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.
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.
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%.
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).
Banks move to foster cashless payment ahead of Tet

Banks move to foster cashless payment ahead of Tet

As the traditional Lunar New Year (Tet) festival is just around the corner, commercial banks are offering a wide range of promotional programmes and financial solutions to encourage cashless payment during the peak shopping season.
Credit boosted right from beginning of year

Credit boosted right from beginning of year

(VEN) - The State Bank of Vietnam (SBV) assignment of credit growth target to commercial banks right from the beginning of the year 2024 helps credit institutions be more proactive in their business and simplify lending procedures.
Standard Chartered celebrates the 120th anniversary of its presence in Vietnam

Standard Chartered celebrates the 120th anniversary of its presence in Vietnam

This year, Standard Chartered Vietnam celebrates the 120th anniversary of its presence in Vietnam, reaffirming its unwavering commitment to the country.
Credit offers on the rise nearing Tet

Credit offers on the rise nearing Tet

High demand during the Tet shopping season has prompted commercial banks to introduce credit offers worth hundreds of billions VND for consumers, said industry experts and insiders.
Credit contracts worth over 15.6 trillion VND signed to implement 500kV transmission line

Credit contracts worth over 15.6 trillion VND signed to implement 500kV transmission line

The National Power Transmission Corporation (EVNNPT) on January 26 signed credit contracts worth over 15.6 trillion VND (634 million USD) with five banks to implement projects to build the 500kV circuit 3 transmission line section from Quang Trach to Pho Noi.
Remittances to Ho Chi Minh City reach nearly 9.5 billion USD in 2023

Remittances to Ho Chi Minh City reach nearly 9.5 billion USD in 2023

The overseas remittances sent to Ho Chi Minh City hit 9.46 billion USD in 2023, up 43.3% compared to 2022, while the earlier estimate was 8.9 billion USD.
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Semiconductor investment prioritized

Semiconductor investment prioritized

(VEN) - Vietnam has recently completed the legal corridor to create conditions prioritizing investment and development of semiconductor chips.
Ministry proposes tax filing deadline extension for 2024

Ministry proposes tax filing deadline extension for 2024

HÀ NỘI — The Ministry of Finance (MoF) is considering proposals from other relevant ministries and agencies on a draft decree that would extend the deadlines for filing taxes.
Achieving over 15 million safe man hours, NSRP continues to increase capacity above 15%

Achieving over 15 million safe man hours, NSRP continues to increase capacity above 15%

Ensuring a stable supply of oil and gas, NSRP is actively adopting strategies to boost the Nghi Son Refinery's capacity by 15-20%.
HCM City to complete 183km of metro routes by 2035

HCM City to complete 183km of metro routes by 2035

HCM CITY — HCM City is striving to complete about 183 kilometres of six metro routes by 2035.
VietFood & Beverage – ProPack Vietnam 2024 to be held in August

VietFood & Beverage – ProPack Vietnam 2024 to be held in August

Covering an area of 36,000sq.m, there will be even more to taste, try and explore compared to last year, with products from 900 businesses from 20 nations and territories, along with unique tastes from renowned Vietnamese chefs, according to organiser Vinexad.
viet nam plans to preserve ethnic minorities intangible cultures at risk of disappearing

Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing

The Ministry of Culture, Sports and Tourism has issued a plan to support the study, restoration, and preservation of ethnic minorities’ intangible cultures which are at risk of falling into oblivion.
the hai phong red flamboyant festival celebrated the citys special unesco status

The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status

The Cát Bà Archipelago in Hải Phòng City and the Hạ Long Bay, in the neighbouring province of Quảng Ninh, is Việt Nam's first inter-provincial site listed by UNESCO as a World Heritage Site.
hcm city top spot in viet nam for slow travel lovers

HCM City: top spot in Việt Nam for slow travel lovers

HCM City has been named the destination travelers spend the most time in on average in Việt Nam.
the anam cam ranh named among vietnams best family hotels

The Anam Cam Ranh named among Vietnam’s best family hotels

The Anam Cam Ranh has been recognised as one of Việt Nam’s top family hotels by prestigious magazine Travel + Leisure Southeast Asia, Hong Kong and Macau.
nguyen dynasty urns in hue make it to the unesco memory of the world list

Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List

The urns received unanimous votes by all 23 member countries.
Ministry proposes tax filing deadline extension for 2024

Ministry proposes tax filing deadline extension for 2024

HÀ NỘI — The Ministry of Finance (MoF) is considering proposals from other relevant ministries and agencies on a draft decree that would extend the deadlines for filing taxes.
Viet Nam targets to have 2 million enterprises by 2030

Viet Nam targets to have 2 million enterprises by 2030

Viet Nam targets to have at least 2 million enterprises and ten billionaires voted by prestigious world organizations by the end of this decade.
Law on Telecommunications hoped to promote development of new telecoms services

Law on Telecommunications hoped to promote development of new telecoms services

The 2023 Law on Telecommunications (the Law), with 73 articles arranged in 10 chapters, is set to take effect on July 1 this year.
2024 Land Law to draw real estate investment, increase social housing supply

2024 Land Law to draw real estate investment, increase social housing supply

The 2024 Land Law coming into effect will have a significant impact, with the two groups benefiting the most being overseas Vietnamese and resettled individuals who are compensated.
Vietnam charts vision for sustainable, modern fisheries

Vietnam charts vision for sustainable, modern fisheries

Vietnam aims to have a sustainable and modern fishery sector by 2050, with maritime and inland waters biodiversity preserved and local livelihoods improved.
Vietnam should seize opportunity to join global semiconductor supply chain

Vietnam should seize opportunity to join global semiconductor supply chain

With the recommendation that Vietnam should act fast within 24 months regarding the goal of developing the semiconductor industry, the government has taken bold and prompt measures to seize this rare opportunity.
Việt Nam

Việt Nam's wood industry strives to match sustainable wood demands

Việt Nam's wood industry has many opportunities for recovery in 2024, with the Forest Stewardship Council (FSC) certification seen as essential mark for accessing global markets.
Mechanical supporting industry needs long-term solutions

Mechanical supporting industry needs long-term solutions

(VEN) - Despite the fact that many mechanical engineering enterprises have strong capabilities in certain areas, such as molding, mechanical components, electrical cables, and plastic components, supporting industry products for the mechanical engineering sector still lack competitiveness.
Desk established in Dong Nai to support Japanese investors

Desk established in Dong Nai to support Japanese investors

Dong Nai province, an industrial hub in the southern region, has set up the Japan Desk at the headquarters of the Dong Nai Industrial Zones Authority to assist Japanese investors operating here.
Vietnam should not miss opportunities to attract FDI

Vietnam should not miss opportunities to attract FDI

(VEN) - Despite its attractive investment environment with numerous advantages, Vietnam may lag behind in the global competition to attract foreign direct investment (FDI) if it does not improve its business environment.
New wave of Chinese investment

New wave of Chinese investment

(VEN) - The supply chain of manufacturing industries in Vietnam has become quite developed, with a consumer market of 100 million people and an abundant labor force. This explains why Vietnam’s investment and business environment attracts Chinese businesses.
Vietnam attractive destination for Dubai enterprises: Forum

Vietnam attractive destination for Dubai enterprises: Forum

Vietnam is an attractive destination for enterprises from Dubai, the UAE, who has demand for trade in goods and investment in multiple fields like logistics, finance, and technology, heard a forum held in Ho Chi Minh City on May 9.
Credit access obstacles lifted for collective economic entities

Credit access obstacles lifted for collective economic entities

(VEN) - The State Bank of Vietnam (SBV) has announced that it will continue to strengthen review of regulations on lending activities to remove obstacles in accessing capital at banks for the collective economic sector and cooperatives.
Government urged to narrow domestic, global gold price gap

Government urged to narrow domestic, global gold price gap

Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man on May 13 voiced concern over skyrocketing gold prices, asking the Government to quickly review market management measures to narrow the wide gap between domestic and global prices.
Biometric verification ensures safer money transfers

Biometric verification ensures safer money transfers

(VEN) - According to the State Bank of Vietnam’s (SBV) Decision No.2345/QD-NHNN dated December 18, 2023, biometric authentication will be required for online money transfers and e-wallet top-ups exceeding VND10 million from July 1 this year. According to the State Bank of Vietnam’s (SBV) Decision No.2345/QD-NHNN dated December 18, 2023, biometric authentication will be required for online money transfers and e-wallet top-ups exceeding VND10 million from July 1 this year.
State Treasury raises over 890 million USD worth of G-bonds in April

State Treasury raises over 890 million USD worth of G-bonds in April

The State Treasury mobilised nearly 22.75 trillion VND (894.52 million USD) worth of Government bonds in April via 17 auctions on the Hanoi Stock Exchange (HNX).
Centre opened to serve environmental data integration, monitoring network operation

Centre opened to serve environmental data integration, monitoring network operation

HÀ NỘI — A national centre for information - data integration and processing and environmental monitoring network operation has been unveiled by the Ministry of Natural Resources and Environment in Hà Nội.
Capacity building for policy makers, large emitters on ETS and carbon market

Capacity building for policy makers, large emitters on ETS and carbon market

Capacity building for policy makers and large emitters on Emissions Trading System (ETS) and carbon market aims to facilitate the pilot operation of the Vietnamese carbon market by 2025 and its official launch by 2028.
Environmental audit to be effective management tool in Việt Nam

Environmental audit to be effective management tool in Việt Nam

HÀ NỘI — An environmental audit is well established in countries with modern industries, but is very new to developing countries including Việt Nam.
HCM City boosts efforts to manage canal pollution

HCM City boosts efforts to manage canal pollution

HCM City has been trying to eliminate water pollution in its canals in order to improve the living environment for local inhabitants.
Semiconductor investment prioritized

Semiconductor investment prioritized

(VEN) - Vietnam has recently completed the legal corridor to create conditions prioritizing investment and development of semiconductor chips.
Full cyber stream ahead Bắc Giang focuses on digital society development

Full cyber stream ahead Bắc Giang focuses on digital society development

Director of the provincial Information and Communication Department, Trần Minh Chiêu, said that the province was concentrating on building a safe and reliable digital environment for the community.
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations

35 localities piloting four-wheel EVs for tourists, despite no official legal regulations

Four-wheel electric vehicles have been used for this purpose has been since 2010 in the capital city of Hà Nội, and to date, 35/63 localities in the country have received approval by the Prime Minister to pilot the operation.
2024 VinFuture Prize records 1,469 nominations

2024 VinFuture Prize records 1,469 nominations

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 to complete 183km of metro routes by 2035

HCM City to complete 183km of metro routes by 2035

HCM CITY — HCM City is striving to complete about 183 kilometres of six metro routes by 2035.
Railway sector gets creative to attract passengers

Railway sector gets creative to attract passengers

HÀ NỘI — With recent increases in the price of flights, many domestic travellers have chosen to take the train and to build on that popularity whilst the railway sector has been making efforts to improve service quality.
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched

Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched

HCM CITY — A new high-speed boat service between HCM City and Côn Đảo Island off the southern province Bà Rịa - Vũng Tàu was launched on Monday to meet the rising tourism demand.
Central Highlands to become renewable energy hub

Central Highlands to become renewable energy hub

(VEN) - The Central Highlands region is expected to undergo sustainable development, with a green and circular economy, and as a renewable energy hub of the whole country by 2050.
PV GAS launches Month of Workers

PV GAS launches Month of Workers

(VEN) - On May 4, in Vung Tau City, the PetroVietnam Gas Joint Stock Corporation (PV GAS) organized a ceremony launching the Month of Workers and the Action Month for Occupational Safety and Hygiene in 2024.
National Brand Program promotes prestigious Vietnam

National Brand Program promotes prestigious Vietnam

(VEN) - After 20 years of implementation, the Vietnam National Brand Program has significantly supported businesses in promoting production, business and export activities, contributing to building Vietnam as a prestigious country with high quality goods and services.
Largest made-in-Vietnam bulk carrier launched

Largest made-in-Vietnam bulk carrier launched

The largest-ever made-in-Vietnam bulk carrier was recently launched by Nam Triều Shipbuilding Co Ltd in the northern port city of Hải Phòng.
The Anam Cam Ranh named among Vietnam’s best family hotels

The Anam Cam Ranh named among Vietnam’s best family hotels

The Anam Cam Ranh has been recognised as one of Việt Nam’s top family hotels by prestigious magazine Travel + Leisure Southeast Asia, Hong Kong and Macau.
tcty-dau-khi-vn-pv-power-2022
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing

Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing

The Ministry of Culture, Sports and Tourism has issued a plan to support the study, restoration, and preservation of ethnic minorities’ intangible cultures which are at risk of falling into oblivion.
The Hải Phòng Red Flamboyant Festival celebrated the city

The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status

The Cát Bà Archipelago in Hải Phòng City and the Hạ Long Bay, in the neighbouring province of Quảng Ninh, is Việt Nam's first inter-provincial site listed by UNESCO as a World Heritage Site.
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List

Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List

The urns received unanimous votes by all 23 member countries.
European Literary Days focuses on gender

European Literary Days focuses on gender

The European Literature Days 2024 has kicked off with a series of literature and exhibition events in Hà Nội and HCM City
Mysterious

Mysterious 'floating' lake discovered in Quảng Bình

A mysterious lake has been discovered in the Thung Cave within the World’s Natural Heritage Phong Nha-Kẻ Bàng National Park in the central province of Quảng Bình.
HCM City: top spot in Việt Nam for slow travel lovers

HCM City: top spot in Việt Nam for slow travel lovers

HCM City has been named the destination travelers spend the most time in on average in Việt Nam.
The hidden cafes of Hà Nội

The hidden cafes of Hà Nội

Be charmed by Hà Nội's hidden coffee spots, where you can escape the chaos of the city and enjoy a journey of discovery into a world of elegance tucked away from the bustling streets.
Vietnamese Ethnic Culture and Tourism Village hosts numerous activities in May

Vietnamese Ethnic Culture and Tourism Village hosts numerous activities in May

At the Việt Nam National Village for Ethnic Culture and Tourism, ethnic minority people join State agencies and experts in preserving and introducing their communities’ cultural values to visitors.
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