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.
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
14:39, 2025/01/04
Vietnam stock market set to accelerate in 2025: Experts
Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.
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%.
09:39, 2018/10/10
Foreign firms dominate Vietnam’s life insurance market
Vietnam’s market has 18 life insurers, of which only Bao Viet Life Insurance is Vietnamese while the rest are wholly foreign-owned companies or joint ventures.
06:42, 2018/10/10
Vietnam state budget revenue up 13.7% in 9 months
Vietnam recorded a fiscal deficit of VND26.8 trillion (US$1.14 billion) in the nine months through September, widening from a deficit of VND1.7 trillion (US$72.69 million) recorded one month earlier.
17:30, 2018/10/09
StanChart helps Vietnam’s private hospital chain raise US$100 million in bonds
This is the fifth time that SCB Vietnam has acted as the Bond Issuance Agent for a guaranteed VND-denominated corporate bond issue.
07:08, 2018/10/09
Banks in Vietnam expect improved business performance in fourth quarter
Around 88% of credit institutions expect to have a higher pre-tax profit in 2018 compared to 2017.