Better legal framework for green credit needed

Better legal framework for green credit needed

(VEN) - Due to the urgent market demand, many businesses desperately need green credit for transformation to green production. Commercial banks have also been actively participating in this playground. However, the biggest barrier today is the lack of legal framework to enable strong green credit flows.
Borrowers struggle to benefit from new lending policy

Borrowers struggle to benefit from new lending policy

Borrowers are finding it challenging to obtain new loans from banks to settle their existing debts at a different bank, despite the recent implementation of a regulation permitting debt transfer.
State bank mobilises 409 million USD from T-bill issuance

State bank mobilises 409 million USD from T-bill issuance

The State Bank of Vietnam (SBV) on September 25 continued to issue 10 trillion VND (over 409 million USD) worth of treasury bills (T-bills) with a term of 28 days through the interest rate auction mechanism.
Deputy PM receives General Manager of Bank for International Settlements

Deputy PM receives General Manager of Bank for International Settlements

Deputy Prime Minister Le Minh Khai received General Manager of the Bank for International Settlements (BIS) Agustin Carstens in Hanoi on September 22.
SMEs entitled to loans at preferential interest rate of 1.2% per year

SMEs entitled to loans at preferential interest rate of 1.2% per year

Firms can borrow from the Small- and Medium-sized Enterprise (SME) Development Fund with a short-term interest rate of 1.2% per year and a long-term interest rate of 4.4% per year, effective from October 4, 2023, the Ministry of Planning and Investment announced.
Big data essential to ensure continuous operations of banking industry

Big data essential to ensure continuous operations of banking industry

Data security is an important issue in ensuring continuous operations, and is considered a vital factor for banks. The Smart Banking Summit 2023 was organised by the Vietnam Banks Association (VNBA) in collaboration with IEC Group, under the professional sponsorship of the State Bank of Vietnam (SBV), in Hanoi on October 6.
Budget revenue from taxes hits 76 percent of yearly estimate

Budget revenue from taxes hits 76 percent of yearly estimate

The tax sector collected more than 1,048 trillion VND (nearly 43 billion USD) for the State budget in the first nine months of 2023, equivalent to 76.3% of the estimate for the whole year and 94.9% compared to the figure in the same period last year, the General Department of Taxation reported on October 4.
Transferring 10 million VND may require biometric authentication

Transferring 10 million VND may require biometric authentication

It is expected that biometric authentication such as fingerprint, iris, or facial recognition will be mandatory for money transfers exceeding the minimum level, possibly starting from 10 million VND (410.93 USD), said Deputy Head of the State Bank of Vietnam (SBV)’s Payment Department Le Anh Dung at a September 19 seminar on protecting bank accounts from increasing online fraud risks.
Banks lower deposit interest rates to COVID-19 levels

Banks lower deposit interest rates to COVID-19 levels

Two more State-run commercial banks, Vietinbank and BIDV, on September 19 lowered their deposit interest rates matching the lowest level recorded during the COVID-19 pandemic.
Banks start procedures to pay dividends until year-end

Banks start procedures to pay dividends until year-end

Many banks are starting procedures to pay dividends to shareholders from now until the end of the year.
State budget revenue tops 70% of year

State budget revenue tops 70% of year's estimate in eight months

The total State budget revenue in the first eight months of this year topped 962 trillion VND (nearly 40 billion USD), equivalent to 70.1% of the estimate for the whole of this year and 93.9% compared to the figure in the same period last year, the General Department of Taxation reported on September 11.
Green credit balance accounts for about 4.2% of total: Central bank

Green credit balance accounts for about 4.2% of total: Central bank

Vietnam’s green credit balance accounted for about 4.2% of the economy’s total credit balance by June 30, 2023, according to the State Bank of Vietnam (SBV).
Banks join in promoting green credit

Banks join in promoting green credit

Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
SBV operates monetary policy towards international standards

SBV operates monetary policy towards international standards

(VEN) - Modernizing the operation of monetary policy closer to international standards and practices has always been identified by the State Bank of Vietnam (SBV) as a key and prioritized task amid the challenges and pressures from the world economic context.
Over 1 billion USD of tax arrears collected

Over 1 billion USD of tax arrears collected

As of the end of July, the tax sector collected a total of 25.608 trillion VND (1.06 billion USD) in tax arrears, reported the General Department of Taxation.
Central bank joins regional payment connectivity expansion

Central bank joins regional payment connectivity expansion

The State Bank of Vietnam (SBV), has officially joined the Regional Payment Connectivity (RPC) initiative.
Credit directed to prioritized areas, growth momentums

Credit directed to prioritized areas, growth momentums

(VEN) - According to economic experts, in the coming time, the banking sector needs to direct credit to five prioritized areas including export, agriculture, high technology, small- and medium-sized enterprises, and supporting industries.
Korean investors turn into net buyers of Vietnamese stocks

Korean investors turn into net buyers of Vietnamese stocks

Investors of the Republic of Korea (RoK) were net buyers of stocks in Vietnam, at 9.1 million USD, in the first 11 days of August, over four times higher than the net buying of 2.12 million USD in July, according to the Korea Securities Depository (KSD).
Da Nang promotes non-cash payment in tourism

Da Nang promotes non-cash payment in tourism

The central beach city of Da Nang has promoted non-cash payment, particularly in tourism areas and market system, making things more convenient for the locals and visitors.
Tax watchdog to better manage performance of foreign service providers

Tax watchdog to better manage performance of foreign service providers

The General Department of Taxation under the Ministry of Finance said it will work harder to better its tax management over foreign service providers to avert losses to the State budget.
State budget collection tops 1 quadrillion VND in 7 months

State budget collection tops 1 quadrillion VND in 7 months

The total revenue to the State budget between January and July exceeded 1.01 quadrillion VND (42.53 billion USD), equaling 62.7% of the yearly estimate and dropping by 7.8% from the same period last year.
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Nam Dinh Province boosts IC development

Nam Dinh Province boosts IC development

(VEN) - In order to meet the needs for production sites of industrial enterprises, in 2024, the Nam Dinh Provincial Department of Industry and Trade will mobilize resources to develop infrastructure and attract investment in industrial clusters (ICs) across the province.
The craft of cooking sticky rice recognised as national heritages

The craft of cooking sticky rice recognised as national heritages

Phú Thượng, formally known as Gạ Village, is famous for its flavoursome, delicious steamed sticky rice.
Ninh Thuận approves zoning map, restricting groundwater exploitation in coastal areas

Ninh Thuận approves zoning map, restricting groundwater exploitation in coastal areas

The People’s Committee of Ninh Thuận Province has approved a list and zoning map, restricting groundwater exploitation in coastal areas, covering a total area of more than 367sq.m, with 388 restricted areas in 46 communes and wards.
HCM City affirms role as pillar of Việt Nam’s tourism industry

HCM City affirms role as pillar of Việt Nam’s tourism industry

As a hub of tourism linking with numerous provinces and cities, HCM City’s robust acceleration of tourism has positively impacted the overall development of localities in the southeastern region and beyond.
Vietnamese Government ranked 39th in AI readiness Report

Vietnamese Government ranked 39th in AI readiness Report

The Vietnamese Government ranked 39th out of 193 countries in terms of artificial intelligence (AI) readiness on a 2023 report by the UK-based Oxford Insights.
hcm city affirms role as pillar of viet nams tourism industry

HCM City affirms role as pillar of Việt Nam’s tourism industry

As a hub of tourism linking with numerous provinces and cities, HCM City’s robust acceleration of tourism has positively impacted the overall development of localities in the southeastern region and beyond.
vinh long ceramic tile industry to be enhanced

Vĩnh Long ceramic tile industry to be enhanced

The province has been widely promoting the image of ceramic tile products through a series of events: the Việt Nam Agricultural Product Festival Vĩnh Long 2023, the Vĩnh Long Tourism Festival 2023, and the Ceramic and Spring Flower Road 2024.
hcm city mekong delta welcome millions of visitors in tet

HCM City, Mekong Delta welcome millions of visitors in Tết

HCM City received 1.8 million visitors during the Tết (Lunar New Year) holiday from February 8-14, up 5.9 per cent year-on-year, according to the city Department of Tourism.
lantern festival to light up the citys district 5

Lantern festival to light up the City's District 5

The Tết Nguyên Tiêu (Lantern Festival) will be held on February 24, or the 15th day of the first month of the lunar calendar, in Chợ Lớn (Big Market) in HCM City’s District 5.
the craft of cooking sticky rice recognised as national heritages

The craft of cooking sticky rice recognised as national heritages

Phú Thượng, formally known as Gạ Village, is famous for its flavoursome, delicious steamed sticky rice.
PM requests expansion of visa exemption policy to more countries

PM requests expansion of visa exemption policy to more countries

Prime Minister Pham Minh Chinh has requested the Ministry of Public Security (MPS) consider expanding the coverage of the visa exemption policy.
General Department of Taxation reviews draft regulations on loan interest expense cap

General Department of Taxation reviews draft regulations on loan interest expense cap

The General Department of Taxation (GDT) is seeking solutions to amend the loan interest expense cap regulation at 30 per cent to solve difficulties for businesses in the context of high interest rates in the period 2022-23.
Two newly-adopted laws announced

Two newly-adopted laws announced

The Presidential Office held a press conference on February 19 to announce the President’s order announcing two laws that were approved by the 15th National Assembly during its fifth extraordinary session, namely the Land Law (revised) and the Law on Credit Institutions (revised).
PM Chính instructs action for stock market upgrade

PM Chính instructs action for stock market upgrade

Prime Minister Phạm Minh Chính has instructed the Ministry of Finance, State Bank of Vietnam and the Ministry of Planning and Investment to address obstacles in relevant sectors for upgrading the stock market from frontier to emerging status.
Nam Dinh Province boosts IC development

Nam Dinh Province boosts IC development

(VEN) - In order to meet the needs for production sites of industrial enterprises, in 2024, the Nam Dinh Provincial Department of Industry and Trade will mobilize resources to develop infrastructure and attract investment in industrial clusters (ICs) across the province.
Major solutions to improving industry promotion

Major solutions to improving industry promotion

(VEN) - Minister of Industry and Trade Nguyen Hong Dien has given directions related to five groups of solutions and tasks to develop industry promotion activities in the near future.
MoIT implements the Hydrogen Energy Strategy

MoIT implements the Hydrogen Energy Strategy

The Ministry of Industry and Trade (MoIT) held a conference to deploy Việt Nam's hydrogen energy development strategy to 2030, vision to 2050 in Hà Nội on Thursday.
Support policies needed to develop green hydrogen

Support policies needed to develop green hydrogen

The Government should implement support policies to ensure the development and competitiveness of clean hydrogen sources in the country.
Quang Ninh

Quang Ninh's FDI attraction hits 478 million USD in January

The northern province of Quang Ninh attracted eight foreign direct investment (FDI) projects with registered capital totaling 478 million USD in January.
Mekong Delta works to advance renewable energy development

Mekong Delta works to advance renewable energy development

Many localities in the Mekong Delta region are focusing on attracting investment and developing renewable energy projects, helping to solve energy security issues and driving socio-economic breakthroughs in the region.
Vietnam dangles chip incentives to draw foreign companies: Nikkei Asia

Vietnam dangles chip incentives to draw foreign companies: Nikkei Asia

Vietnam has pledged tax breaks and other perks to semiconductor companies that help to develop the sector in a Southeast Asian country, according to Japan's Nikkei Asia (asia.nikkei.com).
Northcentral region eyes breakthroughs in investment attraction in 2024

Northcentral region eyes breakthroughs in investment attraction in 2024

Localities in the northcentral region have made concerted efforts and implemented various measures to attract investment, especially foreign direct investment (FDI), contributing to socioeconomic development in 2024.
Slower credit growth makes banks set modest targets in 2024

Slower credit growth makes banks set modest targets in 2024

Slower than expected credit growth and a large number of non-performing loans have resulted in conservative growth targets among commercial banks for 2024, said industry insiders and experts.
Asia - biggest source of overseas remittances to HCM City in 2023

Asia - biggest source of overseas remittances to HCM City in 2023

Money sent from Asian countries made up 50.5% of the total overseas remittances to Ho Chi Minh City last year, Vietnam’s largest economic hub, a massive 143.8% spike year-on-year, according to the State Bank of Vietnam (SBV)’s branch in the city.
Bad debt recovery faces many challenges in 2024

Bad debt recovery faces many challenges in 2024

The settlement of bad debts will face many difficulties this year as there are no legal regulations related to repossessing collateral assets, industry insiders said.
Record-low interest rates drive early-year credit growth

Record-low interest rates drive early-year credit growth

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).
Ninh Thuận approves zoning map, restricting groundwater exploitation in coastal areas

Ninh Thuận approves zoning map, restricting groundwater exploitation in coastal areas

The People’s Committee of Ninh Thuận Province has approved a list and zoning map, restricting groundwater exploitation in coastal areas, covering a total area of more than 367sq.m, with 388 restricted areas in 46 communes and wards.
Technology solutions key to Hà Nội

Technology solutions key to Hà Nội's wastewater issues

With limited systems for water sewerage and drainage in the capital city, many experts agree that technology solutions are vital to addressing wastewater problems.
Southern region to face longer, more intense heat wave due to El Niño

Southern region to face longer, more intense heat wave due to El Niño

The southern region, including HCM City, is expected to face a longer and more intense heat wave this year due to El Niño compared to previous years, according to weather experts.
National programme on protection and development of aquatic resources approved

National programme on protection and development of aquatic resources approved

Vietnam will investigate and evaluate biodiversity, aquatic resources, and the habitat of aquatic species in Vietnam's waters, including deep sea areas, shallow waters, and underground water areas, under the national programme on protecting and developing aquatic resources until 2030 approved recently by the Prime Minister.
Vietnamese Government ranked 39th in AI readiness Report

Vietnamese Government ranked 39th in AI readiness Report

The Vietnamese Government ranked 39th out of 193 countries in terms of artificial intelligence (AI) readiness on a 2023 report by the UK-based Oxford Insights.
National council for science, technology, innovation established

National council for science, technology, innovation established

Prime Minister Pham Minh Chinh recently signed a decision on the establishment of the National Council for Science, Technology and Innovation.
HCM City seeks motivation for digital economic development

HCM City seeks motivation for digital economic development

Ho Chi Minh City will implement different measures to promote the digital economy, with the goal that it will contribute 20% to the city’s gross regional domestic product (GRDP) by 2025, and 40% by 2030.
Vietnam to join global semiconductor industry

Vietnam to join global semiconductor industry

(VEN) - Vietnam’s semiconductor sector is emerging as a destination for many semiconductor manufacturers when attracting the attention and presence of the world’s leading “giants” from the US and the Republic of Korea such as Intel, Samsung... with projects ranging from hundreds of millions to billions of dollars investing in factory construction, expanding production and assembly...
Ministry proposes more conditions for setting up satellite internet in Việt Nam

Ministry proposes more conditions for setting up satellite internet in Việt Nam

The Ministry of Information and Communications (MIC) has proposed that foreign businesses which want to provide domestic satellite telecommunications services must have a gateway station located in Việt Nam.
Việt Nam leads ASEAN in sending students abroad

Việt Nam leads ASEAN in sending students abroad

Việt Nam leads the Association of Southeast Asian Nations (ASEAN) in sending students abroad for education, followed by Indonesia, Malaysia and Thailand, Cambodian news site SBM News reported.
Positive changes seen in HCM City’s transport infrastructure development

Positive changes seen in HCM City’s transport infrastructure development

With great efforts of the entire political system, HCM City has seen strong changes in developing its urban transport infrastructure system.
Creative man finding new uses for Vietnamese banana trees

Creative man finding new uses for Vietnamese banana trees

Bananas are easy to grow and care for, and have good yields in Việt Nam, but while most people only think of bananas as food, one man in Hà Nội is making them into handicrafts.
Domestic airlines serve over 1.5 mln passengers during Tết

Domestic airlines serve over 1.5 mln passengers during Tết

Airlines in the country served more than 1.5 million passengers, including 748,600 international and 762,400 domestic, during the recent Lunar New Year 2024 from February 8-14.
PM calls for ‘comprehensive plan’ to revive national flag carrier

PM calls for ‘comprehensive plan’ to revive national flag carrier

Prime Minister Phạm Minh Chính has urged agencies to develop a ‘comprehensive plan’ to tackle the financial challenges faced by lossmaking national flag carrier Vietnam Airlines.
VAECO - 15 years of development

VAECO - 15 years of development

(VEN) - The Vietnam Airlines Engineering Company Limited (VAECO) was established in 2008 and has undergone 15 years of development. The company has gradually grown and solidified its brand position in the regional and global civil aviation sectors.
Hoan My Medical Group wins two awards at Asian Management Excellence Awards 2024

Hoan My Medical Group wins two awards at Asian Management Excellence Awards 2024

HCMC – February 1, 2024 – Hoan My Medical Group, the leading private healthcare network in Vietnam, has been honored with two awards in the Healthcare category at the Asian Management Excellence Awards 2024, held in Bangkok, Thailand.
The craft of cooking sticky rice recognised as national heritages

The craft of cooking sticky rice recognised as national heritages

Phú Thượng, formally known as Gạ Village, is famous for its flavoursome, delicious steamed sticky rice.
The ao dai and cultural diplomacy

The ao dai and cultural diplomacy

(VEN) - Not only a traditional costume, the ao dai or the Vietnamese traditional long address is also a special image in cultural diplomacy, helping introduce part of the Vietnamese culture to friends throughout the world.
Discovering Vietnam’s heritage values

Discovering Vietnam’s heritage values

(VEN) - Vietnam’s intangible cultural heritage is rich and diverse, encompassing various traditional practices. Notable examples are hat xoan (xoan singing), drum dancing, pottery, mud ball wrestling, and kite flying, among others. These various forms of intangible cultural heritage reflect the nation’s vibrant traditions, creativity, and community spirit.
Lantern festival to light up the City

Lantern festival to light up the City's District 5

The Tết Nguyên Tiêu (Lantern Festival) will be held on February 24, or the 15th day of the first month of the lunar calendar, in Chợ Lớn (Big Market) in HCM City’s District 5.
HCM City affirms role as pillar of Việt Nam’s tourism industry

HCM City affirms role as pillar of Việt Nam’s tourism industry

As a hub of tourism linking with numerous provinces and cities, HCM City’s robust acceleration of tourism has positively impacted the overall development of localities in the southeastern region and beyond.
Vietjet welcomes 105th aircraft

Vietjet welcomes 105th aircraft

The new aircraft will be put into operation immediately on routes connecting destinations in Việt Nam and internationally to serve passengers on their spring vacation, business travel, investment, and tourism.
Vĩnh Long ceramic tile industry to be enhanced

Vĩnh Long ceramic tile industry to be enhanced

The province has been widely promoting the image of ceramic tile products through a series of events: the Việt Nam Agricultural Product Festival Vĩnh Long 2023, the Vĩnh Long Tourism Festival 2023, and the Ceramic and Spring Flower Road 2024.
HCM City, Mekong Delta welcome millions of visitors in Tết

HCM City, Mekong Delta welcome millions of visitors in Tết

HCM City received 1.8 million visitors during the Tết (Lunar New Year) holiday from February 8-14, up 5.9 per cent year-on-year, according to the city Department of Tourism.
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