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 Prime Minister has signed a decision assigning credit plan for investment and development of the State and Social Policy in 2016. Minister of Finance Dinh Tien Dung said in an interview on VTV that one of the key tasks that his ministry will fulfill this year is to balance the state budget.

The Ministry of Finance has developed different scenarios that consider future impacts of oil price slumps for a more flexible management of the state budget in 2016, said Minister Dinh Tien Dung on January 14.

The State Bank of Vietnam (SBV) has announced the central rate for the VND and the USD at 21,896 VND per one USD for January 4.

The Vietnamese government’s flexible monetary policy contributed greatly to Vietnam’s macro-economic stability and socio-economic development.

The International Finance Corporation (IFC), a member of the World Bank group is providing a trade facility of up to US$10 million to TienPhong Commercial Joint Stock Bank (TPBank) to enhance its support for local enterprises and help boost international trade opportunities, according to an IFC press release on December 17

State Bank of Vietnam (SBV) appreciated the support and cooperation of international organizations to help the central bank to fulfill the role of government representatives at financial institutions, international currency.

On December 15, the State Bank of Vietnam (SBV) Operation Centre has unexpectedly adjusted the reference exchange rate between the Vietnamese dong (VND) and the USD up by VND90.

At the 104th council meeting of the International Investment Bank (IIB) co-chaired by the State Bank of Vietnam (SBV) and the IIB in Hanoi on December 4, the IIB agreed to finance a 20 million USD loan for Vietnam`s small-and medium-sized enterprises (SMEs) in the next five years.

Creditors and entrepreneurs from Vietnam and the Republic of Korea (RoK) gathered at a workshop in Ho Chi Minh City on December 4 to boost economic-financial cooperation.

The outlook for the Vietnamese banking system is stable, driven by the country`s good economic growth and stabilising asset quality and good liquidity, according to a Moody`s report released early this week.

Prime Minister Nguyen Tan Dung has approved the project to enhance efficiency of specialised checks in import and export in an effort to improve the business climate and enhance competitiveness.

At the meeting with Deputy Prime Minister Vu Van Ninh in Hanoi on November 20, World Bank (WB) Country Director Victoria Kwakwa said the WB will propose new initiatives to help Vietnam realise the two programmes of new-style rural building and sustainable poverty reduction.

The Bank for Investment and Development of Vietnam (BIDV) on November 21 revealed plans to open a representative office in Taiwan, as it seeks to expand outside its home market of Southeast Asia.

The first initial public offering (IPO) of the Airports Corporation of Vietnam (ACV) will be conducted at the Ho Chi Minh Stock Exchange on December 10, 2015.

The removal of weak banks through mergers and acquisitions, one of drastic measures taken by the State Bank of Vietnam (SBV), has somewhat improved the health of the banking system and won trust from people, according to experts.

Multiple solutions could increase State budget collection to make up for the central budget deficit of over 31 trillion VND (1.39 billion USD), said Deputy Minister of Finance Vu Thi Mai at the monthly press conference of the Government in Hanoi on October 29.

Five initial public offerings (IPO) and four auctions of State-owned shares held on the Hanoi Stock Exchange in September concluded with 100 percent of stakes for sale sold, the northern exchange reported.

Vietnam banks have been in a restructuring mode lately as part of their attempt to get the banking system in shape for the Association of Southeast Asian Nations (ASEAN) economic integration at the end of the year, say leading industry analysts.

Governor Nguyen Van Binh of the State Bank of Vietnam (SBV) received the newly-appointed Asian Development Bank (ADB) Country Director in Vietnam, Eric Sidgwick, in Hanoi on September 14.

Vietnam’s financial market holds promising potential and the basic foundations to develop derivative products, financial experts told a seminar held by the Hong Kong-based Asia Risk magazine in Singapore on September 9.