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.
15:40, 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.
15:10, 2014/02/10
Fitch upgrades long-term credit rating to positive
A decision by Fitch Ratings has resulted in a revision of its outlook on Vietnam’s long-term credit rating to positive from stable, affirming its B+ rating.
09:32, 2014/02/09
Central bank prioritises currency market stability
The State Bank of Vietnam (SBV) is committed to a flexible approach to management that maintains currency market stability and increases foreign currency reserves.
12:36, 2014/02/08
Mr. Dinh Tien Dung opened first transaction of security market session
Minister of Finance Dinh Tien Dung opened the lunar new year’s first transaction session on February 7 with a hopeful assessment of the security market’s future.
12:26, 2014/01/22
HCM City inflation remains stable in January
The consumer price index (CPI) in Ho Chi Minh City for January logged in at a 0.4% increase, its lowest level in five years, on the back of a lackluster demand in the run up to the Lunar New Year (Tet) Festival.
10:54, 2014/01/07
Banks released profit results in 2013
A number of banks have released profit results in 2013 that portray both a gloomy and bright picture of the banking industry.
14:18, 2014/01/02
Vietnam stock market records highest growth
The Vietnam stock market skyrocketed in 2013 with a growth rate of over 20%, while other countries in Southeast Asia chiefly saw a decrease or modest rise of 3-10%.
13:46, 2014/01/02
Monetary policy shortcomings
Despite lower interest rates, strongly credit growth was mostly seen in the last months of 2013, proving that capital flow has yet to take effect.
10:13, 2014/01/02
PM urges fiscal prudence in 2014
Prime Minister Nguyen Tan Dung pressed for all possible measures to be adopted to ensure effective use of next year`s State budget.
13:00, 2013/12/31
State budget needs to be under secrutiny
Prime Minister Nguyen Tan Dung has stressed the need to reduce the travel expenses of foreign business trips to ensure State budget is used properly and effectively.
15:21, 2013/12/23
BIDV opens seventh branch in Cambodia
The Bank for Investment and Development of Cambodia (BIDC), a subsidiary company from the Bank for Investment and Development of Vietnam (BIDV) inaugurated its seventh branch in Cambodia on December 22.
05:35, 2013/12/19
Strengthening financial system supervision
The international conference on strengthening financial system soundenss and supervision was jointly held by Vietnamese agencies and the World Bank in Ha Noi on Wednesday.
09:36, 2013/12/12
Regulations on foreign currency loans announced
The State Bank of Viet Nam (SBV) has recently issued a circular regulating foreign currency loans offered by credit institutions and foreign banks’ branches to residents.
09:51, 2013/12/06
AIRM and AIC run concurrently in Danang
More than 200 ASEAN country delegates are attending the 16th ASEAN Insurance Regulators’ Meeting (AIRM) and the 39th ASEAN Insurance Council (AIC) running concurrently in Danang.
11:41, 2013/12/02
Banking sector tops list of 1000 biggest tax payers
Vietnam report 2013 reveals the banking and telecoms sectors remain the greatest tax contributors in this year`s list of 1,000 largest corporate income tax payers in Vietnam (V1000), making up 23.4% and 16.7% respectively of all tax.
11:37, 2013/11/29
Refusal on huge foreign aid stirs up public concerns
The local government of Tien Giang Province has refused a VND4.2 trillion (USD200 million) grant offered by a foreign group because they said it was for infeasible proposals.