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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.
10:15, 2013/11/22
Viet Nam gives opportunities for retail banking
Retail banking sees vast potential for development in Viet Nam, according to economic experts and bank leaders at the ASEAN Banker Forum 2013.
15:21, 2013/11/21
70% of overseas remittance were poured into Vietnam
Up to nearly 70% of overseas remittance were poured into Vietnamese production and business in the first nine months of this year, instead of real estate and securities.
08:55, 2013/11/21
HCMC hosts Vietnam CFO Forum 2013
Ho Chi Minh City gave host to the Vietnam CFO Forum 2013 themed “Resilience Strategies in Hard Times” on November 20.
11:32, 2013/11/16
The Governor of SBV suggest restructuring for weak banks
The Governor of the State Bank of Vietnam, Nguyen Van Binh, has reported to the NA on the restructuring process for weak banks in Vietnam.
08:42, 2013/11/01
Debt-ridden Vinashin stops operation
The Ministry of Transport has decided to shut down the troubled Vietnam Shipbuilding Industry Group (Vinashin).
15:26, 2013/10/23
Proposal for different images on Vn. currency faces controversy
The proposal of voters in the southern province of Long An to print images of other national leaders, who made contributions to the country’s independence, on Vietnamese currency, faces controversy.
16:17, 2013/10/18
S. Korean contractor disowns debt of VND44-bililon to Vietnamese firms
South Korean company has refused to pay debts totalling VND44 billion to 39 Vietnamese sub-contractors of the five-star Mariott Hotel project, instead shifting responsibility to the project’s main contractor.
16:07, 2013/10/18
S. Korean contractor disowns debt of VND44-bililon to Vietnamese firms
South Korean company, Hyupjin Vina, has refused to pay debts totalling VND44 billion (USD2.09 million) to 39 Vietnamese sub-contractors of the five-star Mariott Hotel project, instead shifting responsibility to the project’s main contractor, Hyundai Engineering & Construction Company
15:49, 2013/10/11
G-guaranteed bonds issued to help Vinashin
Vietnam will start listing Government-guaranteed bonds at the Singapore Stock Exchange from October 11 to help the troubled Vietnam Shipbuilding Industry Group (Vinashin) repay its creditors.
08:57, 2013/08/06
ABBANK successes in straight-through-processing
The An Binh Commercial Joint Stock Bank (ABBANK) has been awarded the “Bank with straight-through-processing – STP” prize for the first six months of 2013 by Wells Fargo, which is its fifth time to receive such prestigious award.
09:49, 2013/06/30
Vietnam Asset Management Company set up
Governor of the State Bank of Vietnam Nguyen Van Binh has signed a decision to set up the Vietnam Asset Management Company (VAMC), effective from July 9 this year, in a move to resolve bad debts and boost credit growth.
13:59, 2013/05/16
Value of transactions must be reported to the State Bank
On April 18, the Prime Minister issued Decision 20/2013/QD-TTg o­n high value transactions subject to report ("Decision 20").
13:26, 2013/02/07
Reporting of securities transactions
The Ministry of Finance issued Circular No. 13/2013/TT-BTC o­n January 25, containing regulations o­n the supervision of securities transactions.
09:10, 2012/10/28
SBV exchange old banknotes
On September 28 the State Bank of Vietnam announced that they would start collecting the older cotton 10,000 VND and 20,000 VND notes beginning January 1, 2013, as those two notes will be taken out of circulation.
14:33, 2012/07/25
Banks resist order to lower rates
Commercial banks are admitting that progress has been slow in complying with a recent Government order to refinance outstanding loans to enterprises at lower interest rates, a measure designed to help struggling businesses.
08:59, 2012/07/25
Banks resist order to lower rates
Commercial banks are admitting that progress has been slow in complying with a recent Government order to refinance outstanding loans to enterprises at lower interest rates, a measure designed to help struggling businesses.
11:51, 2012/07/23
ATM fees to be investigated
The State Bank of Vietnam will check o­n ATM fees across Vietnam after many commercial banks recently not o­nly increased fees for cross-bank (extranet) services, but also started charging for the usually free intranet transactions.
11:16, 2012/07/02
Banks start cutting long-term deposit rates
The Hanoitimes -  After taking part in a race to offer exorbitant deposit rates a fortnight ago, many banks are now lowering their deposit rates for savings of above 12 months to below 12 percent a year.
09:38, 2012/07/01
Banks hike long-term rates
Small banks have raised interest rates o­n medium- and long-term deposits following a State Bank of Vietnam decision to float these rates beginning June 11 to lure more long-term capital. However, new savings inflows remain limited at these banks.
15:08, 2012/06/30
State Bank to halt all gold lending
The State Bank of Vietnam o­n Monday issued a directive requiring credit institutions to comply with a deadline to halt mobilisation and lending in gold from November.
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