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.
17:59, 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.
13:34, 2020/05/11
Vietnam’s economic recovery predicted much faster than regional peers
Vietnam would be among a handful of nations maintaining positive economic growth this year, according to a World Bank expert.
08:27, 2020/05/10
Effective anti-Covid-19 measures build up foreign business confidence in Vietnam
Vietnam is currently a front-runner in the Covid-19 fight, said Nicolas Audier, chairman of the European Chamber of Commerce in Vietnam (EuroCham).
14:44, 2020/05/07
Vietnam is well-positioned for firm economic rebound: Fitch
Fitch could revise the outlook on Vietnam’s banking sector and ratings back to stable from negative.
17:11, 2020/05/06
Low business performance may prompt Vietnam c.bank to further cut policy rates
The central bank had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March.
11:58, 2020/05/05
Vietnam to achieve economic growth higher than IMF’s 2.7% forecast: PM
As Vietnam has progressively contained the Covid-19 pandemic, the priority now should be to boost business and production activities, said Prime Minister Nguyen Xuan Phuc.
14:13, 2020/05/01
Vietnam records over US$800-million fiscal surplus in 4-month period
As of April 15, budget revenue collection reached VND427.2 trillion (US$18.35 billion), equivalent to 28.2% of the year's estimate.
10:01, 2020/05/01
Vietnamese currency predicted to continue weakening: Fitch
Any currency weakness is likely to be mild so as to avoid possible sanctions from the US given Vietnam's inclusion in the US Treasury’s currency manipulator watch list.
12:57, 2020/04/29
Vietnam’s consumer prices record 5-year low in April
The consumer prices, however, increased 4.9% year-on-year in the January- April period, the highest four-month growth rate during the 2016 – 2020 period.
22:29, 2020/04/28
Tax evasion causes annual losses of US$900 million to Vietnam’s tax revenue
Multinational companies have more favorable conditions in exercising tax avoidance, and to a larger extend, tax evasion, compared to their peers in the state and private sectors.
08:59, 2020/04/25
Global oil crash exerts little impact on Vietnam’s budget revenue
In this year's state budget plan, revenue from crude oil is predicted at VND35.2 trillion (US$1.5 billion), accounting for 2.3% of the total.