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.
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.
11:39, 2018/03/07
Draft resolution on handling tax arrears to be submitted to Vietnamese NA
The Ministry of Finance (MoF) is working on a draft resolution on handling tax arrears and irrecoverable fines to submit to the National Assembly.
17:24, 2018/03/06
Moody's reports on widening gap between Vietnamese banks
Asset quality and profitability at the 14 rated Vietnamese banks improved in 2017, but the divergence between strong and weak performers widened, according to Moody`s assessment.
15:45, 2018/03/06
Japanese SMBC continues participating in Vietnam’s banking reform
Sumitomo Mitsui Banking Corporation (SMBC), one of the largest and oldest banks in Japan, will continue taking part in the restructuring of Vietnam’s banking system in the coming time.
17:22, 2018/03/05
Non-cash payments to be developed in Hanoi
The Hanoi People’s Committee recently issued a plan to develop non-cash payments, urging all supermarkets and restaurants to put in place cashless payment devices or systems by 2020.