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.
14:21, 2020/06/16
Vietnam gov’t plans stronger measures to support businesses post Covid-19
While a number of supporting policies are in place, the effectiveness of some programs is not up to expectation, said Minister of Planning and Investment Nguyen Chi Dung.
07:45, 2020/06/13
Domestic tourism helps air traffic in Hanoi jump strongest in Southeast Asia
People’s mobility, on average, is almost back to normal in Vietnam.
16:27, 2020/06/12
Vietnam state budget revenue fall 9% in Jan-May on Covid-19
So far, total amount of deferrals of tax payment and land rental fees under the government’s support programs stood at VND37 trillion (US$1.58 billion) as of May.
12:55, 2020/06/11
Vietnam gov’t proposes 30% cut in corporate tax post Covid-19
The tax cut would benefit businesses with revenue in 2020 of less than VND50 billion (US$2.16 million) and a workforce not exceeding 100 employees.
11:00, 2020/06/11
Similarities between Cristiano Ronaldo and Vietnam
Vietnam could achieve its ambition of becoming a high-income country in 2045 by adapting its development strategy toward higher efficiency, just like Cristiano Ronaldo did with his game at the age of 35.
11:11, 2020/06/10
Stronger government support needed for Covid-19-hit businesses: Expert
It would be more efficient if the government could waive and delay tax payments for one to three years, said a senior local economist.
10:51, 2020/06/09
Tax relief stimulus may inflate Vietnam's fiscal deficit in 2020: Fitch
Fitch Solutions’ deficit forecast is wider than the Ministry of Finance’s 5.0-5.1% deficit estimate.
18:57, 2020/06/08
Vietnam benchmark VN-Index outperforms major markets in May
The VN-Index's rally stemmed from strong participation of domestic investors and lower selling pressure from foreign players.
15:15, 2020/06/05
Vietnam tax revenue down 2.4% in Jan-May
Tax revenue in May suffered a sharp plunge of 36.9% year-on-year to VND58 trillion (US$2.52 billion).
17:33, 2020/06/04
Vietnam to raise taxable personal income threshold from July
The threshold would now be raised from VND9 million (US$389) per month to VND11 million (US$475).
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.