The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.

The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.

Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.

The State Bank of Vietnam (SBV) has decided to push ahead with restructuring the banking system, applying stricter measures to effectively prevent cross-ownership at commercial banks.

As of May 31, Vietnam`s credit growth has increased 6.16% as compared with the end of 2017, informed the State Bank of Vietnam (SBV) on June 11.

The Ministry of Finance (MoF) has unveiled a series of measures to beef up the local stock market which it considers an important channel to mobilize funds for the economy.

The State Bank of Vietnam (SBV), the country`s central bank, has required credit institutions to strictly monitor consumer lending, concerning that some real estate and securities investment loans were hidden in consumer loans.

Loans from ThaiBev and its affiliates for financing the purchase of a US$4.8-billion stake in Saigon Beer Alcohol Beverage (Sabeco) have caused Vietnam`s foreign debt to rise significantly, according to a recent Government report.

Although May featured a downtrend for Vietnam`s stock market, market capitalization still rose sharply and the market still has a good outlook in the long term, according to Chairman of the State Securities Commission of Vietnam Tran Van Dung.

Macroeconomic stability together with new regulations in a National Assembly resolution effective last year will give banks huge opportunities to completely resolve their legacy problem assets kept at the Vietnam Asset Management Company (VAMC).

The State Bank of Vietnam (SBV) has proposed to extend the time limit set for addressing the excessive shareholding for another year until June 30, 2019 through a new draft circular.

Prosperous business performance and a positive trend of bank shares in the stock market will help some commercial banks meet capital increase deadline required by the State Bank of Vietnam (SBV).

Singapore-based F&N Dairy Investment has registered to purchase an additional 14.5 million shares of Vietnam Diary Products Company, known as Vinamilk, equivalent to 1% charter capital of the dairy firm.

the Vietnamese dong (VND) is expected to depreciate by about 1-2% against the US dollar in 2018, because Vietnam does not suffer from the issues that have driven much larger depreciations in Vietnam`s EM peers, said Michael Kokalari, Chief Economist at VinaCapital.

The State Bank of Vietnam (SBV) has required commercial banks to enhance the supervision to prevent frauds of using fake documents and information to open bank accounts and ATM cards.

The Ministry of Finance (MoF) is drafting a circular on collecting and reporting market prices in a move to standardize the information and better control the country’s inflation.

The Vietnam Bank Card Association has agreed to speed up the transfer from magnetic stripe cards to chip cards to ensure the safety for card holders and increase the quality of banking services, according to the National Payment Corporation of Vietnam (NAPAS).

Many commercial banks have planned to increase capital, aimed to enhance their financial status and prepare for meeting Basel II standards by 2020.

Some commercial banks have recently narrowed their gold bar trading network in the context of declining consumption demands for the product in the local market.

Techcombank is expected to make debut on Ho Chi Minh Stock Exchange (HoSE), offering over 1.16 billion shares at VND128,000 (US$5.64) apiece.

Vietnam`s Orient Commercial Bank (OCB) expects its market capitalization to rise to $1 billion after its planned listing on the country`s benchmark bourse during the second half of the year, according to Bloomberg.

The State Bank of Vietnam (SBV) is encouraging local people to further use non-cash payment services, Pham Tien Dung, director of the SBV’s Payment Department, said.

Cross-ownership at banks has sharply decreased after the banks recently changed its top leaders at 2018 annual general meetings of shareholders (AGMs) to meet a central bank`s new regulation.