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.
17:42, 2019/12/12
Vietnam under pressure to address corruption in private sector: UNDP
Corruption increases the cost of doing business, distorts the competitive environment, limits opportunities for investment and widens the growing social inequality, according to a UNDP expert.
00:03, 2019/12/11
E-payment key to promote Vietnam’s internet economy
Vietnam must grasp opportunities from the internet economy, which is estimated to have a combined value of US$100 billion in Southeast Asia, and is on track to increase by three-fold in the next five years, said a government official.
17:04, 2019/12/10
Vietnam gov’t bond market equals 25.1% GDP in 2019
In 2021, Vietnam strives to have its government bond included in global recognized bond indices such as JP Morgan, Bloomberg Barclays, Citi World Government.
09:17, 2019/12/10
JP Morgan expects high growth and profitability from Vietnamese banks
It is a rare combination where Vietnamese banks are growing fast and are quite profitable, said an expert at JP Morgan.
14:11, 2019/12/09
Vietnamese enterprises urged to prepare for changes in tax policy
These policies not only introduce new tax treatments such as e-commerce transactions, re-auditing or the application of penalties, but also introduce new regulations of tax compliance and audit management.
06:03, 2019/12/09
Vietnam tightens supervision on foreign investment to prevent origin frauds
A number of foreign-invested firms have falsely labeled their products as originating from Vietnam to avoid trade safeguard instruments amid the US-China trade war.
10:41, 2019/12/05
Foreign investors unable to get Vietnamese stocks despite value at lowest level: Bloomberg
Tight liquidity is considered the main reason for difficulty that any investor who would like to take advantage of the country’s economic growth is facing.
17:09, 2019/12/04
Vietnam c.bank cuts rate on banks’ reserve requirements first time since 2005
It is likely that the credit growth in the first 11 months of the year is quite far away from the target of 14%, so the SBV is taking steps to boost credit.
19:11, 2019/12/02
Total assets of banks in Vietnam increase 9% to nearly US$520 billion
The total assets of commercial banks under state ownership accounted for 43.4% of the total of the banking sector, followed by joint stock commercial banks with 41.4%.
16:53, 2019/12/02
Vietnam remains among top 10 remittance recipients in 2019
Remittance, along with foreign direct and indirect investment and official development assistance, is a major source of Vietnam’s foreign currency supply.
11:57, 2019/12/02
Efficient resource utilization may help Vietnam GDP grow 9 – 10%
The public capital must be allocated based on market principles, said an expert.
06:05, 2019/12/02
Legal overhaul urged for foreign firms to list shares in Vietnam
Encouraging FDI firms to list locally would help supervise their performance as the companies would be managed by not only local authorities but also investors, shareholders, and the local stock exchanges.
18:05, 2019/11/30
Vietnam records US$3.81-billion fiscal surplus in 11 months
As of November 15, the country's state budget revenue reached VND1,299.4 trillion (US$56.18 billion), equivalent to 92.1% of the year's estimate.
18:34, 2019/11/29
Vietnam c.bank removes daily transaction limit for e-wallet users
Instead of a daily transaction limit, Vietnam’s central bank would set up a monthly limit of VND100 million (US$4,284) for e-wallet users.
17:08, 2019/11/28
Data governance key to promote growth in Vietnam’s banking sector
For banks in Vietnam, data governance is an important step to realize the vision of becoming a leading data-driven bank, said a PwC expert.
15:51, 2019/11/27
Vietnam named second in ASEAN in fintech funding in 2019
Vietnam’s fintech firms secured two of the top three largest funding deals in ASEAN in 2019.
14:25, 2019/11/27
Proposal to merge Hanoi and Ho Chi Minh City stock exchanges on hold
For the time being, the government would redefine functions and responsibilities of each stock exchange, ensure no overlapping in operations.
09:47, 2019/11/22
Loosening foreign ownership cap at Vietnamese banks becomes urgent
After the parliament disapproved a plan to use state funds to raise registered capital, state-owned banks will have to look for foreign investment to increase capital.
08:58, 2019/11/21
Investors keep pouring money into e-wallet despite losses
The large market and great potential of the non-cash payment sector in Vietnam explain why investors keep pouring money into payment technology firms, though the firms continue making losses.
12:36, 2019/11/20
Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion
This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills.