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.
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).
17:06, 2020/04/03
Vietnam inflation rate likely to drop below 4% in H2/2020
Vietnam's headline inflation averaged 5.6% year-on-year in the first quarter, but has been gradually decreasing since last December.
10:12, 2020/04/03
Vietnam to stay among Asia’s fastest growing economies despite sharp slowdown: ADB
If the pandemic is contained within the first half of 2020, Vietnam's growth should rebound to 6.8% in 2021 and remain strong over the medium and long-term, according to ADB.
16:04, 2020/04/02
Moody’s changes outlook for Vietnam’s banking system to negative on Covid-19
Prospects of foreign investment will dim in 2020, given the impact of the coronavirus outbreak on investment sentiment globally, and this will make it more difficult for Vietnamese banks to raise external capital.
14:25, 2020/04/01
Vietnam stock market remains operational as usual during social distancing period
Transaction activities in the stock market are considered essential services which must stay operational in all circumstances, stated the country’s stock market watchdog.
23:49, 2020/03/25
Vietnam stocks jump most in 11 years Wednesday amid global gains
Analysts at MB Securities and Yuanta Securities reckoned Wednesday’s rally is a short-termed rebound.
16:58, 2020/03/25
VND more resilient compared to regional peers amid Covid-19: VinaCapital
With nearly US$83 billion of foreign exchange reserves, the State Bank of Vietnam has more than enough reserves to comfortably meet redemptions.
15:58, 2020/03/25
Vietnam’s bond market grows 4.1% to US$53.6 billion in 2019
The government bond market decreased by 3.9% quarter-on-quarter in local currency terms to US$49.2 billion at the end of December 2019.
11:46, 2020/03/24
Vietnam c.bank willing to sell forex as greenback soars
Vietnam's continued trade surplus helps strengthen its forex position.
21:57, 2020/03/19
Vietnam finance ministry waives fees for 6 securities services
A total of 15 securities services are set to become free or cheaper to support the stock market.
21:36, 2020/03/19
Vietnam accelerates disbursement of public investment in Jan-Feb
The improvement in disbursement rate in the first two months of 2020 was partly thanks to the effectiveness of the revised Public Investment Law since early 2020.