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.
11:12, 2018/04/13
BIDV set profit target of US$408 million
BIDV set its pre-tax profit at VND9.3 trillion (US$408 million) in 2018, up 7.3% year on year.
18:54, 2018/04/12
TPBank set profit target of VND2.2 trillion in 2018
TPBank set pre-tax profit in 2018 of VND2.2 trillion (US$96.2 million), up 82.42% compared to 2017, said in the bank`s document prepared for annual general meeting.
16:30, 2018/04/11
Total state budget's revenue exceeds US$13.5 billion
For the first quarter, total state budget exceeded VND308 trillion (US$13.5 billion), equivalent to 23.4% of the year estimation and up 5.3% year on year.
22:27, 2018/04/10
HSC set revenue growth target at 52% in 2018
Ho Chi Minh Securities Corporation (HSC) set revenue target in 2018 at VND2.1 trillion (US$92.4 million), up 52% year on year.
17:35, 2018/04/09
Vietnam to be Asia's best-performing market
Having returned 52% in 2017, Vietnam is on track to be Asia`s best-performing market for a second year in a row, assessed Bloomberg in its latest article.
10:12, 2018/04/08
Banks see positive business outlook in 2018
Most credit institutions saw an improvement in business environment and own performance in the first quarter, which are expected to continue growing in the second quarter.
15:38, 2018/04/06
Banks given permission for excess loans
The Deputy Prime Minister Vuong Dinh Hue signed decision No.13 on requirements for making loans that is over the limit established by law.
22:31, 2018/03/29
VIB posted profit of US$61.3 million in 2017
VIB`s pre-tax profit reached VND1.4 trillion (US$61.3 million) in 2017, double last year`s figure and exceeding 87% of the year plan, stated the bank at its annual shareholders meeting on March 29.
16:38, 2018/03/29
Foreign credit card firms eye Vietnam's market
The National Payment Corporation of Vietnam (NAPAS) signed a Memorandum of Understanding with KEB Hana Card (Hana Card - Korea ) and Alliex Vietnam to expand payment service business in Vietnam, announced NAPAS on its website on March 28.
11:53, 2018/03/24
Fostering financial cooperation between Vietnam and the South Korea
The State Bank of Vietnam (SBV) and the South Korea’s Financial Services Commission (FSC) has signed a memorandum of understanding on cooperation in the field of financial innovation in Hanoi.
20:59, 2018/03/20
VPBank to focus on digital banking
VPBank plans to have 600,000 customers using its digital banking services, 15 times higher the number of 40,000 3 years ago, announced the bank`s leaders at the annual shareholder meeting on March 19.
15:13, 2018/03/19
Vietcombank to divest entire shares at OCB
Vietcombank plans to put its entire shareholding in Orient Commercial Bank (OCB) for auction, announced the Hanoi Stock Exchange (HNX) on March 19.
11:31, 2018/03/19
Strict penalties for administrative violations pertaining accounting
Decree No. 41 regulates penalties up to VND100 million (US$4,400) for administrative violations pertaining accounting or auditing, which will come into effect starting this May.
21:43, 2018/03/14
Banking sector's total assets now exceed US$441 billion
The total assets of the banking sector exceeded VND10,000 trillion (US$441 billion) as of December 31, 2017, the latest report of the State Bank of Vietnam (SBV) revealed.
21:42, 2018/03/14
VIB sets profit target of US$88.2 million in 2018
For 2018, VIB has set its pre-tax profit target of VND2 trillion (US$88.2 million), up 43% over the last year’s period, according to a bank announcement.
10:52, 2018/03/13
Lotte Card completes takeover of TechcomFinance
Vietnamese lender Techcombank has completed transferring its entire stake in its financial arm TechcomFinance to Lotte Card, a subsidiary of South Korea`s Lotte Group at a ceremony on March 12.
11:39, 2018/03/10
Korean bank buys into BIDV
KEB Hana Bank, a subsidiary of Korea`s Hana Financial Group, plans to acquire a stake in BIDV as part of its business expansion, reported Business Korea on March 9.
14:36, 2018/03/09
NFSC calls for tighter supervision of financial market
The National Financial Supervision Commission (NFSC) in its latest report warned the stock market that is has been growing too fast in 2017 and in the beginning of 2018, which carries potential risks.
14:34, 2018/03/09
SHB increases charter capital to US$528 million
The lender has successfully issued more than 83.92 million shares to pay dividends, raising its charter capital from VND11.2 to VND12 trillion (US$490-528 million), according to the State Securities Commission on March 7.
17:03, 2018/03/07
Japan’s Mizuho Bank has signed a MoU with Vinh Phuc province
Japan’s Mizuho Bank has signed a Memorandum of Understanding with the northern province of Vinh Phuc on cooperation in boosting Japanese investment in the locality.