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.
06:26, 2018/11/08
Deposits in Vietnam banking system up 10% in 9 months
Deposits at three major state-run banks stood at VND2,550 trillion (US$110.04 billion), accounting for 46% of total deposits at 28 banks, CafeF reported.
17:07, 2018/11/06
Brokerage predicts BIDV's pre-tax profit up over 8% in 2018
The future sale of 600 million shares to KEB Hana, if successful, will have a big positive impact on BIDV’s financial picture by improving its credit and profit growth potential.
13:55, 2018/11/06
USD/VND exchange rate remains stable in face of Chinese yuan's slide
The State Bank of Vietnam (SBV)’s timely intervention has been key to stabilize the VND in the context of global uncertainties.
08:13, 2018/11/06
JICA helps Vietnam improve transparency of stock market
Improving the transparency of Vietnam’s securities market is necessary due to rapidly increasing market capitalization in the context of further transition to the market economy and development of the private sector.
07:31, 2018/11/02
Moody's takes positive actions on Vietnamese banks
The rating action reflects Moody`s expectation that the strong economic growth evident in Vietnam will support the asset quality and profitability of the banks.
15:40, 2018/11/01
South Korea’s KEB Hana Bank to buy 15% stake of Vietnam’s BIDV
At the current market price of VND30,350 (US$1.3) per share, the planned shares of Bank for Investment and Development of Vietnam (BIDV) issued to KEB Hana Bank are worth VND18.3 trillion (US$735 million).
14:57, 2018/11/01
Vietnam c.bank to further push cashless payment: C.bank governor
By the end of 2020, the ratio of cash transactions is expected to be reduced to below 10% and at least 300,000 point of sales (POS) are installed nationwide.
16:01, 2018/10/31
Vietnam c.bank pumps US$740 million to stabilize forex market last week
The State Bank of Vietnam (SBV)’s sale of USD has impacted the Vietnamese dong (VND)’s liquidity in the market, which could become more severe as demand for liquidity is growing in the remaining months of 2018.
13:48, 2018/10/28
Vietnam's FX reserves exceed US$60 billion: Deputy PM
Vietnam`s exchange rate policy has been managed on the basis of market mechanism.
11:53, 2018/10/26
HDBank sees 50% increase in pre-tax profit in Jan - Sep
The bank`s revenue during the period reached VND6.78 trillion (US$289.42 million), up 21.1% year-on-year.
07:37, 2018/10/24
Warbug-backed Techcombank sees profit up 61% in 9 months
As of September 2018, Techcombank` total asset value stood at VND311.79 trillion (US$13.36 billion), up 15.7% compared to the beginning of the year.
12:00, 2018/10/23
Vietnam's foreign debt projected to touch ceiling in 2019
The National Assembly`s Finance - Budget Committee requested the government to ensure national financial safety by strictly implementing financial disciplines.
10:35, 2018/10/23
Vietcombank sees 47% rise in Jan-Sep pre-tax profit
As of September 30, state-run Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)`s total assets were valued at VND995.11 trillion (US$42.47 billion), down 3.9% compared to the beginning of the year.
15:09, 2018/10/22
VPBank posts 41% increase in profit in 9 months
Vietnam Prosperity Bank (VPBank)`s total asset value was reported at VND296.21 trillion (US$12.74 billion), up 17% year-on-year.
10:29, 2018/10/19
Vietcombank seeks permission to sell 10% stake to foreign investors
This is a major step for Vietcombank, Vietnam`s largest lender by market value, to increase its charter capital by nearly 3.6 trillion (US$153.4 million) to VND39.5 trillion (US$1.7 billion), local media reported.
16:51, 2018/10/18
Tax incentives are not enterprises' priority: Oxfam
Vietnam should focus on restructuring of state budget expenditures, increasing transparency and efficiency in state budget spending with people`s oversight, and avoiding tax evasion and unnecessary tax incentives.
16:12, 2018/10/16
Brokerage revises up earnings forecasts for Vietnam banking sector
The brokerage firm expected the credit growth of its Vietnamese bank universe to remain robust, at 16% median in 2018 (19% in 2017), followed by 15% in 2019.
09:30, 2018/10/16
South Korea's Shinhan Card considers Vietnam priority for investment
In the coming time, Shinhand will focus on developing consumer finance in Vietnam, the government portal reported.
09:37, 2018/10/13
USD/VND exchange rate to remain stable in remaining months of 2018: Experts
Vietnam`s foreign exchange reserves are sufficient to stabilize the exchange rate until the end of the year.
12:01, 2018/10/11
Japan's MUFG Bank wants bigger stake in VietinBank
The Vietnamese government encourages foreign investors to purchase stake in local banks, especially in weak banks. In this case, there is no limit to foreign ownership ratio, which could go up to 100%.