Over 163,000 new stock trader accounts created during March

Over 163,000 new stock trader accounts created during March

More than 163,000 new stock trader accounts were created during March this year, an increase of over 50,000 accounts compared to January, marking March the month with the most accounts created in the last six months, according to the Vietnam Securities Depository and Clearing Corporation (VSDC).
Vietnam attends ASEAN’s policy dialogue on finance, banking

Vietnam attends ASEAN’s policy dialogue on finance, banking

A Vietnamese delegation led by Deputy Governor of the State Bank of Vietnam (SBV) Pham Quang Dung attended a policy dialogue between central bank governors of ASEAN countries and financial institutions' Chief Executive Officers on April 4 in Luang Prabang, Laos.
15 Vietnam banks listed in Brand Finance Banking 500 2024 ranking

15 Vietnam banks listed in Brand Finance Banking 500 2024 ranking

Fifteen Vietnamese banks are named among the world’s top 500 most valuable banking brands this year according to the Brand Finance Banking 500 2024 ranking. In the recently released ranking, Vietcombank is the Vietnamese bank with the highest brand value in 2024. Globally, Vietcombank ranks 133rd, up 4 positions compared to 2023.
Vietnam, Japan promote financial mechanisms in green energy transition projects

Vietnam, Japan promote financial mechanisms in green energy transition projects

Deputy Prime Minister Tran Hong Ha on March 29 emphasised the important role of banks and financial mechanisms in green energy transition projects when he received Managing Director of the Japan Bank of International Cooperation (JBIC) Tanimoto Masayuki in Hanoi.
SBV to increase gold bar supply to stabilise domestic market

SBV to increase gold bar supply to stabilise domestic market

The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.
Banks’ charter capital up,  total asset value down

Banks’ charter capital up, total asset value down

(VEN) - The State Bank of Vietnam’s latest data show that the total charter capital of credit institutions reached more than VND1 quadrillion as of January 31, 2024, an increase of 0.7 percent over the end of 2023. Specifically, state commercial banks reached VND217.882 trillion, equal to the capital they had at the end of 2023; joint-stock commercial banks had VND543.191 trillion, up 0.12 percent from the end of 2023; and joint-venture and foreign banks VND163.165 trillion, the same as that at the end of 2023.
Tax sector

Tax sector's budget revenue increases by nearly 11% in first quarter

The tax sector’s total state budget revenue in the first quarter of 2024 was estimated at 490.2 trillion VND (19.64 billion USD), equal to 33% of the estimate for the year, and 10.9% higher than the figure of the same period last year, the General Department of Taxation announced on April 9.
Optimal, stable interest rate an important driver: Chairman of PVN

Optimal, stable interest rate an important driver: Chairman of PVN

(VEN) - On March 14, Prime Minister Pham Minh Chinh and Deputy Prime Minister Le Minh Khai co-chaired a conference in Hanoi to roll out tasks in monetary policy management, tackling difficulties in production and trade, promoting growth, and stabilizing the macro-economy.
Nearly 20 commercial banks lower deposit rates

Nearly 20 commercial banks lower deposit rates

Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates.
Banks aspire to join billion-dollar profit club

Banks aspire to join billion-dollar profit club

With profits exceeding 20 trillion VND (833 billion USD) in 2023, many banks are eyeing to join the billion-dollar profit club this year.
Digital payments push women-led businesses’ revenue: Visa

Digital payments push women-led businesses’ revenue: Visa

Some 62% of women-led small and medium-sized enterprises and micro-businesses reported increased revenue after adopting digital payments, according to a recent study on small and medium-sized businesses (SMBs) in Vietnam released by Visa, a global leader in digital payments.
Syndicated lending proposed to reduce impacts of loan limit policy

Syndicated lending proposed to reduce impacts of loan limit policy

A new regulation on reducing the loan limit under the amended Law on Credit Institutions will adversely affect capital supply for enterprises so commercial banks should cooperate in providing syndicated loans for businesses, experts said.
Credit expansion crucial to facilitate production, consumption

Credit expansion crucial to facilitate production, consumption

(VEN) - Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has requested the entire banking system to heighten their responsibility to support the people and businesses, and at the same time expand credit to meet production, trading and consumption needs.
Cashless payments surge by over 63%

Cashless payments surge by over 63%

Non-cash payment transactions increased by 63.3% in volume and 41.45% in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.
Da Nang calls for TheCityUK’s support in int’l financial centre building

Da Nang calls for TheCityUK’s support in int’l financial centre building

Standing Vice Chairman of the Da Nang city People's Committee Ho Ky Minh on March 6 called on TheCityUK, the industry-led body representing UK-based financial and related professional services, to coordinate with the Vietnamese central locality in building an international financial centre (IFC) there as soon as possible.
Two-month state budget collection grows 10.4% year on year

Two-month state budget collection grows 10.4% year on year

An estimated 399.4 trillion VND (nearly 16.18 billion USD) was collected for the state budget in the first two months of 2024, equivalent to 23.5% of the year’s target and up 10.4% from a year earlier, the Ministry of Finance reported on March 6.
Banks step up private placements to foreign investors in 2024

Banks step up private placements to foreign investors in 2024

After a quiet year in 2023, many banks will promote stock offering to foreign investors again and some of them may complete the deals this year, analysts forecast.
Australian credit institution supplies funds for Vietnam petroleum firm

Australian credit institution supplies funds for Vietnam petroleum firm

Acuity Funding of Australia will provide finances for eight projects of the Nam Song Hau Trading Investing Petroleum Joint Stock Company (NSH Petro), based in the Mekong Delta province of Hau Giang.
PM urges efforts to upgrade stock market to emerging status

PM urges efforts to upgrade stock market to emerging status

Prime Minister Pham Minh Chinh requested action be boosted to upgrade Vietnam’s stock market from the frontier status to the emerging one in 2025, while chairing a conference in Hanoi on February 28.
Online payment – race of new technologies

Online payment – race of new technologies

The Government’s policy of promoting cashless payment has triggered the spread of online payments in Vietnam as well as the race of new technologies, contributing to boosting the digital economy.
Vietnamese stock market continues strong upward trend

Vietnamese stock market continues strong upward trend

The stock market in Vietnam has begun an upward trend since mid-December 2023 and has experienced almost no interruptions so far, gaining over 130 points, approximately 12%.
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Deputy PM visits Venezuela, aiming to deepen friendship

Deputy PM visits Venezuela, aiming to deepen friendship

Deputy Prime Minister Tran Luu Quang on April 17 paid floral tribute to President Ho Chi Minh at his monument in Caracas capital city, the first activity of his three-day official visit to Venezuela.
Việt Nam earns $1.43b from rice exports in Q1

Việt Nam earns $1.43b from rice exports in Q1

Việt Nam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning US$1.43 billion, an increase of 17.6 per cent in volume and 45.5 per cent in value year on year.
Global suppliers join Beautycare Expo 2024 in Hà Nội

Global suppliers join Beautycare Expo 2024 in Hà Nội

The three-day gathering serves as a pivotal event in the beauty sector, showcasing cutting-edge solutions and technologies from leading nations, and offering a platform for businesses to extend their networks, forge new partnerships and seek international collaborative ventures.
Scrap recycling makes many villagers billionaires but causes pollution

Scrap recycling makes many villagers billionaires but causes pollution

Over the past 30 years, many people in Khoai Village of Văn Lâm District, Hưng Yên Province have rapidly gotten rich, many of them even becoming billionaires, thanks to traveling all over the country buying scrap and recycling.
Decree to facilitate science, technology activities

Decree to facilitate science, technology activities

The Ministry of Science and Technology (MST) is drafting a Government decree that will revise and supplement some articles of the 2014 document on investment and financial mechanisms for scientific and technological activities.
cu chi tunnels open more night tours

Củ Chi Tunnels open more night tours

Củ Chi Tunnels plan to open more night tours after having attracted many tourists since starting night tours in March.
binh dinh a new paradise for sports tourism

Bình Định a new paradise for sports tourism

A series of sports, culture, and tourism events during the 10-day Amazing Bình Định Festival has resulted in a huge number of visitors.
a pilgrimage to find inner peace

A pilgrimage to find inner peace

Địa Tạng Phi Lai Pagoda has become a must-visit site for thousands in the past five years, especially during the Lunar New Year festive season. This spiritual tourism destination charms visitors with its majestic yet serene landscape, tranquillity and unique architectural features.
experts work to have con moong cave recognised by unesco

Experts work to have Con Moong Cave recognised by UNESCO

The cave has been excavated many times and determined to be the oldest site in the country containing traces of ancient humans from the Paleolithic to the Neolithic period, from about 60,000 years to 7,000 BC.
ha noi sees improved performance in hospitality market

Hà Nội sees improved performance in hospitality market

The average room rate increased by 2 per cent quarter on quarter and 11 per cent year on year. Movenpick Hà Nội (four-star) recently resumed its operation after renovation, which supported this increase.
Decree to facilitate science, technology activities

Decree to facilitate science, technology activities

The Ministry of Science and Technology (MST) is drafting a Government decree that will revise and supplement some articles of the 2014 document on investment and financial mechanisms for scientific and technological activities.
SBV to resume gold bar auctioning

SBV to resume gold bar auctioning

The State Bank of Viet Nam (SBV) has finalized necessary procedures to restart auctioning gold bars to increase market supply after an 11-year hiatus.
Gov’t doubles effort to ensure no power cut

Gov’t doubles effort to ensure no power cut

Prime Minister Pham Minh Chinh signed a public telegram on drastic measures to ensure power supply in dry season in 2024 and coming years.
New decrees contribute to perfecting anti-IUU fishing regulations

New decrees contribute to perfecting anti-IUU fishing regulations

The Ministry of Agriculture and Rural Development held a conference in Hanoi on April 11 to popularise new contents in regulations on illegal, unreported and unregulated (IUU) fishing prevention and combat prescribed in newly-issued legal documents.
Garment & textile sector tries to keep growth momentum

Garment & textile sector tries to keep growth momentum

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
French businesses tap potential of green development trends in Vietnam’s construction industry

French businesses tap potential of green development trends in Vietnam’s construction industry

The French Chamber of Commerce and Industry in Vietnam organized "Built to Last" 2024 conference in Ho Chi minh City. The event gathered over 400 guests.
MoIT accelerates 500kV circuit-3 transmission line project

MoIT accelerates 500kV circuit-3 transmission line project

(VEN) - Minister of Industry and Trade Nguyen Hong Dien recently chaired a regular briefing in Hanoi to review the construction progress of the Quang Trach - Pho Noi 500kV circuit-3 transmission line project.
Majority of enterprises forecast positive performance in Q2 2024

Majority of enterprises forecast positive performance in Q2 2024

Despite difficulties forecast for the second quarter of 2024, many enterprises in the processing and manufacturing industry expect their production and business activities in the quarter will improve, according to a recent survey of the General Statistics Office.
Central Highlands provinces seek closer trade, investment ties with India

Central Highlands provinces seek closer trade, investment ties with India

A business and investment conference was held in Dak Lak province’s Buon Ma Thuot city on April 17 with the aim of enhancing connectivity between Indian firms and Central Highlands provinces.
Vietnam ready to ride US investment wave

Vietnam ready to ride US investment wave

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.
Government listens to partners, investors

Government listens to partners, investors

(VEN) - At the recent Prime Minister’s meeting with FDI enterprises and Annual Vietnam Business Forum (VBF) held on March 19, 2024, Prime Minister Pham Minh Chinh committed to creating favorable conditions for domestic and foreign investors with the spirit of “harmonious interests, shared risks.”
Vietnam, Latvia enjoy enormous potential for stronger trade, investment links: Ambassador

Vietnam, Latvia enjoy enormous potential for stronger trade, investment links: Ambassador

With good friendship and mutual trust, Vietnam and Latvia hold enormous potential and room for promoting bilateral trade and investment, particularly in such spheres as information technology, agro-forestry-fisheries, pharmaceutical, wood processing, and labour, a diplomat has said.
SBV to increase gold bar supply to stabilise domestic market

SBV to increase gold bar supply to stabilise domestic market

The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.
Banks’ charter capital up,  total asset value down

Banks’ charter capital up, total asset value down

(VEN) - The State Bank of Vietnam’s latest data show that the total charter capital of credit institutions reached more than VND1 quadrillion as of January 31, 2024, an increase of 0.7 percent over the end of 2023. Specifically, state commercial banks reached VND217.882 trillion, equal to the capital they had at the end of 2023; joint-stock commercial banks had VND543.191 trillion, up 0.12 percent from the end of 2023; and joint-venture and foreign banks VND163.165 trillion, the same as that at the end of 2023.
Tax sector

Tax sector's budget revenue increases by nearly 11% in first quarter

The tax sector’s total state budget revenue in the first quarter of 2024 was estimated at 490.2 trillion VND (19.64 billion USD), equal to 33% of the estimate for the year, and 10.9% higher than the figure of the same period last year, the General Department of Taxation announced on April 9.
Over 163,000 new stock trader accounts created during March

Over 163,000 new stock trader accounts created during March

More than 163,000 new stock trader accounts were created during March this year, an increase of over 50,000 accounts compared to January, marking March the month with the most accounts created in the last six months, according to the Vietnam Securities Depository and Clearing Corporation (VSDC).
Scrap recycling makes many villagers billionaires but causes pollution

Scrap recycling makes many villagers billionaires but causes pollution

Over the past 30 years, many people in Khoai Village of Văn Lâm District, Hưng Yên Province have rapidly gotten rich, many of them even becoming billionaires, thanks to traveling all over the country buying scrap and recycling.
Non-plastic-waste, green tourism enhanced

Non-plastic-waste, green tourism enhanced

(VEN) - Many localities and tourism service providers are promoting responsible tourism, with no plastic waste and minimal emissions. This initiative aims to concretize Vietnam’s commitment “Tourism sector joining hands to reduce plastic waste.”
Eight coastal localities get more support in forestry modernisation

Eight coastal localities get more support in forestry modernisation

The 4,040 hectares of forests planted and restored in the first phase of the World Bank (WB)-funded Forest Sector Modernisation and Coastal Resilience Enhancement Project will receive further care, as Prime Minister Phạm Minh Chính has issued a decision on the adjustment of the project investment, an official has said.
Cô Tô calls for actions to prevent plastic pollution in tourism activities

Cô Tô calls for actions to prevent plastic pollution in tourism activities

Authorities have requested local accommodations and tourism businesses to increase the use of environment-friendly and recycled products
Vietnam targets all transport means run on green energy by 2050

Vietnam targets all transport means run on green energy by 2050

Vietnam aims to bring net greenhouse gas emissions to zero by 2050, so ideally all means of transport will use green energy. For the country, green transportation was also an urgent requirement to build green and smart cities, experts have said.
Vietnam boasts great potential for developing data centres

Vietnam boasts great potential for developing data centres

Data centres are expected to play a crucial role in supporting Vietnam's digital transformation, so despite the fact that the centre are in the nascent stage, many foreign investors anticipate effective investment-attraction policies soon to meet demand.
Special policies needed to develop semiconductor industry

Special policies needed to develop semiconductor industry

(VEN) - According to Gartner, a leading global technology consulting and research company, the global semiconductor industry is projected to generate over US$620 billion in revenue in 2024 and US$1 trillion by 2030. This industry is considered a core part of the technological competition among nations in the 21st century.
Game design degrees expected to boost industry growth

Game design degrees expected to boost industry growth

With the emergence of university-level courses focusing solely on the gaming industry in recent years, Vietnam is looking forward to a growth boost in the industry for digital economy development in the near future.
Lao Cai seeks solutions for mining, hydroelectric enterprises

Lao Cai seeks solutions for mining, hydroelectric enterprises

(VEN) - The Lao Cai Provincial People’s Committee recently organized a conference on solving difficulties for industrial enterprises during operation in the province. The event was attended by more than 40 mining and mineral processing, and hydroelectric businesses.
Vietnam, Australia vow to strengthen climate, energy cooperation

Vietnam, Australia vow to strengthen climate, energy cooperation

Vietnam and Australia on April 16 vowed to strengthen climate and energy cooperation to achieve emissions reduction targets and promote sustainability in the region at the Australia-Vietnam Green Economy Summit.
Detailed development plans for nationwide airport system to be completed before 2025

Detailed development plans for nationwide airport system to be completed before 2025

The detailed development plans for 14 international and 16 domestic airports nationwide will be completed before 2025, according to a new proposal by the Ministry of Transport (MoT).
HCM City boosts partnership with foreign NGOs

HCM City boosts partnership with foreign NGOs

The Ho Chi Minh City Union of Friendship Organisations (HUFO) in coordination with the city's working group for foreign non-governmental organisations (NGOs) held an annual conference with foreign NGOs on April 12 to discuss cooperation orientations for the coming time.
Made-in-Vietnam wind turbine towers bound for RoK

Made-in-Vietnam wind turbine towers bound for RoK

This batch of turbine towers is part of a supply contract between CS Wind and Siemens Gamesa Renewable Energy (Siemens Gamesa).
Bách Hóa Xanh sells 5 percent stake to Chinese partner

Bách Hóa Xanh sells 5 percent stake to Chinese partner

The value of the deal was not disclosed, but it mentioned that the funds would be utilised for operational activities and business expansion.
Vietnam Airlines to launch direct flights from Hanoi, HCM City to Manila

Vietnam Airlines to launch direct flights from Hanoi, HCM City to Manila

Vietnam Airlines is scheduled to launch direct flights from Hanoi and Ho Chi Minh City to Manila, the Philippines, from June 17.
Military Insurance targets top four spot in non-life insurance market for 2024

Military Insurance targets top four spot in non-life insurance market for 2024

Military Insurance Corporation (MIC) targets to secure a position among the top four non-life insurance markets in 2024, achieving a 33 per cent growth in insurance revenue, a 25 per cent growth in profit compared to 2023, and maintaining a minimum dividend ratio of 10 per cent.
MCST reports on national culture, sport and tourism activities in Q1, looks to Q2

MCST reports on national culture, sport and tourism activities in Q1, looks to Q2

The ministry also mapped out its preparation to build scientific records to submit to UNESCO for the intangible cultural heritages of Mo Mường (Hòa Bình Province), traditional martial arts (Bình Định Province), and traditional opera of chèo of the Northern Delta (Thái Bình Province).
Đom Lơng Néak Tà Festival recognised as National Intangible Cultural Heritage

Đom Lơng Néak Tà Festival recognised as National Intangible Cultural Heritage

Khmer people organise the Đom Lơng Néak Tà Festival at Néak Tà temples to worship Néak Tà, the god of protection for rain, good crops, health and peace.
Female artists tell stories in strokes

Female artists tell stories in strokes

The exhibition entitled HerStory: Women in Art features 12 paintings and four sculptures by Nguyễn Thị Hoà, Cristina González, Mai Minh Hằng, Nguyễn Thị Thanh Lưu, Nguyễn Thị Thu Hiền and Alix Aymé.
Vietnamese bread tops TasteAtlas world

Vietnamese bread tops TasteAtlas world's 100 tastiest sandwiches rankings

Bread was first made popular in Việt Nam by the French since 1859, but a source from the HCM City’s Tourism Department said it could have been present in the country earlier than that, through trade and commerce with Europeans.
Ha Giang develops tourism  pertaining to cultural conservation

Ha Giang develops tourism pertaining to cultural conservation

(VEN) - The mountainous province of Ha Giang in the northernmost part of Vietnam has become an ideal destination attracting a large number of domestic and foreign visitors.
Củ Chi Tunnels open more night tours

Củ Chi Tunnels open more night tours

Củ Chi Tunnels plan to open more night tours after having attracted many tourists since starting night tours in March.
Bình Định a new paradise for sports tourism

Bình Định a new paradise for sports tourism

A series of sports, culture, and tourism events during the 10-day Amazing Bình Định Festival has resulted in a huge number of visitors.
Sun Group

Sun Group's journey helps promote Da Nang's culinary essence globally

Following Hanoi and HCM City, Da Nang will be the third city to be awarded the "rising star" status by the Michelin Guide, with the partnership of Sun Group as the destination partner.
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