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.

Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.

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.

The financial sector conducted a total of 67,186 inspections in the first nine months of 2017. Deputy chief inspector of the Ministry of Finance (MoF) Tran Huy Truong announced at a press conference held by the ministry in Ha Noi on October 13, discussing the ministry’s financial inspection and supervision work during the first nine months of this year.

A large number of commercial banks have taken the initiative of seeking long-term funds to ensure a more stable capital resource for carrying out long-term business strategies.

A large number of commercial banks have taken the initiative of seeking long-term funds to ensure a more stable capital resource for carrying out long-term business strategies.

The State Bank of Vietnam has issued a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020.

Banking sector needs to improve measures to prevent and avoid violation in fields of monetary and banking, as well as to drastically and timely deal with violation to create a transparent monetary and credit environment, with a view to ensure the benefit of the customers and the stability of the system.

Vietnam’s foreign exchange reserves are at an all-time high of US$45 billion, Party General Secretary Nguyen Phu Trong said.

Recent report of the State Bank of Vietnam (SBV) shows, credit growth in relation with the economy has increased since the beginning of 2017 and continue growing month by month. At the same time, credit institutions also reduce interest rate for business an production purposes.

Most commercial banks expected their business performance to accelerate in the last quarter of this year, helping the average pre-tax profit of the entire banking system rise 13.63 per cent in 2017, according to the latest survey on the business performance trend of credit institutions conducted by the State Bank of Vietnam.

The Bank for Investment and Development of Vietnam (BIDV) has been awarded as “House of the Year Vietnam 2017” by the Asia Risk magazine, which recognise high achiever in fields of risk management and derivatives across Asia.

The World Bank Group is supporting Vietnam to make further progress in resolving non-performing loans (NPLs), strengthening the banking sector to ensure efficient and effective allocation of capital for economic growth and job creation.

Technologies are transforming traditional business models, and banking is no exception.

The magazine Alpha Southeast Asia (Alpha SEA) has held the award ceremony for outstanding financial institutions in the region, in which Vietcombank is awarded as “The best bank in Vietnam”.

The proposed take hikes would make it harder for the country to achieve economic growth target this year.

This service is provided by the Korean Government to save depositors up to $25 compared to other forms of direct international remittance.

Vietnam`s first derivatives market has just been launched on Thursday (Aug 10) with the initial aim to offer futures contracts on the stock markets and in government bonds.

State Bank of Vietnam (SBV) approved the in-principle foreign-owned subsidiary bank (FOSB) licence to set up a subsidiary bank in Vietnam UNITED Overseas Bank Limited (UOB) on July 19th.

Economic growth prospects in developing Asia for 2017 have improved on the back of stronger-than-expected export demand in the first quarter of this year, according to a new Asian Development Bank (ADB) report.

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Vietnam to make term deposits in both VND and foreign currencies.

The State Bank of Vietnam (SBV) has cut several interest rates for the first time since 2014, in order to support businesses and boost economic growth.

Over the recent times, the modernization and reform of tax management of the Hanoi Tax Department have helped enterprises save time as well as cost and improve the productivity and sales.