Local banks cut interest rates in response to PM’s request
The rate cuts come in response to the Prime Minister’s directive to inspect and review banks that have recently increased deposit rates.
15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
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.
14:30, 2025/02/15
Hanoi expands cashless parking pilot program
Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.
16:58, 2025/02/11
Prime Minister urges banks to prioritize economic support over profits
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.
10:38, 2015/05/09
Increasing inter-bank VND/USD rate
Early on May 7, the State Bank of Vietnam adjusted to raise the inter-bank average exchange rate between the VND and USD by 1%, from 21,458VND to 21,673VND per one USD.
09:30, 2015/05/06
Government to let foreign currency reserves fund development
The Government, for the first time, has instructed relevant ministries to create a legal mechanism to allow for part of foreign currency reserves to be used to fund development projects.
13:19, 2015/05/02
More interest shown at Hanoi auctions
A greater number of investors participated in the equity auctions held on the Hanoi Stock Exchange in April, the northern bourse reported.
13:59, 2015/04/28
State Bank buys out Ocean Bank
The State Bank of Vietnam (SBV) will put loss-making Ocean Bank under special surveillance in accordance with the law due to its weak performance and numerous violations of the law.
10:02, 2015/04/26
SSC, GIZ to develop green capital market
The State Securities Commission (SSC) and the German Federal Enterprises for International Cooperation, better known as GIZ, will collaborate to develop a green capital market.
11:26, 2015/04/23
Banks see improved business climate in 2015
Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Vietnam (SBV) survey said.
14:13, 2015/04/22
VIB named Best Banking Deal Vietnam 2015
Vietnam International Bank (VIB) has been honoured by Global Banking and Finance Review as the “Best Banking Deal Vietnam 2015” and “Fastest Growing Retail Bank in Vietnam 2015”.
18:07, 2015/04/18
PM urges end to red tape in customs procedures
The Prime Minister has urged the customs sector to simplify its administrative procedures to ensure a favorable business climate in line with international practice.
21:49, 2015/04/14
VAMC to adjust NPL interest rate
The Vietnam Asset Management Company (VAMC) intends to cut the applicable interest rate for purchased non-performing loans (NPLs) in US dollars from 4.5 percent per annum to 4.3 percent.
11:26, 2015/04/14
PM demands greater effort in SOE equitisation process
Prime Minister Nguyen Tan Dung has requested authorised agencies to employ far-reaching measures to ensure that the equitisation of 289 State-owned enterprises (SOEs) is completed within 2015.
17:19, 2015/04/12
Deposit growth rate slows as credit continues to rise
The deposit growth rate is currently slower than that of credit growth; however, savings in banks are still considered a good choice due to low inflation.
19:34, 2015/04/03
Banking credit up in first quarter
Banking credit grew by 1.5 percent in the first quarter, the State Bank of Vietnam has reported. Analysts said the market was rather surprised at this high growth since banks had always seen negative credit growth in the first quarter since 2011.
14:36, 2015/04/02
SBV's forex policy must adjust to account for all industries' needs
The State Bank of Viet Nam (SBV)`s foreign exchange policy will be based on macroeconomic management and harmonised with the benefits of all industries and sectors, and not exports alone.
11:30, 2015/04/01
Tax payment time must be cut to 171 hours in 2015: PM
Prime Minister Nguyen Tan Dung requested the General Department of Taxation slash the tax payment time to 171 hours in 2015 at any cost while chairing a meeting in Hanoi on March 31.
18:08, 2015/03/26
The State Bank says to maintain the foreign exchange rate
At a meeting on March 25, Deputy Governor of the State Bank Nguyen Thi Hong confirmed that the State Bank will not adjust the Vietnamese dong-US dollar exchange rate despite an increase in the price of USD on the world market.
18:08, 2015/03/26
PM demands speedier customs clearance
Prime Minister Nguyen Tan Dung spoke of the need to push reform during a working session with the General Department of Customs and relevant agencies in Hanoi on March 25.
17:40, 2015/03/23
Vietnam welcomes US investors with open arms: State bank
The State Bank of Vietnam (SBV) is willing to create a more transparent and attractive business environment in order to persuade US enterprises to operate in Vietnam, SBV Vice Governor Nguyen Thi Hong has said.
20:50, 2015/03/20
HNX to help VNPT in divestment drive
The Hanoi Stock Exchange (HNX) will support the Vietnam Posts and Telecommunications Group (VNPT) in formulating a scheme for selling stakes as regulated under its restructuring plan.
15:37, 2015/03/06
Project to train commercial bank directors approved
The Prime Minister has given his approval for a project to train directors of commercial bank branches from 2015 to 2017, funded by Official Development Assistance (ODA) from the Swiss government.
15:27, 2015/01/15
WB keeps Vietnam’s GDP growth at 5.6% in 2015
The World Bank (WB) has forecast that Vietnam’s economy will grow 5.6% in 2015, the same level as last year.