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.
12:21, 2020/04/23
Vietnam again named among top 10 remittance recipients in 2019
In the East Asia and Pacific region, Vietnam ranked third after China and the Philippines.
09:30, 2020/04/23
Fitch Solutions revises down Vietnam credit growth forecast to 8% in 2020
On top of weak economic activity and low credit demand, the Covid-19 crisis macroprudential measures announced by the central bank will weigh heavily on banking sector profits for 2020.
13:13, 2020/04/22
Best economic stimulus is to loosen business shutdown: VCCI
As Vietnam is among a handful of countries that are effectively containing the pandemic, it has a golden chance to step out of the economic deceleration much sooner than other economies.
21:14, 2020/04/21
Vietnam is confident about keeping inflation under 4%: PM
The government is determined to maintain fast economic growth and stabilize market prices at the same time, said Prime Minister Nguyen Xuan Phuc.
14:47, 2020/04/18
Vietnam maintains fiscal surplus of US$2 billion in Q1 amid Covid-19
During the first quarter, budget revenue collection reached VND391 trillion (US$16.75 billion), equivalent to 25.9% of the year's plan and up 1.8% year-on-year.
14:21, 2020/04/17
Fitch lowers rating outlooks of Vietnamese banks on Covid-19
These actions stem from the sharply lower - albeit positive - growth that Vietnam faces from the Covid-19 pandemic.
14:12, 2020/04/17
Economic institutions’ net withdrawal from banks doubles to US$8.2 billion in Jan-Feb
During the two-month period, deposits from economic institutions in Vietnam’s banking system declined 4.84% against the end of 2019 to VND3,770 trillion (US$161.08 billion).
18:25, 2020/04/15
Covid-19 to benefit Vietnam’s long-term economic prospects: VinaCapital
VinaCapital estimated Vietnam’s GDP growth would decline by three percentage points this year to 4% from 7.02% in 2019.
13:05, 2020/04/15
Vietnam gov't to look into Mobile Money project this month
The banking authority has worked with relevant ministries and branches in launching direct carrier billing service.
16:16, 2020/04/14
Vietnam stock index turns world’s best performer after slump in March: Bloomberg
The gauge, which has been in a bear market since 2018, is trading at about 11 times estimated earnings for the next year, less than the five-year average of 14 times.
16:44, 2020/04/13
Vietnam's 10-year low GDP growth in Q1 is not the worst yet: Think tank
Vietnam’s informal sector, accounting for an estimated 25 – 30% of GDP, is among the groups hardest hit by the pandemic, but not included in GDP calculation.
14:46, 2020/04/11
Vietnam's record high forex reserves help ensure economic stability: SBV governor
Vietnam central bank is ready to intervene in the foreign exchange market in case of necessity.
18:36, 2020/04/10
Strong measures required to avoid economic collapse: Vietnam PM
In addition to stimulus packages, the government is scheduled to issue a comprehensive resolution detailing drastic measures to help spur economic growth.
23:25, 2020/04/09
Vietnam gov’t expands credit aid package to US$12.73 billion
Enterprises should be provided with sufficient credit and utmost support to stay float, said Prime Minister Nguyen Xuan Phuc.
22:43, 2020/04/09
Vietnam's Fitch “BB” rating reflects credit strengths remain intact: Finance ministry
The rating showcases the strong medium-term macroeconomic outlook, contained government debt burden as well as favorable external finances compared to peer countries.
15:10, 2020/04/09
Vietnam rolls out fiscal relief package
The relief package is estimated at VND180 trillion (US$7.63 billion).
06:21, 2020/04/09
Fitch revises Vietnam outlook to Stable from Positive on Covid-19
Fitch also lowered Vietnam's GDP growth projections to 3.3% in 2020 from 7.0% in 2019, on account of the pandemic.
18:40, 2020/04/07
Moody's places five Vietnamese financial institutions on review for downgrade
An upgrade is unlikely, given the review for downgrade.
18:02, 2020/04/07
98% enterprises in Vietnam to benefit from fiscal stimulus package
The package, which is specified in a draft decree, is set to become effective immediately upon the approval of Prime Minister Nguyen Xuan Phuc.
15:34, 2020/04/04
Vietnam Fin Min expands fiscal stimulus package to US$7.64 billion
As impacts of the Covid-19 pandemic are growing, the figure represents a six-fold increase from the initial proposal of VND30 trillion (US$1.27 billion).