VND30-trillion credit package for forestry, fisheries businesses
06:00 | 30/04/2024 Finance-Banking
(VEN) - Following the Government’s guidelines, the State Bank of Vietnam (SBV) has assigned commercial banks to realizing a VND30-trillion preferential credit program for forestry and fisheries sectors in order to help them maintain their leading positions as billions-of-US-dollars export revenue earners.
SBV takes more actions to stabilise foreign exchange rates
09:35 | 28/04/2024 Finance-Banking
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Businesses concerned about rising exchange rate pressure
08:15 | 26/04/2024 Finance-Banking
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
09:00 | 24/04/2024 Finance-Banking
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
MoF refuses to cut import tax for some materials of animal feed production
09:36 | 07/05/2024 Finance-Banking
The Ministry of Finance has refused to reduce import tax rates for some crucial materials of animal feed production as proposed by Bến Tre Province's voters.
Government proposes extending VAT cut until year end
09:10 | 05/05/2024 Finance-Banking
The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.
Stock market upgrade to help Vietnam lure another 10 bln USD in investment
09:23 | 03/05/2024 Stock Market
The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).
Commercial banks raise deposit rates
10:18 | 21/04/2024 Finance-Banking
VPBank, Bắc Á Bank and GPBank raised deposit interest rates this morning for deposits with terms within 1-5 months, marking the commercial banks' first deposit rates increase since the end of March.
Overseas remittances to HCM City record highest increase in three years
14:51 | 19/04/2024 Finance-Banking
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
SBV to increase gold bar supply to stabilise domestic market
09:18 | 16/04/2024 Finance-Banking
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
06:00 | 14/04/2024 Finance-Banking
(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's budget revenue increases by nearly 11% in first quarter
09:44 | 12/04/2024 Finance-Banking
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
08:48 | 09/04/2024 Stock Market
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
09:02 | 07/04/2024 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
09:14 | 04/04/2024 Finance-Banking
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
10:02 | 01/04/2024 Finance-Banking
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.
Optimal, stable interest rate an important driver: Chairman of PVN
06:00 | 30/03/2024 Finance-Banking
(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
09:21 | 26/03/2024 Finance-Banking
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
09:05 | 24/03/2024 Finance-Banking
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
10:14 | 21/03/2024 Finance-Banking
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
08:12 | 18/03/2024 Finance-Banking
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.
Trước Sau
Latest
Most Read
“The Road to Dien Bien Phu” full of emotion
14:59 | 07/05/2024 Lifestyle
(VEN) - To mark the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), the Vietnam Fine Arts Museum held the “The Road to Dien Bien Phu” exhibition to introduce 70 outstanding artworks, such as paintings, graphics, sculptures, sketches, and posters by 34 authors produced between 1949 and 2009.
IC development challenges Dong Nai Province
14:00 | 07/05/2024 Industry promotion
(VEN) - Under the plan, the southeastern province of Dong Nai will have 27 industrial clusters (ICs) with a total area of almost 1,500 hectares in the 2021-2025 period. However, only four of the 27 ICs have had their infrastructure projects accomplished as of the end of 2023, while the rest are still under investment procedure handling and site clearance.
Vietnam, France agree to strengthen their strategic partnership
11:21 | 07/05/2024 Vietnam and EU
French Minister of the Armed Forces Sébastien Lecornu's visit "holds significant importance in strengthening the Việt Nam-France Strategic Partnership and reaffirms their commitment to leaving the past behind and moving forward".
PM offers incense to fallen soldiers in Điện Biên Phủ
09:51 | 07/05/2024 News and Events
Prime Minister Phạm Minh Chính offered incense to heroes and martyrs at the A1 cemetery in Điện Biên Phủ city, the northern province of Dien Bien on May 6, on the occasion of the 70th anniversary of the Điện Biên Phủ Victory (May 7).
MoF refuses to cut import tax for some materials of animal feed production
09:36 | 07/05/2024 Finance-Banking
The Ministry of Finance has refused to reduce import tax rates for some crucial materials of animal feed production as proposed by Bến Tre Province's voters.
Multimedia
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
Many tourism businesses still have insufficient and incorrect understanding of these principles so the implementation of green tourism within the Vietnamese business community is still limited.
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
According to the organisers of the film festival, the works of the Vietnamese French director and scriptwriter, who won the Best Director Award at the 76th Cannes Film Festival in 2023 for The Taste of Things, blend the expressions of Eastern and Western cultures, with sensitivity, delicacy, and a romantic style.
HCM City achieves $127 million in tourism revenue over five-day holiday
06:00 | 04/05/2024 Tourism
HCM City’s tourism revenue is estimated at more than VNĐ3.23 trillion (US$127 million) during the five-day holiday celebrating Reunification Day from April 27-May 1, according to the city Department of Tourism.
Optimising UNESCO titles for national development
06:00 | 04/05/2024 Lifestyle
With 65 UNESCO titles spanning all the 63 cities and provinces, Việt Nam contributes to enriching, protecting, and promoting the cultural treasures of humanity. This helps international friends better understand the country, its people, traditions, and history.
7 places that are worth a visit in Điện Biên
06:00 | 05/05/2024 Tourism
Here are seven recommended places for those who intend to visit the province.
Decree fosters industrial cluster development
06:00 | 07/05/2024 Policy
(VEN) - The Government has recently issued Decree 32/2024/ND-CP (Decree 32) on the management and development of industrial clusters (ICs), creating a more favorable mechanism for IC development.
Decree regulates conditions for cars from abroad to Việt Nam
06:00 | 06/05/2024 Policy
HÀ NỘI — Foreign drivers using their vehicles in Việt Nam must complete a stringent set of procedures through a recognised travel company before they enter the country.
Fresh policies come into effect in May 2024
06:00 | 03/05/2024 Policy
New policies regarding standards for civil servants holding leadership and management positions, management and development of industrial clusters, transportation of dangerous goods, and penalties in fishing sector shall come into effect this May.
Employment Law to be revised for better assurance of employees’ interests
10:53 | 01/05/2024 Policy
The Ministry of Labor, Invalids and Social Affairs (MOLISA) has recently released the latest draft of the amended Law on Employment with several significant changes.
IC development challenges Dong Nai Province
14:00 | 07/05/2024 Industry promotion
(VEN) - Under the plan, the southeastern province of Dong Nai will have 27 industrial clusters (ICs) with a total area of almost 1,500 hectares in the 2021-2025 period. However, only four of the 27 ICs have had their infrastructure projects accomplished as of the end of 2023, while the rest are still under investment procedure handling and site clearance.
Textile and garment businesses face difficulties due to lack of domestic supply
05:00 | 07/05/2024 Industry
HÀ NỘI — The textile and garment industry has long faced an imbalance between production stages.
Automobile industry reported strong sales in Q1
06:00 | 05/05/2024 Industry
HÀ NỘI — April 2024 marks the second consecutive month the automobile industry reported significant growth since the beginning of the year, according to a report by the General Statistics Office of Vietnam (GSO).
DPPA boots renewable energy, competitive electricity market
15:06 | 03/05/2024 Energy
(VEN) - A direct power purchase agreement (DPPA) will help attract investment in the development of renewable energy and a competitive retail electricity market.
Foreign, domestic investment in Ba Ria - Vung Tau rises sharply
09:22 | 07/05/2024 FDI
Foreign and domestic investment in the southern province of Ba Ria - Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier.
Foreign investors encouraged to invest in petroleum storage infrastructure
08:27 | 05/05/2024 Investment
The Vietnamese Government has given green light to foreign investors to invest in developing oil and gas storage and supply infrastructure system, but they cannot participate in distributing, importing and exporting petroleum.
Cambodian media values Vietnam's foreign investment attraction
09:50 | 03/05/2024 Investment
The SBM NEWS website of Cambodia has published an article praising Vietnam's ability to attract foreign investment, especially in the northeastern province of Quang Ninh.
Thai Binh province rolls out red carpet for Dutch businesses
10:45 | 30/04/2024 FDI
The northern province of Thai Binh always accompanies and creates the best conditions for enterprises, including those from the Netherlands to invest in and run long-term and effective business in the locality, Secretary of the provincial Party Committee Ngo Dong Hai has affirmed.
MoF refuses to cut import tax for some materials of animal feed production
09:36 | 07/05/2024 Finance-Banking
The Ministry of Finance has refused to reduce import tax rates for some crucial materials of animal feed production as proposed by Bến Tre Province's voters.
Government proposes extending VAT cut until year end
09:10 | 05/05/2024 Finance-Banking
The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.
Stock market upgrade to help Vietnam lure another 10 bln USD in investment
09:23 | 03/05/2024 Stock Market
The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).
VND30-trillion credit package for forestry, fisheries businesses
06:00 | 30/04/2024 Finance-Banking
(VEN) - Following the Government’s guidelines, the State Bank of Vietnam (SBV) has assigned commercial banks to realizing a VND30-trillion preferential credit program for forestry and fisheries sectors in order to help them maintain their leading positions as billions-of-US-dollars export revenue earners.
Is it possible to deny collection for waste unsorted at source?
06:00 | 07/05/2024 Environment
Unsorted waste could be denied collection, per a draft document proposed by the Ministry of Natural Resources and Environment.
PM asks for effective preventive solutions against forest fires
06:00 | 05/05/2024 Environment
HÀ NỘI — Prime Minister Phạm Minh Chính has issued an official dispatch, requesting ministries, sectors, and localities to continue vigorously and effectively implementing fire prevention and control measures nationwide amid hot weather across the country.
Heat records broken, more hot weather forecast for May
06:00 | 04/05/2024 Environment
HÀ NỘI — April saw 112 heat records as the country baked in sweltering weather, with many places breaking temperature records set over a decade ago.
Vietnam faces climate change challenges
06:00 | 02/05/2024 Environment
(VEN) - Without appropriate adaptation and mitigation measures, it is estimated that climate change could cause Vietnam to suffer losses of approximately 12-14.5 percent of gross domestic product (GDP) annually by 2050, triple the losses in 2020, 3.2 percent of GDP or around US$10 billion.
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
The 4th edition of VinFuture Prize, an annual international award that honours remarkable scientific breakthroughs and promotes innovations for humankind, has officially closed its nomination portal with a record of 1,469 submissions.
HCM City: Centre for Fourth Industrial Revolution to debut in September
06:00 | 05/05/2024 Science - Technology
A centre for the Fourth Industrial Revolution (C4IR) in Ho Chi Minh City is scheduled to be officially launched in September, with a mission to be Vietnam’s top facility in advising national industrial policies, piloting their implementation in the southern metropolis, and promoting economic transformation in the revolution.
Vietnam’s digital products to go global
06:00 | 04/05/2024 Science - Technology
(VEN) - Vietnamese digital technology businesses have made great strides in development, as more digital application products have been created. In addition to the domestic market, the state needs to support them to bring Make-in-Vietnam digital products and services to the world.
Digital transformation events for banking sector slated for May
06:00 | 03/05/2024 Science - Technology
The State Bank of Vietnam (SBV) announced a series of events focusing on digital transformation in the banking sector, scheduled for May 8 in Hanoi.
Điện Biên Phủ Victory shows strength of intelligence, public consensus: Officer
06:00 | 07/05/2024 Society
The Điện Biên Phủ (May 7, 1954) was not only a victory of the strength of intelligence and public consensus but also contributed to the end of the resistance war against the French colonialists of the Vietnamese army and people.
HCM City works to put Metro Line No. 1 into operation soon
06:00 | 06/05/2024 Society
Ho Chi Minh City's Metro Line No. 1 (Ben Thanh–Suoi Tien) is close to the finish line but is facing some difficulties, thus the local administration and the investor are making efforts to remove obstacles so that the it can start commercial operation soon.
Online administrative procedures to be processed on one app only from July 1
08:49 | 04/05/2024 Society
HÀ NỘI — Deputy Prime Minister Trần Lưu Quang has asked relevant ministries and localities to use the Vietnam Electronic Identification (VNeID) as the only app in administrative procedure performance from July 1, 2024 to save time and costs.
Over 61,000 people visit President Ho Chi Minh mausoleum on national holidays
11:02 | 02/05/2024 Society
More than 61,000 people, including 3,919 foreigners, paid tribute to President Ho Chi Minh at his mausoleum in Hanoi during the five-day National Reunification (April 30) and May Day (May 1) holidays, starting from April 27.
Habeco, northern beer Industry icon, reports largest quarterly loss in four years
06:00 | 07/05/2024 Vietnamese Brands
Habeco's leaders attributed the negative profits to a decrease in financial revenue caused by lower deposit interest rates, resulting in a 16 per cent decline to nearly VNĐ38 billion.
PV Gas unions launch book donation program
14:00 | 06/05/2024 Companies
(VEN) - On the occasion of the 10th anniversary of the Vietnam Book and Reading Culture Day (April 21, 2014 - 2024), to honor the value of books and promote reading culture among students at primary schools, the Trade Union and Youth Union organizations of Petrovietnam Gas Joint Stock Corporation (PV GAS) launched a book donation program with the theme “Donating a book, giving a future.”
Vietnam Airlines reports profit in H1
06:00 | 05/05/2024 Vietnamese Brands
Vietnam Airlines (VNA) reported after-tax profit of VNĐ4.44 trillion (US$173.19 million) in Quarter 1 as it is strengthening its international flights and restructuring.
Phenikaa targets to train over 8,000 semiconductor chip design engineers by 2030
06:00 | 04/05/2024 Vietnamese Brands
The Phenikaa Semiconductor Training Centre will conduct research and training activities in IC design, semiconductors, technology transfer, international cooperation, resource mobilisation, and collaboration and cooperation with domestic and foreign partners to promote research and training activities on semiconductor chip design.
“The Road to Dien Bien Phu” full of emotion
14:59 | 07/05/2024 Lifestyle
(VEN) - To mark the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), the Vietnam Fine Arts Museum held the “The Road to Dien Bien Phu” exhibition to introduce 70 outstanding artworks, such as paintings, graphics, sculptures, sketches, and posters by 34 authors produced between 1949 and 2009.
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
According to the organisers of the film festival, the works of the Vietnamese French director and scriptwriter, who won the Best Director Award at the 76th Cannes Film Festival in 2023 for The Taste of Things, blend the expressions of Eastern and Western cultures, with sensitivity, delicacy, and a romantic style.
HCM City launches international photo contest
06:00 | 05/05/2024 Lifestyle
Vietnamese and foreign photographers, both amateurs and professionals, are encouraged to take part in the third HCM City International Photography Contest.
Optimising UNESCO titles for national development
06:00 | 04/05/2024 Lifestyle
With 65 UNESCO titles spanning all the 63 cities and provinces, Việt Nam contributes to enriching, protecting, and promoting the cultural treasures of humanity. This helps international friends better understand the country, its people, traditions, and history.
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
Many tourism businesses still have insufficient and incorrect understanding of these principles so the implementation of green tourism within the Vietnamese business community is still limited.
7 places that are worth a visit in Điện Biên
06:00 | 05/05/2024 Tourism
Here are seven recommended places for those who intend to visit the province.
HCM City achieves $127 million in tourism revenue over five-day holiday
06:00 | 04/05/2024 Tourism
HCM City’s tourism revenue is estimated at more than VNĐ3.23 trillion (US$127 million) during the five-day holiday celebrating Reunification Day from April 27-May 1, according to the city Department of Tourism.
Lang Son Geopark well-prepared for global recognition
06:00 | 03/05/2024 Tourism
(VEN) - Currently, Lang Son Provincial People’s Committee has completed the criteria for infrastructure and landscape of Lang Son Geopark to submit to UNESCO for global recognition as a Global Geopark in early 2025.