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.
16:30, 2018/05/23
Techcombank to list share at US$5.64 apiece
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.
10:41, 2018/05/21
OCB expects market value to reach US$1 billion
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.
14:07, 2018/05/20
Central bank encourages cashless payment
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.
20:26, 2018/05/19
New regulation makes cross-ownership at banks decline
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.
16:22, 2018/05/19
Vietnam sets plan for e-finance system by 2025
The Ministry of Finance aims to have financial cloud infrastructure fully operational by 2025.
14:30, 2018/05/19
Government raises VND56 trillion from bonds
The State Treasury of Vietnam has so far this year successfully mobilized more than over VND56 trillion (US$2.46 billion) via G-bond auctions in the Hanoi Stock Exchange.
11:16, 2018/05/19
Listed commercial banks post huge profits
Total revenue and pre-tax profits of 14 listed banks reached VND56.34 trillion (US$2.47 billion) and VND20.13 trillion ($883 million) in the first quarter, up 35 percent and 52 percent year-on-year, respectively.
14:15, 2018/05/16
Non-performing loans on the rise again
Financial reports of 13 large- and medium-sized banks showed that eight of them had the non-performing loans (NPL) ratio rose in the first quarter of this year.
11:11, 2018/05/15
Fitch raises Vietnam sovereign credit rating to 'BB' from 'BB-'
Ratings firm Fitch raised Vietnam`s long-term foreign-currency issuer default rating (IDR) to `BB` from `BB-`, with a stable outlook, the agency said on May 14.
08:19, 2018/05/15
Foreign currency loans still rise despite government’s restriction
The State Bank of Vietnam (SBV) has gradually tightened the foreign currency lending to fight against the dollarization in the economy for recent years, however, in fact, the lending is rising again.
15:57, 2018/05/13
Banking's profit increases 52% in first quarter
An impressive profit growth rate at 52% is considered a short term achievement and not sustainable, due to the large contribution of high expenses.
14:25, 2018/05/13
State budget's revenue reaches US$19.6 billion
Total state budget exceeded VND446 trillion (US$19.6 billion) in the first four months, equivalent to 33.8% of the year estimation and up 12.1% year on year, informed the Ministry of Finance.
14:00, 2018/05/13
More banks eye lucrative consumer finance arm
More commercial banks are keen to establish consumer finance subsidiaries to seize a bigger share of a market that is high potentials with annual growth rate of over 50 percent and projected value of VND1,000 trillion (US$43.85 billion) by 2019.
18:56, 2018/05/12
Commercial banks required stopping ATM fee hike
The State Bank of Vietnam (SBV) has directed commercial banks to stop increasing ATM cash withdrawal fees at this time to create consensus in public opinion.
16:24, 2018/05/09
Bad debts to continue affecting banks' profits
Credit institutions are now allowed to sell bad debts lower than the bookkeeping value under the Resolution No.42 in 2017, however, banks are still facing difficulties in dealing with bad debts.
12:42, 2018/05/09
136 million transactions via POS in 2017
In 2017, total transaction revenue via ATM/POS has increased 34% compared to 2016, along with the cash withdrawal rate going down from 15.71% in period 2015 - 2016 to 6.86% in the first 11 months of 2016 - 2017.
11:36, 2018/05/08
VAMC deposits over US$790 million in banks
Vietnam Asset Management Company (VAMC) is reported to have deposited VND18 trillion (US$790 million) in banks, said its recent financial statement in 2017.
10:34, 2018/05/05
Finance ministry to trim off 173 tax agencies in 2018
The Ministry of Finance planned to restructure its subsidiaries this year, aimed to reduce the number of tax agencies nationwide to 173 from the current 327.
16:09, 2018/05/02
Vietnam a potential market for Fintech development
Vietnam remains huge potential for Fintech development, said the Governor of State Bank of Vietnam (SBV) Le Minh Hung.
09:52, 2018/05/02
BIDV's pre-tax profit stood at US$108.1 million
BIDV posted its pre-tax profit at VND2.48 trillion (US$108.1 million) in the first quarter, up 9.1% compared to the same period of last year, said the bank`s quarterly consolidated financial statement.