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.
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.
15:40, 2014/02/28
HCM City expands access to credit
The programme to establish stronger links between commercial banks and enterprises to facilitate access to preferential credit will expand this year to include small traders, a senior HCM City official said on February 27.
09:32, 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.
11:19, 2014/02/26
Shares extend gains as cash flow rises
Shares continued their upward trend on both national stock exchanges yesterday, even though it was the day when about 400 million shares traded last Thursday were transferred to investors` accounts.
11:08, 2014/02/20
Vietnam among top world’s gold consumers
Vietnam ranks seventh in the world in terms of gold consumption, according to the World Gold Council (WGC).
15:36, 2014/02/19
Vietnamese abroad encouraged to remit money home
Recipients of overseas remittances won’t be required to pay income tax, according to a new regulation issued by the State Bank of Vietnam.