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.
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.
09:17, 2014/06/11
NA discusses the management of petrol prices
Finance Minister Ding Tien Dung said the governance of the domestic petrol price is currently based on market mechanisms using financial tools in price stabilisation.
09:24, 2014/06/06
Business, bank restructuring efforts receive a boost
The Japan International Cooperation Agency (JICA) held a seminar in Hanoi, launching two projects to accelerate the restructuring of State-owned enterprises (SOEs) and credit organisations.
14:46, 2014/05/19
Vietinbank report reveals bad debt increase
Vietinbank`s bad debts reached about VND6.3 trillion, or US$300 million, on March 31, an increase of 67 per cent over the end of last year, according to the bank`s latest report released last week.
15:41, 2014/05/06
Forex reserves rise to $35 billion
The State Bank of Viet Nam received US$10 billion in the first four months of 2014, raising the total foreign reserves to $35 billion, Governor Nguyen Van Binh announced.
15:48, 2014/05/05
Domestic gold prices rise to two-month high
Domestic gold prices saw their strongest increase in the last two months, going up 170,000 VND per tael to around 35.63 million VND.
12:11, 2014/04/28
Vital indications of banking improve
The health of the banking system has improved, with good reports coming in about asset quality, capital adequacy ratio and liquidity, according to the National Financial Supervisory Commission (NFSC).
14:58, 2014/04/25
WB signs agreements to modernise Vietnam’s poorest areas
The State Bank of Vietnam (SBV) entered into credit agreements with the World Bank (WB) on April 24 of close to US$390 million for projects to modernise of some of the nation’s poorest areas.
09:16, 2014/04/16
Vietnam in global top 10 for foreign remittances
The World Bank (WB) has announced Vietnam is among the top ten overseas remittance recipients in the world, receiving US$11 billion last year alone.
16:05, 2014/04/08
WB forecasts VN’s growth rate of 5.5% in 2014
The World Bank (WB) forecasts that Viet Nam’s economy will achieve a growth rate of 5.5% in 2014 and 5.6% in 2015, 0.1 percentage point and 0.2 percentage point higher than the forecast it made in last October.
15:28, 2014/03/18
SBV cuts interest rates
The State Bank of Vietnam (SBV) on March 17 announced a reduction in maximum interest rates for bank deposits in VND and USD.
17:00, 2014/03/13
Vietnam only needs fewer large banks
Vietnam needs only 30-40 large banks to ensure the sufficient supply of capital for national enterprises, said Dr. Tran Hoang Ngan from the National Advisory Council on Monetary and Financial Policies.
15:05, 2014/03/12
Finance Minister meets US federal bank chief
Finance Minister Dinh Tien Dung worked with the Chair of the US Federal Reserve Bank FED Janet Yellen on Vietnam’s macroeconomic situation and budget and fiscal management in 2013 and orientations for 2014.
15:15, 2014/03/07
VAMC purchased big loans from banks
The Vietnam Asset Management Company (VAMC) has so far purchased approximately VND39 trillion worth of non-performing loans from banks, exceeding its VND30-35 trillion target.
10:04, 2014/03/07
Vietnam's financial market institution to be finalised
The Vietnam Ministry of Finance (MoF) has asked its Japanese counterpart to help Vietnam finalise its financial market institution, increase the capacity, and develop human resources.
16:08, 2014/02/28
Vietnam dismisses bitcoin as legal currency
The State Bank stated on February 27 that bitcoin and other virtual currencies are not legal tender or a permitted means of payment in Vietnam.