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.
11:46, 2018/08/06
Vietnam c.bank to ease regulations on establishment of banks
The focus is on amending and removing a regulation on setting conditions for granting permits for the establishment and operation of joint stock commercial banks.
07:30, 2018/08/06
Reform policies needed to lure foreign investments in Vietnam's consumer finance
Consumer finance has ample room for growth in Vietnam, however, it is necessary to improve the policy framework to make the sector more attractive to foreign investors, experts said.
07:27, 2018/08/05
Brokerage warns investors of banking stocks
"It is not a bad idea to be conservative and cautious and retain some cash," said the Viet Dragon Securities Company (VDSC) in its latest investment strategy report.
10:59, 2018/08/04
Vietnam's bad debt ratio unlikely to drop below 3% by 2020: Ministry
The Ministry of Planning and Investment (MPI) considered the target of "having 12 - 15 commercial banks meet Basel II standards by 2020" as feasible.
22:00, 2018/07/30
Vietnam budget overspending reaches US$1.5 billion in 7 months
Vietnam`s state budget revenue is estimated to reduce by some VND30.15 trillion (US$1.32 billion) this year as the country has to remove multiple tariffs under signed free trade agreements (FTAs), according to the Vietnam Customs.
15:14, 2018/07/30
VAMC resolves US$13.4 billion in bad debts
The central bank-run Vietnam Asset Management Company (VAMC) plays a vital role in solving bad debts in the banking system, according to the State Bank of Vietnam`s representative.
11:02, 2018/07/28
Vietnam banks' profitability improves in Q1: c.bank
Higher revenue levels were also able to offset bad debt charges and mitigate the impact of credit costs on bottom-line profitability, stated the Moody`s Investors Service.
17:12, 2018/07/26
Vietnam urged to remain cautious about depreciating VND
Exchange rate management should be considered as part of a broader policy to increase the resilience of the economy and stabilize macroeconomic condition.
18:36, 2018/07/24
Warbug-backed Techcombank posts record profit of US$223.4 million in H1
The Vietnamese lender saw its after-tax profit increase to an all-time high of VND4.15 trillion (US$178.3 million) during the first half of 2018, according to the bank`s quarterly consolidated financial statement.
17:07, 2018/07/23
Vietnam banks raise USD prices as c.bank halts intervention
After the central bank signaled it will cease intervention in the local forex market, local commercial banks promptly raised the USD/VND exchange rate by nearly 1%.
10:18, 2018/07/23
Vietnam c.bank sells US$2 billion to stabilize market
The SBV`s current reserve fund of nearly US$64 billion is expected to ease pressure on foreign currency supply in the market, according to a commercial bank`s representative..
09:43, 2018/07/22
Vietcombank sees 53% rise in H1 pre-tax profit
As of June 30, Vietcombank`s total assets were valued at VND977.6 trillion (US$42.7 billion), down 5.6% compared to the beginning of the year.
16:10, 2018/07/18
Vietnam shares climb for fifth straight day, hit 2-week high
Vietnamese shares settle July 18 at a higher note for the fifth consecutive gaining day, as local investors stepped in to buy amid eased concerns over trade tensions, traders said.
10:19, 2018/07/18
VAMC purchases nearly US$12.1 billion in bad debts in 5 years
The introduction of Resolution 42, which provides special pilot treatment of bad debts at credit institutions, played an important role in VAMC`s recent positive performance.
12:03, 2018/07/17
Over 90% of Vietnamese population still favor cash use
A non-cash economy is one of the main pillars to build an e-government, which should be the government`s priority in the coming time.
13:14, 2018/07/14
Foreign banks continue expanding in Vietnam
Vietnam`s market is fast becoming an attractive investment destination for foreign banks.
14:53, 2018/07/12
Vietnam c.bank injects VND210 trillion to the market in 6 months
The inter-bank rates and VND mobilizing interest rates remained low and stable, stated the National Financial Supervisory Commission (NFSC).
12:57, 2018/07/10
TPBank gets US$100-million IFC loans to support MSMEs
The five-year financing package is likely to improve the Vietnamese banking sector`s competitiveness by promoting a cashless economy via innovation and competition, according to IFC.
19:31, 2018/07/07
Brokerage expects Vietnam stock market to consolidate in Q3
There will be better buying opportunities in the Vietnamese stock market as this time-correction fazes out, according to Viet Dragon Securities Company (VDSC).
11:08, 2018/07/07
Banks in Vietnam expect 2018 profit growth at 19.05%
Most credit institutions were positive about their business results in the second quarter and set higher targets for this year, stated the State Bank of Vietnam.