Regional, international financial centers mean boosters to Vietnamese economy: Deputy PM
Ho Chi Minh City envisions its financial center encompassing the money market, banking system, capital market, and derivatives market.
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
14:39, 2025/01/04
Vietnam stock market set to accelerate in 2025: Experts
Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.
18:24, 2014/08/19
Vietnamese banks race to open branches overseas
Many Vietnamese banks have been racing to open branches in other countries to increase their competitiveness and facilitate Vietnamese companies’ overseas investments.
19:32, 2014/08/07
Vietnamese banks call for foreign capital
Many Vietnamese banks believe that calling for foreign capital is the best solution for them to improve their financial capability.
15:46, 2014/08/06
New decree commercial banks to take over finance companies
Analysts predict a new wave of commercial banks taking over finance companies following a new government decree.
14:46, 2014/08/06
HSBC reported Vietnam’s GPD with significant growth
Vietnam’s GPD will continue to grow despite low credit growth, according to recent HSBC’s report on Vietnam at a glance.
09:24, 2014/08/05
11 Vietnam banks cited among world’s top 1,000
The prestigious financial magazine, The Banker, has listed eleven Vietnam banks in its recently published Top World Banks ranking for 2014, affirming the country as a leading financial centre in Southeast Asia.
13:50, 2014/08/04
Government bonds more attractive after improved credit rating
The government bond market is expect to set a new record in volume and value this year.
10:13, 2014/07/30
Moody’s upgrades VN credit rating
Moody’s Investors Service upgraded Vietnam’s credit rating on July 29, reflecting its continued macro-economic stability.
15:00, 2014/07/22
Vietnam bank to open branch in Myanmar
The Central Bank of Myanmar (CBM) has authorised 25 foreign banks, including one from Vietnam, to offer a wide range of domestic and cross-border collection and payment services to foreign investors in Myanmar.
13:54, 2014/07/21
Bad debt settlement still an uphill battle
The rate of nonperforming loans (NPLs) in Vietnamese commercial banks rose in the first half of the year from 3.61% in late 2013 to 4.84% in late June 2014, and the State Bank of Vietnam (SBV) reports total bad debts stand at VND240,000 billion.
17:32, 2014/07/17
International Banker selected BIDV as Best Commercial Bank
The Bank for Investment and Development of Vietnam BIDV has been selected – Best Commercial Bank – by the International Banker, a leading British financial and banking industry news organization.
17:20, 2014/07/17
SBV announces to buy more dollar
The State Bank of Vietnam has announced that it has started buying the US dollar for an additional VND100 as of July 16.
17:12, 2014/07/17
SBV permits to establish Australian representative bank
The Governor of the State Bank of Vietnam (SBV) has issued a license authorising National Australia Bank (NAB) to establish a representative office in Hanoi.
15:39, 2014/07/11
VCCI committed state budget
On July 10, the government inspectorate announced that the Vietnam Chamber of Commerce and Industry committed wrongdoings when they made bank deposits totaling over VND9.4 billion (USD448,000).
12:03, 2014/07/10
Flexible monetary policy to be planned in last six months
The State Bank of Vietnam`s Governor Nguyen Van Binh is planning a more flexible monetary policy in the second half of this year to achieve credit growth of 12 to 14% by year-end.
10:01, 2014/07/09
WB: Vietnam solidifies macroeconomic stability
Vietnam’s macroeconomic stabilization performance has continued to improve but growth remains moderate and continues to come in below its potential, according to a World Bank (WB) report released on July 8.
15:00, 2014/07/08
SBV reported credit growth safe in first six months
There is no need to worry about credit growth in foreign currencies in the first half of this year as the ratio of dollar loans versus mobilisation is within its safe threshold.
14:53, 2014/07/01
SJC price sharply increases
SJC gold prices in Vietnam rose to VND36.93 million per tael on the morning of July 1, concurrent with a sharp increase in both the US and Asian market price to US$1.330 per ounce.
14:48, 2014/07/01
Standard & Poor's affirmed credit ratings
Standard & Poor`s (S&P) recently affirmed its `BB-` long-term and `B` short-term sovereign credit ratings on Viet Nam, saying the long-term outlook was "stable."
14:20, 2014/06/26
Vietnam receives assistance from Japan and ADB
The ADB on June 25 announced the establishment of the trust fund which receives a grant of 1.8 billion JPY (about 17.65 million USD) from the Government of Japan .
14:09, 2014/06/20
New exchange rate not affecting inflation control
A senior State Bank of Vietnam (SBV) official has affirmed the bank’s June 19 decision to raise the VND/US$ rate by 1% will help boost exports and not put pressure on inflation control efforts.