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.
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.
10:24, 2018/10/06
Vietnam government to remove foreign ownership cap for public companies
Vietnam seeks to ease foreign investors in pouring into its public companies, considering lifting the foreign stake holding limit at the companies from the current 49 percent to 100 percent.
06:49, 2018/10/06
Agribank posts 37% rise in H1 pre-tax profit
The bank`s bad debt reached VND20.16 trillion (US$863.33 million), accounting for 2.18% of the bank`s total outstanding loans, the CafeF reported.
07:12, 2018/10/04
Consumer finance booms in Vietnam with new players
By the end of 2017, total outstanding consumer loans reached over US$5 billion. The consumer finance market, however, remains huge potential for development.
17:05, 2018/10/03
Vietnam inflation rate may reach 3.8% in 2018: Brokerage
According to BIDV Securities Company (BSC), fuel and food prices would have the biggest impact on inflation.
06:52, 2018/10/03
Brokerage projects VietinBank's pre-tax profit to reach US$430 million in 2018
Brokerage expected the bank`s provision expense will continue to be high in next five to six quarters and undermine its earnings.
08:08, 2018/10/01
Vietnam has much monetary policy room to boost growth till year-end
The credit growth target has been set at 17% this year, meaning that credit can grow an additional 6-7% in the final three months.
15:13, 2018/09/27
FTSE adds Vietnam to watch list for reclassification as secondary emerging
The move is considered a welcome sign for Vietnam`s market.
09:49, 2018/09/27
Vietnam to form digital finance ecosystem by 2025: finance ministry
Cyber security and privacy are some of the most challenging issues that Vietnam are facing during the digital transformation process, VietnamFinance reported.
08:19, 2018/09/27
Foreign banks restructure operations in Vietnam
Foreign banks` restructuring process is aimed at refocusing resources on their remaining business activities and increase efficiency in Vietnam`s market.
06:31, 2018/09/26
Vietnam credit-driven economy leads to internal risks
Consumer financing is expected to grow at a double-digit rate for the next three years as households increase their spending.
18:32, 2018/09/24
Vietcombank steps up divestments to meet cross-holding limit
Once completing both auctions, the lender will no longer be a major shareholder in Military Bank (MB) and Vietnam Export Import Commercial Bank (Eximbank).
15:36, 2018/09/21
Vietnam c.bank approves 10% increase in Vietcombank's charter capital
Vietcombank, Vietnam`s largest lender by market value, is allowed to increase its charter capital from VND35.97 trillion (US$1.55 billion) to VND39.57 trillion (US$1.7 billion) by selling 10% stake to foreign investors.
15:23, 2018/09/21
Vietnam faces challenges in restructuring national finance
The process plays a key role towards rapid, inclusive and sustainable development of Vietnam`s financial sector.
06:51, 2018/09/21
Vietnam credit growth outpaces money supply expansion
The difference between M2 growth and credit growth fell from VND238 trillion (US$10.24 billion) as at June 20, 2018 to only VND124 trillion (US$5.33 billion) August 22, 2018.
08:36, 2018/09/20
Vietnam's large banks to end cross-ownership soon
Favorable stock market and positive economic growth have helped large banks to step up divestment from other peers to meet the central bank’s regulation on holding shares at other credit institutions.
08:15, 2018/09/19
Vietnam to set foreign ownership limit in fintech sector
The central bank has proposed issuing detailed regulations on foreign shareholding limit in the country’s fintech firms to better manage the nascent financial services sector.