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.

Vietnam is expected to adopt International Financial Reporting Standards (IFRS) instead of the current Vietnamese accounting standards (VAS) by 2025 in its efforts to enhance comparability and improve transparency.

On December 9, at the meeting in Hanoi with Politburo member Nguyen Van Binh, head of the Party Central Committee’s Economic Commission, Chief Economist of the International Monetary Fund (IMF) Maurice Obstfeld affirmed that his organization will always stand side by side with the Vietnamese Government in the development process.

E-banking service is promising in Vietnam, experts said at the Vietnam Retail Banking Forum 2016 held in Hanoi.

According to rankings of the top 1,000 enterprises of tax contribution (V1000) this year, released on October 13, the State-owned enterprises have still remained the main source for the State budget, as they contributed 60% of tax payments of the list, rising 45% from last year.

The Bank of India (BOI) opened its 61st overseas branch in Ho Chi Minh City on July 22, becoming the first Indian bank to operate in Vietnam.

Hanoi Stock Exchange Chairman Nguyen Thanh Long said the exchange reported fruitful results H​anoi Stock Exchange (HNX) has mobilised 212 trillion VND (9.46 billion USD) in Government bonds for the State budget in the first half of 2016.

President of the Asian Development Bank (ADB) Takehiko Nakao has pledged that the bank will continue to strongly support Vietnam with loans of about 1 billion USD each year, to the fields of infrastructure construction, urban public transport.

Credit would increase faster in the next few months thanks to new regulations on lending, experts have forecast.

According to the announcement of the World Bank (WB) in Vietnam, the WB approved a loan worth 150 million USD for Vietnam to improve local development policy related to economic management and competitiveness.

Prime Minister Nguyen Xuan Phuc hailed the State Bank of Vietnam (SBV) for its efforts over the last 65 years as contributing to curbing inflation, stabilising the macro-economy and maintaining stable growth for the country.

The State Treasury sold G-bonds worth nearly 7.5 trillion VND (336.3 million USD), or 73.2 percent of the bonds offered on the primary market, between April 11 and 15.

On April 21, PM Nguyen Xuan Phuc held a working session with the Ministry of Finance (MOF), following his meeting with the Ministry of Planning and Investment. At the meeting, he focused on measures to tackle state revenue loss and target the nation`s GDP growth.

According to information from the State Bank of Vietnam, The bank will release by the kind banknote with VND100 denominations in the coming time.

On March 16, at the headquarters of the State Bank of Vietnam (SBV), Nguyen Van Binh, member of the Politburo, the SBV Governor had a meeting with Ms. Christine Lagarde, Managing Director of International Monetary Fund (IMF).

Vietnam’s monetary policies resemble China’s in many respects. Two prime examples are the control of capital flows and market interest rates, including the application of ceiling deposit interest rates.

After pushing long-term rates to a two-year high of 8.38 percent, some commercial banks continue to raise short-term deposits to the 5.5 percent cap.

According to a programme to avoid wasteful expenditures in 2016 approved by the Prime Minister, one of the key measures to be taken is tightening management of public spending and cutting regular expenditures by at least 10%.

The State Bank of Vietnam (SBV) on January 29 announced its reference rate of 21,881 VND per US dollar.

State-owned enterprises have earned 10.4 trillion VND (463.1 million USD) in 143 share auctions held on the HCM Stock Exchange and the Hanoi Stock Exchange, the bourses said.

The degree of openness of the banking and financial markets increasingly high credit growth led to the need for support of the company capital, fierce race meet safety standards on capital. This is the basis for many experts have noted that, wave trading and mergers (M & A) in this area will continue under the strong impact of the policy requirements and market factors.