietnamese dong expected to average stronger in 2020: Fitch
Vietnam’s central bank is expected to pursue a stronger dong, especially as this might weigh on the recovery of the country’s export-oriented manufacturing sector over the coming months.
12:50, 2020/07/15
Vietnam's foreign borrowings jump 1.6-fold to US$533 million in H1
The government is looking at loans and government bonds, among others, to meet growing demand of state expenditure.
17:19, 2020/07/10
Covid-19 impacts on Vietnam economy not fully reflected in 6-month data: CIEM
In the most optimistic scenario, Vietnam’s economy is predicted to expand 2.6% year-on-year, lower than the International Monetary Fund (IMF)'s forecast at 2.7%.
18:56, 2020/07/08
Vietnam provinces focus more on improving budget transparency
For this year, 24 out of 63 provinces/cities have fully disclosed information on their respective budgets, scoring 75 points and more, while in 2018, only six provinces did so.