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 Debt and Asset Trading Corporation (DATC), an important arm of the Government`s efforts to equitise State-owned companies, will increase its charter capital from a current 2.48 trillion VND (110 million USD) to 6 trillion VND (266 million USD) starting October 15.

The Hanoi Stock Exchange (HNX) plans to organise this month five initial public offerings (IPOs) for State-owned enterprises to sell their stakes to external investors.

The number of banks from ASEAN countries is expected to increase in Vietnam in the coming years as the domestic banking market opens following the carrying out of regional integration commitments.

T&T Group has become a strategic shareholder in Hanoi`s Transport Hospital, the first medical facility to be equitised in Vietnam.

The National Financial Supervisory Commission (NFSC) has proposed that a close watch be kept on China`s moves in its socio-economic policies in order to react in an appropriate manner.

Deputy Prime Minister Vu Van Ninh said the draft on selling Government stakes as share packages must include strict regulations to prevent corruption, while still encouraging those who seek long-term investments.

The State Bank of Vietnam (SBV) will not make any further adjustment to the Vietnam Dong/US Dollar exchange rate this year, SBV Deputy Governor Nguyen Thi Hong said in a press release issued late on August 24.

The Bank for Investment and Development of Vietnam (BIDV) on August 24 signed a pact with Kyoto Bank on serving its Japanese business clients operating in Vietnam.

International organisations lauded the exchange rate and amplitude adjustments made by the State Bank of Vietnam (SBV) as a timely and appropriate move to cushion external shocks.

The State Bank of Vietnam (SBV) has increased by 1% for the average inter-bank exchange rate between the VND and USD on August 19.

Saigon Securities Inc (SSI) is collecting opinions of shareholders on an unlimited ownership rate of foreign investors in the company, according to the Vietnam Securities Depository (VSD).

The State Bank of Vietnam (SBV) has increased the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent, applicable from August 12.

The Vietnam Chamber of Commerce and Industry (VCCI) and General Department of Taxation, under the Ministry of Finance, revealed a report on the satisfaction of businesses with the tax administrative procedures reform in 2014 in Hanoi on August 11.

The customs sector should build on the positive outcomes in the past two years and further reduce procedure processing time, an official told a workshop in Hanoi on August 11, adding that a one-day reduction in customs clearance time in cross-border trade could save the economy more than 1 billion USD per year.

According to a new Government decree, a tax exemption on used cars imported to Vietnam has been given for Viet kieu (Overseas Vietnamese or OV), who are intellectuals, experts and skilled workers.

Prime Minister Nguyen Tan Dung suggested Myanmar to soonly consider granting licences to the Bank for Investment and Development of Vietnam to open its branch in Myanmar.

Vietnam`s VN Index topped a list of the world markets that rose the most between June 24 and July 24.

The Bank for Investment and Development of Vietnam (BIDV) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), two of the four state-owned banks in Vietnam, have reported positive financial results for the first half of 2015, confirming their leading positions in the market, according to a local newspaper.

Both stock markets registered corrections last week after seeing substantial gains in their earlier rallies. Analysts predict this phase could continue into the early sessions of this week.

The State Bank of Vietnam (SBV) has flexibly managed the interest rate policy to suit the market and currency exchange demand and support businesses, stated SBV Deputy Governor Nguyen Thi Hong.