Regional, international financial centers mean boosters to Vietnamese economy: Deputy PM
Ho Chi Minh City envisions its financial center encompassing the money market, banking system, capital market, and derivatives market.
21:44, 2024/11/11
Vietnam's credit growth up 10% in 10 months
Vietnam’s central bank has set a credit growth target of around 15% this year.
17:37, 2024/08/06
Vietnam, Singapore strengthen partnership in stock exchange operations
The two sides will focus on cooperation in digital transformation, cybersecurity, tax management, and market operations.
22:07, 2024/07/10
Taxes revenue from online shopping in Vietnam nearly triple in H1
Vietnam has 3.1 million business households and individuals, many of whom sell goods and services online without registering, declaring, or paying taxes.
14:50, 2020/06/04
Vietnamese shoppers prefer cashless payments
Transactions via mobile devices recorded a year-on-year surge of 198% in volume and 210% in value last year.
08:26, 2020/06/04
Long road for Vietnam towards complete economic recovery: World Bank
Greater attention should be on the potential impact of the rapid monetary expansion on inflation and the deepening of the fiscal deficit caused by under-performing tax collection.
18:45, 2020/06/02
Vietnam seeks Japan’s US$500-million loan to address Covid-19 impacts
Japan has been a major donor of official development assistance (ODA) to Vietnam, estimated at US$24 billion, or 26.4% of total borrowings of the Vietnamese government.
14:21, 2020/06/01
Vietnam gov't greenlights Mobile Money
The regulation on mobile payment will not allow users to recharge from scratch cards but they must conduct deposits and withdrawals from the registered bank account.
07:49, 2020/06/01
Vietnam’s consumer prices declines 0.03% m/m in May
The consumer prices, however, increased 4.39% year-on-year in the January- May period, the highest five-month growth rate over the last three years.
14:56, 2020/05/30
Vietnam records fiscal deficit of over US$330 million in Jan-May
As of May 15, budget revenue collection reached VND529.6 trillion (US$22.7 billion), equivalent to 35% of the year's estimate.
14:49, 2020/05/30
Vietnam gov’t waives taxes to boost economic recovery
More efforts are being made to speed up the economic recovery process while many countries are struggling with the Covid-19 pandemic.
19:16, 2020/05/28
Trade war, Covid-19 make Vietnam even more attractive to foreign investors: HSBC
Emerging economies are chasing companies to get more FDI, but companies are chasing Vietnam to move there, said HSBC.
14:30, 2020/05/27
Vietnam gov't pushes for wider use of cashless payment
Cash has constituted 11.3% of total means of payment as of December 31, 2019.
17:43, 2020/05/25
S.Korea Kookmin injects US$100 million in Vietnam branches
Kookmin Bank’s decision to raise its branches’ registered capital in just a short period of time indicates the bank is optimistic about business prospects in Vietnam.
17:59, 2020/05/22
S&P maintains Vietnam’s sovereign rating at BB with stable outlook
The stable outlook reflects S&P’s expectation that Vietnam's economy will continue to expand rapidly.
15:33, 2020/05/20
Vietnam needs to get ready for capital flight from China: PM
The Vietnamese government is committed to preparing all necessary conditions to meet demands of multinationals, stressed Prime Minister Nguyen Xuan Phuc.
11:16, 2020/05/19
Vietnam raises monthly taxable personal income threshold by 22%
With the new threshold in place, set to take effect from January 1, 2020 retrospectively, there would be more than 1 million people whose incomes are not taxable.
07:56, 2020/05/19
Vietnam budget transparency score in 2019 significantly improved: OBS 2019
Overall, Vietnam is ranked 77 out of 117 countries and territories, up 14 places against 2017.
15:32, 2020/05/18
Vietnam in strong position to defend against external shocks: HSBC
With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.
14:26, 2020/05/14
More monetary easing measures still to come in Vietnam: Fitch
Fitch expected the central bank to further cut the benchmark rates, which would take the refinancing rate to 4.0% and the discount rate to 2.5%.
16:10, 2020/05/13
Vietnam’s solid macro-economic base enables c.bank to further cut policy rates
Lower policy rates would enable commercial banks to cut interest rates in a more sustainable way, which in turn contribute significantly to economic recovery, said a central bank official.
02:00, 2020/05/13
Vietnam c.bank cuts policy rates again to buttress economic recovery
The cut is applied to the refinancing interest rate, discount interest rate, and overnight lending rate.
14:04, 2020/05/12
Mobile payments in Vietnam set to soar 400% in volume by 2025
One quarter of banks in Vietnam will actively pursue modern digital core platforms by 2025.
17:30, 2020/05/11
Vietnam spends over US$2.2 billion in state budget for Covid-19 fight so far
The finance ministry is seeking preferential loans from international organizations to relieve pressure of growing borrowings from domestic sources.