Finance - Banking

Interest rates expected to decrease by 0.7 percentage points next year

09:14 | 29/10/2024 Finance-Banking

Việt Nam is expected to continue pursuing a looser monetary policy, with interest rates forecast to decrease by 0.7 percentage points next year.

Agribank named in Top 10 Vietnam Excellent Brands 2024

17:52 | 26/10/2024 Finance-Banking

With the theme "Pioneering in Green Investment", the Vietnam Excellent Brands Program 2024 conducted a survey, evaluated and honored business brands with outstanding achievements in production, business, trade and service activities towards green growth and sustainable development.

Banks show positive results during third quarter

15:36 | 25/10/2024 Finance-Banking

Several banks have recently announced startling business performance results in the third quarter of 2024 and the first nine months of 2024.

Non-bank corporate bonds forecast to recover in year-end months

09:26 | 23/10/2024 Finance-Banking

Prospects for credit growth and exchange rates will create favourable conditions for non-bank corporate bonds to recover in the final months of this year, analysts forecast.

Finance ministry proposes two price management scenarios for year-end

10:11 | 04/11/2024 Finance-Banking

The Ministry of Finance has released two price management scenarios to control inflation until the end of the year.

Banking sector prioritises support for import-export firms

16:35 | 02/11/2024 Finance-Banking

Affordable bank credit has supported businesses in key sectors that drive the country’s economic growth, Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City office, told a conference on October 31.

Smart Banking 2024 workshop and exhibition held

15:32 | 31/10/2024 Finance-Banking

While accelerating digital transformation, ensuring operational safety and information security is a priority. The remark was made by Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks’ Association (VNBA) at the Smart Banking 2024 workshop and exhibition held in Hanoi on October 29.

Banks urged to further reduce capital costs, lending interest rates

11:33 | 21/10/2024 Finance-Banking

(VEN) - According the State Bank of Vietnam’s (SBV) leadership, with the current growth rate and overall economic trends, Vietnam’s 15-percent credit growth target for 2024 is within reach. However, the SBV emphasized that the key is to focus credit growth on boosting the economy, particularly prioritizing support for trading and production activities.

Mandatory transfers announced for CB, OceanBank

09:51 | 21/10/2024 Finance-Banking

In a move to restructure the credit institution system and tackle bad debts, the State Bank of Vietnam (SBV) has announced the mandatory transfer of two major banks.

State bank urges credit growth, consumer lending

16:39 | 19/10/2024 Finance-Banking

The State Bank of Vietnam (SBV) has issued a document requesting banks and credit institutions apply measures to boost consumption and spending.

Asian shares are at their lowest in three weeks

16:18 | 19/10/2024 Stock Market

(VEN) - Asian stock markets fell sharply after a tech sell-off on Wall Street, which raised concerns about the sustainability of artificial intelligence (AI) stocks.

Eximbank denies system risk rumours, confirms stable operations

09:59 | 17/10/2024 Finance-Banking

Eximbank has refuted rumours circulating on social media about an 'urgent petition and reflection' allegedly citing severe risks that could lead to operational insecurity and a potential system collapse at the bank.

Stock market sees notable recovery amid ongoing uncertainties

09:11 | 15/10/2024 Stock Market

The Vietnamese stock market marked a significant turning point after a prior correction phase, with a remarkable recovery in the past trading week.

HCM City to effectively utilise remittance for development

18:17 | 13/10/2024 Finance-Banking

HCM City is focusing more on attracting remittance from overseas Vietnamese into the city’s socio-economic development through many policies, including issuing bonds for infrastructure projects.

PM urges WB to provide concessional loans for key infrastructure projects

08:52 | 11/10/2024 Finance-Banking

Vietnamese Prime Minister Pham Minh Chinh has called for the World Bank (WB)'s continued support and concessional loans targeting key infrastructure projects, including high-speed and urban rail systems, major seaports and airports.

DIC Corp completes buyback of $18.6 million in bonds

09:25 | 10/10/2024 Finance-Banking

Development Investment Construction (DIC Corp) said that it has fully redeemed the bonds it issued in September 2021.

Update on exclusive partnership between Manulife Vietnam and Techcombank

14:52 | 08/10/2024 Finance-Banking

Manulife Vietnam and Techcombank on Monday announced updated information on their exclusive insurance distribution partnership in Việt Nam.

VPBank, LOTTE C&F cooperate to provide financial service with “Buy now pay later” product

09:31 | 07/10/2024 Finance-Banking

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and LOTTE C&F Vietnam Co., Ltd held a ceremony on September 27 for the signing of a MOU on optimising theirs resources, promoting sustainable growth, and bringing flexible, economical and effective consuming finance solutions to LOTTE customers.

Budget revenue from import-export activities up 13.5%

16:29 | 04/10/2024 Finance-Banking

State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.

SSI: Masan to benefit from Vietnamese stock market upgrade

17:11 | 02/10/2024 Stock Market

Masan Group Corporation (HOSE: MSN) is expected to attract significant foreign capital as Việt Nam’s stock market is projected to receive up to US$1.7 billion from exchange-traded funds (ETFs) following its upgrade to emerging market status.

State Bank of Vietnam takes measures to stablise gold market

14:56 | 01/10/2024 Finance-Banking

The State Bank of Vietnam (SBV) is working closely with ministries and local authorities to implement comprehensive strategies to address significant price disparities and stabilise the gold market.

Trước Sau

Latest Most Read

PM arrives in Kunming, beginning activities in China

11:45 | 05/11/2024 News and Events

Việt Nam's active and proactive participation in these mechanisms reflects its commitment to contributing to the common interests of the region, improving sub-regional cooperation effectiveness, and effectively pooling external resources for national development.

Vietnam’s WTO journey: From economic integration to global trade powerhouse

11:01 | 05/11/2024 Economy

Vietnam's signing of the World Trade Organisation (WTO) accession protocol in Geneva on November 7, 2006, and its subsequent entry as the organisation's 150th member on January 11, 2007, marked a pivotal turning point in the nation's development. Over the past 18 years, this membership has strengthened Vietnam’s position in global value chains while demonstrating its strong commitment to international economic integration.

Calligraphy exhibition highlights literary masterpieces

10:53 | 05/11/2024 Culture

The exhibition features 18 writers from all over the country. Each has a different profession, but they all share a love of Vietnamese calligraphy and a desire to spread this passion for art to as many people as possible.

Foreign experts inspect Vietnam’s conditions for stock market upgrade

10:43 | 05/11/2024 Economy

The State Securities Commission (SSC) held a working session with representatives from FTSE Russell and Morgan Stanley in Hanoi on November 4 to examine the upgrade of the Vietnamese stock market.

190 businesses win Vietnam National Brand Award 2024

10:33 | 05/11/2024 Vietnamese Brands

A total of 359 products from 190 businesses were honoured with the National Brand Award 2024 at a ceremony held in Hanoi on November 4 evening.

Vietnam hopes for close cooperation with US: Vice Spokesman

19:29 | 31/10/2024 Policy

Vietnam hopes to cooperate closely with the US administration in the time ahead to continue developing the Comprehensive strategic partnership between the two countries in a strong, comprehensive, stable, and long-term manner, said Vice Spokesman of the Ministry of Foreign Affairs Doan Khac Viet on October 31.

Vietnam sees US as strategically important partner: Deputy PM

19:33 | 31/10/2024 Policy

Vietnam views the US as a strategically important partner and aims to join the US in deepening their comprehensive strategic partnership based on mutual respect for each other's independence, sovereignty, territorial integrity, and political systems, said Deputy Prime Minister Tran Hong Ha.

Vietnamese PM meets with Emir of Qatar in Doha

08:05 | 01/11/2024 News and Events

Vietnamese Prime Minister Pham Minh Chinh met with Emir of Qatar Sheikh Tamim Bin Hamad Al Thani in Doha on October 31 morning (local time) as part of his official visit to Qatar.

Việt Nam demands China release fishermen, opposes military equipment deployment on Hoàng Sa: foreign ministry

08:46 | 01/11/2024 Policy

Việt Nam demands that China immediately release Vietnamese fishing vessels and fishermen that were illegally detained, provide sufficient compensation for any damage, and immediately cease the harassment of Vietnamese fishing vessels and fishermen.

Logistics sector must embrace innovative trends to stay competitive

08:51 | 01/11/2024 Economy

The Vietnamese logistics industry must adapt to new trends and enhance infrastructure to remain globally competitive, speakers said at an event in HCM City on Thursday.

Multimedia

Video Longform Infographic Photo

Delicacy of Hà Nội’s autumn

11:29 | 04/11/2024 Lifestyle

Cốm (young rice) is a delicacy of Hà Nội’s autumn, from which many popular dishes have been created, but it is also being developed in new ways by younger cooks.

Vietnam-Cuba traditional solidarity, special friendship

10:12 | 02/11/2024 Infographic

Vietnam and Cuba continue to engage in regular bilateral contacts and exchanges at various levels, particularly at the highest levels. The robust political and diplomatic relationship has facilitated significant economic and trade cooperation between the two nations. Currently, Vietnam ranks as Cuba's second-largest trade partner in Asia and stands as the largest foreign investor from the Asian region in Cuba.

Vietnam expands FTA network

09:15 | 01/11/2024 Infographic

As of October 2024, Vietnam has signed and implemented 17 Free Trade Agreements (FTAs) and is negotiating two more. Expanding its FTA network underscores Vietnam’s commitment to economic integration, offering substantial opportunities to deepen its role in global value chains, boost exports, drive GDP growth, and enhance institutional frameworks.

Vietnam – Qatar friendship and multifaceted cooperation

09:06 | 31/10/2024 Infographic

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam are paying an official visit to Qatar. This is the first official visit by a Vietnamese Prime Minister to Qatar in 15 years.

Enhancing Vietnam - Saudi Arabia cooperative ties

09:18 | 29/10/2024 Infographic

Prime Minister Pham Minh Chinh and his spouse, along with a high-level delegation from Vietnam, participate in the 8th Future Investment Initiative Conference and pay a working visit to the Kingdom of Saudi Arabia.

Policy

NA deputies call for solutions to ensure the feasibility of drug prevention and control programme

17:33 | 03/11/2024 Policy

Việt Nam faces not only the risk of becoming a transit hub but also the potential of evolving into a production and distribution centre for international drug trafficking.

15th NA’s 8th session to further discuss legislative, inspection work next week

16:58 | 03/11/2024 Policy

The third working week of the 15th National Assembly (NA)’s 8th session will, between November 4 and 9, address several key issues, focusing primarily on legislative and inspection activities.

Developing education, training to serve new era of nation: PM

09:57 | 03/11/2024 Policy

PM Chính said the Party and State consistently pay attention to education and training, which are identified as a leading policy.

Party chief clarifies major issues on new era of nation

16:06 | 01/11/2024 Policy

Prof. Dr. To Lam, General Secretary of the Communist Party of Vietnam (CPV)’s Central Committee on October 31 had a discussion with participants of a training course for officials planned for the 14th Party Central Committee, focusing on a number of issues on a new era – the era of the nation’s rise.

Industry & Trade

Efforts to bring electricity to remote villages of Ha Giang Province

15:15 | 04/11/2024 Energy

The northern province of Ha Giang has complex terrain and a sparsely populated community, which poses many challenges to infrastructure investment, particularly in bringing electricity to remote mountainous villages. However, thanks to the efforts of local authorities and the electricity sector, Ha Giang Province is gradually realising the goal of providing electricity to all highland villages.

Vietnamese F&B industry works to catch up with green consumption trend

17:38 | 03/11/2024 Industry

By promoting the use of green materials and technologies in production, Vietnam will win the world food and beverage market which is switching to the green consumption trend, according to experts.

PM calls for Qatar's support for energy development in Việt Nam

08:56 | 01/11/2024 Energy

The Vietnamese leader made the call at a reception for Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs of Qatar and CEO of Qatar Energy - a state-owned oil and gas corporation in Qatar and one of the world's leading LNG producers.

Efforts made to create breakthrough in Vietnam's automobile industry

09:28 | 31/10/2024 Industry

The automobile industry is expected to be a locomotive that propels the development of other industries. However, after 30 years, it continues to face numerous challenges. After several missed opportunities, many people hope that the new strategy for the development of the automobile industry will provide additional support for a breakthrough.

Investment

Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

16:16 | 04/11/2024 Investment

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Da Nang to invest additional 16 million USD into software park

17:19 | 03/11/2024 Investment

The People's Council of Da Nang city has approved the adjusted pre-feasibility study report for the development of Software Park No 2, proposed by the municipal People's Committee.

PM receives heads of leading investment firm, authority of Qatar

09:07 | 01/11/2024 Investment

Vietnamese Prime Minister Pham Minh Chinh have received leaders of the JTA International Investment Holding and the Qatar Investment Authority (QIA) in Doha as part of his official visit to the Middle Eastern country.

Forum suggests suitable orientations for green development strategy in Lam Dong

15:44 | 31/10/2024 Investment

An investment forum entitled “Lam Dong Green Plateau — Sustainable Green Transformation: Opportunities for Investors” took place in Da Lat City, in the Central Highlands province of Lam Dong, on the afternoon of October 30.

Finance-Banking

Finance ministry proposes two price management scenarios for year-end

10:11 | 04/11/2024 Finance-Banking

The Ministry of Finance has released two price management scenarios to control inflation until the end of the year.

Banking sector prioritises support for import-export firms

16:35 | 02/11/2024 Finance-Banking

Smart Banking 2024 workshop and exhibition held

15:32 | 31/10/2024 Finance-Banking

Interest rates expected to decrease by 0.7 percentage points next year

09:14 | 29/10/2024 Finance-Banking

Việt Nam is expected to continue pursuing a looser monetary policy, with interest rates forecast to decrease by 0.7 percentage points next year.

Environment

More accurate forecasts at all levels needed to reduce coastal disaster risk

15:07 | 04/11/2024 Environment

Establishing different warning levels for natural disaster risks will help minimise damage and overcome the consequences of natural disasters.

Nearly-98-million-USD environment project inaugurated in Ninh Thuan

10:13 | 03/11/2024 Environment

The Phan Rang-Thap Cham city sub-project – part of the Coastal Cities Sustainable Environment Project funded by the World Bank Group was inauguarted in the south-central province of Ninh Thuan on November 2 with improved infrastructure works that can benefit 69,000 local residents.

Northern region to experience first cold weather of this winter

14:30 | 31/10/2024 Environment

A strong cold spell is expected to intensify around next Monday, bringing scattered rain and a likelihood that the northern region will experience its first snap of lower temperatures.

Central Việt Nam prepares for intense rainfall and strong winds

09:33 | 29/10/2024 Environment

The National Centre for Hydro-Meteorological Forecasting has issued a warning for heavy rain across central Việt Nam on Tuesday, particularly from southern Hà Tĩnh to Thừa Thiên-Huế.

Science - Technology

Technology “key” to attract FDI

09:09 | 05/11/2024 Science - Technology

(VEN) - According to Nguyen Van Toan, Vice President of the Association of Foreign Investment Enterprises (VAFIE), apart from environmental factors, technology plays an important role, not only in economic development, but also in the race to attract foreign direct investment.

HCM City partners with Google for Education in digital transformation

14:47 | 04/11/2024 Science - Technology

Tim Paolini, Director of Google for Education for Asia-Pacific and Middle East, had a working session with representatives of the Ho Chi Minh City People’s Committee on November 1 to discuss cooperation orientations for digital transformation in education.

Việt Nam develops 'purely Vietnamese' generative AI

09:45 | 01/11/2024 Science - Technology

Many businesses in Việt Nam have quickly seized the opportunity and boosted investment to master the new technology.

Vietnam’s first semiconductor expo underway in HCM City

09:36 | 01/11/2024 Science - Technology

The 2024 International Exhibition for Integrated Circuit and Semiconductor Industry (SEMICON VIETNAM), the first of its kind in the country, was opened in Ho Chi Minh City on October 31.

Society

VRA proposes over $7.2b for Lào Cai-Hà Nội-Hải Phòng-Quảng Ninh Railway project

09:22 | 05/11/2024 Society

The project aims to meet the growing demand for rail and to maximise the line’s capacity.

Eastern section of $1.23b southern expressway will soon be opened for use

15:03 | 04/11/2024 Society

Construction of the 57.8-km Bến Lức-Long Thành expressway began in 2014, with capital estimated at over VNĐ31.3 trillion (US$1.23 billion).

Vietnam aims to produce innovative medicines

14:53 | 04/11/2024 Society

The Ministry of Health has proposed a policy to encourage the transfer of new and innovative drugs, aiming to create more opportunities for patients.

Railway project connecting Quang Ninh (Vietnam) to China in the pipeline

17:53 | 03/11/2024 Society

The Vietnam Railway Authority has just proposed that the Ministry of Transport appraise and approve the planning of the railway line Lao Cai-Hanoi-Hai Phong- Quang Ninh connecting Vietnam to China.

Vietnamese Brands

190 businesses win Vietnam National Brand Award 2024

10:33 | 05/11/2024 Vietnamese Brands

A total of 359 products from 190 businesses were honoured with the National Brand Award 2024 at a ceremony held in Hanoi on November 4 evening.

Vietnamese AI firms have many chances of development

14:51 | 04/11/2024 Vietnamese Brands

Demand in the domestic market along with a series of new regulations and policies are supporting for the Vietnamese AI start-up community to develop.

Cooperatives play significant role in OCOP product development

14:45 | 04/11/2024 Vietnamese Brands

(VEN) - Vietnam has so far developed over 14,000 3-star or higher-ranking OCOP products. Specifically, 72.1 percent of the products are 3-star, 25.8 percent are 4-star, and 2.1 percent are 5-star or potential 5-star products).

Cơ Tu ethnic’s farm produce debuts in supermarket system

09:08 | 31/10/2024 Vietnamese Brands

Organic farm produce from the Cơ Tu ethnic group in the central province’s Tr’hy commune has been introduced at the Mena Gourmet Market in HCM City, marking a positive move for the community-based sustainable agriculture production among ethnic community in Tây Giang district.

Culture

Calligraphy exhibition highlights literary masterpieces

10:53 | 05/11/2024 Culture

VN int’l fashion week Fall/Winter 2024 prepares to open

11:38 | 04/11/2024 Culture

Sixteen international and Vietnamese fashion designers and brands will display their latest collections at the Aquafina Việt Nam International Fashion Week (AVIFW) Fall/Winter 2024 held in Hà Nội from November 13-16.

Delicacy of Hà Nội’s autumn

11:29 | 04/11/2024 Lifestyle

Cốm (young rice) is a delicacy of Hà Nội’s autumn, from which many popular dishes have been created, but it is also being developed in new ways by younger cooks.

$10-billion national target programme on cultural development officially proposed to parliament

18:02 | 02/11/2024 Culture

By 2030, Việt Nam will work to restore 95 per cent of special national relics (equivalent to about 127 relics) and 70 per cent of national relics (equivalent to about 2,542 relics). The cultural industry is expected to contribute seven per cent to the country's GDP.

Tourism

Time Out lists Vietnam among Top 5 Memorable Christmas Escapes in Asia

10:27 | 05/11/2024 Tourism

British magazine Time Out has unveiled a list of the Top 5 Memorable Christmas Escapes in Asia, with Vietnam and its stunning natural beauty and a distinctive heritage being placed in second position.

Foreign travellers' interest in northern regions still strong after typhoon

14:15 | 04/11/2024 Tourism

Digital travel platform Agoda has recently revealed that traveler interest in key northern regions of Việt Nam has remained encouraging following the damage wrought by Typhoon Yagi, which made landfall on September 7.

Ninh Bình Festival to boost historical heritages of VN’s former capitals

14:10 | 04/11/2024 Tourism

From November 24 to 30 in Ninh Bình City and Hoa Lư District – the former capital of Việt nation from 968 to 1009 - the festival aims to portray glorious historical milestones and 'decode' the cultural values of the ancient capital.

Halal tourism: tackling religious and cultural differences

17:57 | 02/11/2024 Tourism

Developing a domestic Halal industry catered to Muslims has been actively promoted by the Vietnamese Government in recent years. Apart from getting Vietnamese food products to meet halal standards to enter Islamic countries, halal tourism is also a new market that experts say Việt Nam should be exploring.