Conferences ponder over how small firms can get unsecured bank loans

Conferences ponder over how small firms can get unsecured bank loans

The inability to get loans without collateral is one of the main hurdles to doing business for small and medium-sized enterprises (SMEs) during difficult economic situations.
Credit growth bright spot for banking

Credit growth bright spot for banking

As of June 14, credit growth has reached 3.79% compared to the end of last year, marking a bright spot for the banking sector, according to the central bank.
Tax payment deadline for domestic cars extended

Tax payment deadline for domestic cars extended

The Government has decided to extend the deadline for special consumption tax payment for domestically manufactured or assembled automobiles.
Festival promoting cashless payments opens in HCM City

Festival promoting cashless payments opens in HCM City

The 2024 Cashless Day Festival opened at the Nguyễn Huệ pedestrian plaza in HCM City with a wide range of cashless payment solutions and promotions for shoppers.
Foreigners advised to visit bank branches for biometric verification

Foreigners advised to visit bank branches for biometric verification

The State Bank of Vietnam (SBV) has issued guidance for commercial banks to serve the registration of biometric data for foreign residents in Vietnam, when a new regulation on mandatory biometric verification for first-time mobile banking users or large valued transactions takes effect early next month, an SBV official said.
Credit growth expected to speed up by end of Q2

Credit growth expected to speed up by end of Q2

(VEN) - To promote credit growth and capital supply for the economy, Vietnamese commercial banks have not only designed attractive loan packages but also simplified loan procedures.
Banks are lifting deposit rates

Banks are lifting deposit rates

Private commercial banks have been lifting their deposit rates this month to attract capital and notably, some of them have increased their rates more than twice.
ADB supports financial access for women-owned businesses in Vietnam

ADB supports financial access for women-owned businesses in Vietnam

The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) on June 12 signed a financing package of up to 80 million USD to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.
Tax sector fulfils nearly 52% of State budget collection projection

Tax sector fulfils nearly 52% of State budget collection projection

The General Department of Taxation on June 5 reported that the total State budget collection of the tax sector in the first five months of this year was estimated at 767.41 trillion VND (30.19 billion USD), equivalent to 51.6% of the yearly projection and representing a year-on-year rise of 14.9%.
Settlement of weak banks remains tough: SBV

Settlement of weak banks remains tough: SBV

The settlement of weak banks has faced difficulties as the work mainly depends on the voluntary participation of well-performed banks, the State Bank of Vietnam (SBV) has said.
Credit growth quota policy needs to ensure safety of banking system

Credit growth quota policy needs to ensure safety of banking system

The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.
VietinBank raises deposit rates, commercial banks follow

VietinBank raises deposit rates, commercial banks follow

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) became the first large commercial bank with state capital to raise deposit rates earlier this morning.
Central bank demands lending rate cuts, growth target to be met

Central bank demands lending rate cuts, growth target to be met

The State Bank of Vietnam (SBV) has demanded credit institutions to deliver a system-wide credit growth target of 5-6% by the end of the second quarter this year, and reduce lending rates by 1-2%.
Cashless payment develops rapidly in Vietnam

Cashless payment develops rapidly in Vietnam

Non-cash payments continue to grow rapidly in Việt Nam, requiring a focus on ensuring payment security, a representative of the State Bank of Việt Nam said at a press conference on Cashless Day 2024 held in Ho Chi Minh City on May 28.
Bank stocks surge on dividend payouts and profit growth

Bank stocks surge on dividend payouts and profit growth

(VEN) - Following a decline in April, investment in bank stocks has increased, especially when banks are preparing to pay dividends at a high rate and the profits of listed banks grew strongly in the first three months.
Banks to offer more shares to foreign investors

Banks to offer more shares to foreign investors

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.
Creative, flexible solutions significant to complete financial-budget tasks: Minister

Creative, flexible solutions significant to complete financial-budget tasks: Minister

The completion of financial-budget tasks requires strong, creative and flexible efforts as well as high determination not only from the financial sector but all sectors, localities and especially people and businesses, stated Minister of Finance Ho Duc Phoc.
Standard Chartered Bank wins multiple awards at The Asset Triple A Treasurise Awards 2024

Standard Chartered Bank wins multiple awards at The Asset Triple A Treasurise Awards 2024

Standard Chartered Bank has been named Best Service Provider for Cash Management in Vietnam, Best Payments and Collections Solution for Generali Vietnam, Best Supply Chain Solution for Kuehne + Nagel Co. Ltd, and Best ESG Solution for BIDV at the Asset Triple A Treasurise Awards 2024.
Central bank to inspect gold trading activities

Central bank to inspect gold trading activities

The State Bank of Vietnam (SBV) on May 17 issued a decision to inspect the compliance with policies and laws in gold trading activities of credit institutions and gold trading enterprises.
Banks raise interest rates to attract depositors

Banks raise interest rates to attract depositors

Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase.
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.
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Bac Lieu plans to become renewable energy export hub

Bac Lieu plans to become renewable energy export hub

HANOI - Deputy Prime Minister Tran Hong Ha has signed off a development plan for the Mekong Delta province of Bac Lieu that will cost 16-18 billion USD from now until 2030.
Tropical depression expected to strengthen into typhoon within 24 hours

Tropical depression expected to strengthen into typhoon within 24 hours

HANOI – The National Centre for Hydrometeorological Forecasting has predicted that by 7 am on September 19, the current tropical depression in the East Sea will strengthen into a typhoon, reaching wind speeds of level 8 with gusts of level 10.
Ministry outlines two economic growth scenarios for 2025

Ministry outlines two economic growth scenarios for 2025

The country’s gross domestic product (GDP) is predicted at 6.5-7 per cent in the first scenario and 7-7.5 per cent in the second.
Tapping the potential to sell seaweed-based carbon credits

Tapping the potential to sell seaweed-based carbon credits

Việt Nam has the potential to cultivate seaweed on one million hectares, providing resources for multiple industries and income from carbon credit sales.
Hà Nội attracts investment in agricultural product processing

Hà Nội attracts investment in agricultural product processing

The Hà Nội Department of Agriculture has assisted companies in enhancing production capacity and implementing advanced quality management systems to ensure food safety.
vietnam wins first ever medal at womens world three cushion championship

Vietnam wins first-ever medal at Women's World three-cushion Championship

Nguyen Hoang Yen Nhi became the first Vietnamese player to win a medal at the Women's World Three-cushion Championship, which concluded in France on September 12.
hanois peach kumquat villages left empty handed after typhoon yagi

Hanoi's peach, kumquat villages left empty-handed after typhoon Yagi

Rising water level caused many ornamental tree growing areas in Phu Thuong peach village, Nhat Tan and Tu Lien kumquat village to be severely flooded. The trees were submerged in water for several days, causing root rot and mass die-offs, leaving many households with long-standing traditional livelihoods empty-handed.
quang ninh tourism hit by typhoon

Quảng Ninh tourism hit by typhoon

The recent Typhoon Yagi has seriously damaged tourism facilities in the northern province of Quảng Ninh. Now many must rebuild from scratch, in order to return the region to the popular tourism destination it once was.
nation rallies to support communities affected by typhoon yagi

Nation rallies to support communities affected by Typhoon Yagi

Typhoon Yagi has caused severe destruction across northern Vietnam, leading to heavy rain, flash floods, and widespread flooding in the northern mountainous regions. In response to the extensive damage and loss of life, emergency relief efforts and community support initiatives have been mobilised nationwide to aid affected residents and help them recover from the disaster.
intl community stands with vietnam overcoming typhoon aftermath

Int’l community stands with Vietnam overcoming typhoon aftermath

The devastating Typhoon Yagi has left terrible consequences for northern localities of Vietnam. In recent days, many countries and international organizations have given helping hands to Vietnam.
Top leader Tô Lâm pens article on innovating Party leadership

Top leader Tô Lâm pens article on innovating Party leadership

HÀ NỘI — Top leader Tô Lâm has penned an article on the continuous innovation of the Party's leadership and governance methods.
Preparations ongoing for send off ceremony of UN peacekeeping missions

Preparations ongoing for send off ceremony of UN peacekeeping missions

Engineering Unit Rotation 3 is scheduled to leave Hà Nội for the UN Interim Security Force for Abyei (UNISFA) on a UN charter flight on September 24.
Legal framework critical to boosting green credit

Legal framework critical to boosting green credit

HANOI – The recent amendment of the plan on green banking development in Vietnam is expected to create conditions for credit institutions to effectively promote green credit.
Việt Nam calls for int’l cooperation in response to climate change

Việt Nam calls for int’l cooperation in response to climate change

GENEVA — International cooperation is the key to handle damage caused by climate change, ensuring that no one is left behind, Ambassador Mai Phan Dũng, Permanent Representative of Vietnam to the United Nations (UN), World Trade Organisation, and other international organisations in Geneva said on September 13.
Bac Lieu plans to become renewable energy export hub

Bac Lieu plans to become renewable energy export hub

HANOI - Deputy Prime Minister Tran Hong Ha has signed off a development plan for the Mekong Delta province of Bac Lieu that will cost 16-18 billion USD from now until 2030.
Việt Nam needs to consider energy storage to ensure energy security

Việt Nam needs to consider energy storage to ensure energy security

Việt Nam needs to consider the development of a battery energy storage system (BESS) to ensure energy security and sustainable development, experts have said.
Power restored to nearly 99pct of typhoon-affected clients

Power restored to nearly 99pct of typhoon-affected clients

EVN units in northern Việt Nam are continuing to mobilise personnel, vehicles, and equipment to repair the damage caused by the storm and ensure full power restoration to the remainders as soon as possible.
Developing supporting industries needs to be a priority

Developing supporting industries needs to be a priority

A report of the Ministry of Industry and Trade (MoIT) shows that the number of enterprises in the supporting industry sector accounts for only about 4.5 per cent of the total number of companies in the manufacturing and processing industry.
Swiss investors keen on exploring investment opportunities in Nam Dinh province

Swiss investors keen on exploring investment opportunities in Nam Dinh province

Swiss enterprises have expressed their interest in exploring investment opportunities in the northern province of Nam Dinh while attending a workshop recently co-organised by the Swiss-Viet Economic Forum (SVEF) and the Vietnamese Embassy in the European country.
FPT partners with Nordic tech giant in digital banking development

FPT partners with Nordic tech giant in digital banking development

Global ICT company FPT Software, a subsidiary of the FPT Corporation, signed a Memorandum of Understanding to establish a strategic partnership with Vilja, a leading Nordic core banking service provider based in Stockholm, in the framework of the recent Vietnam-Sweden Business Forum 2024.
Hanoi capitalises on advantages to attract FDI

Hanoi capitalises on advantages to attract FDI

According to the Ministry of Planning and Investment, since the beginning of 2024, FDI has concentrated on provinces and cities with strong infrastructure, stable labour force, administrative reform efforts, and dynamic investment promotion activities. Among these, Hanoi has consistently ranked among the leading localities in the country for attracting FDI.
PM hosts Japanese multi-industry firm

PM hosts Japanese multi-industry firm's chairman

Prime Minister Phạm Minh Chính urged Mitsui & Co., Ltd of Japan to accelerate the implementation of the Block B gas-electricity project and expand its co-operation and investment in other sectors in Việt Nam, especially offshore wind energy development, during a meeting with its Chairman Tatsuo Yasunaga in Hà Nội on Wednesday.
Eximbank to pay cash dividend for the first time in a decade

Eximbank to pay cash dividend for the first time in a decade

Eximbank plans to distribute its first cash dividend payout in a decade, totalling around VNĐ522 billion (US$21.3 million).
State budget revenue reaches 77.52% of year

State budget revenue reaches 77.52% of year's estimate in eight months

The total state budget revenue in the first eight months of this year reached more than 1,146 trillion VND, equivalent to 77.2% of the estimate for the whole of this year and 117.9% compared to the figure for the same period last year, according to the General Department of Taxation.
Ministry to inspect insurers for motor insurance compliance

Ministry to inspect insurers for motor insurance compliance

The Ministry of Finance will inspect four non-life insurance companies in 2024 to ensure adherence to mandatory motor vehicle insurance regulations.
Housing credit on the rise: SBV

Housing credit on the rise: SBV's office

Housing credit has been on the rise as the property market finds its footing and path to recovery, according to the State Bank of Vietnam (SBV).
Tropical depression expected to strengthen into typhoon within 24 hours

Tropical depression expected to strengthen into typhoon within 24 hours

HANOI – The National Centre for Hydrometeorological Forecasting has predicted that by 7 am on September 19, the current tropical depression in the East Sea will strengthen into a typhoon, reaching wind speeds of level 8 with gusts of level 10.
Natural disaster warning maps proposed after Typhoon Yagi

Natural disaster warning maps proposed after Typhoon Yagi

There were many shortcomings in the response to Typhoon Yagi, as warnings of damage risks due to storms and floods were not specific enough, resulting in negligent behaviour.
Tropical depression expected to enter East Sea, strengthen into storm

Tropical depression expected to enter East Sea, strengthen into storm

HÀ NỘI — The National Centre for Hydro-Meteorological Forecasting reported that a tropical depression over the East Sea (known internationally as the South China Sea) is moving westward and is forecast to intensify into a typhoon.
Vietnam, US launch two new projects to strengthen wildlife protection efforts

Vietnam, US launch two new projects to strengthen wildlife protection efforts

HANOI – The US Mission to Vietnam and the Vietnam Union of Science and Technology Associations (VUSTA) on September 16 launched two new projects to counter wildlife trafficking and reduce illegal wildlife consumption.
Ministry to trial digital transformation of small enterprises in HCM City district

Ministry to trial digital transformation of small enterprises in HCM City district

HCM City will implement a plan to support small and medium-sized enterprises with digital transformation to create a new growth driver for them while boosting socio-economic development, a conference has heard in HCM City.
Ministry proposes applying technology to quality control

Ministry proposes applying technology to quality control

Technological solutions include barcodes and electronic labelling, which are tools for manufacturers to monitor product quality and trace origin.
Vietnam to begin phasing out 2G service

Vietnam to begin phasing out 2G service

By September 15, 2026, the 2G network will be officially shut down nationwide, freeing up frequency resources for more advanced telecommunications technologies. This move aligns with the development goals of both network providers and the country.
Hanoi overcoming challenges to accelerate digital transformation

Hanoi overcoming challenges to accelerate digital transformation

As a major administrative centre of Vietnam, the capital city regards digital transformation as a top priority to enhance governance, facilitate administrative procedures, and connect with citizens and businesses.
Robotic surgery: a new frontier in Việt Nam

Robotic surgery: a new frontier in Việt Nam

Heightened visibility and the robot’s advanced functionality gives surgeons greater confidence during complex and extended surgeries.
Railway sector suffers over $7.3m in damages due to Typhoon Yagi

Railway sector suffers over $7.3m in damages due to Typhoon Yagi

The railway sector sustained significant damage to equipment, infrastructure and services due to Typhoon Yagi which affected the northern provinces.
Hanoi proposes developing intelligent transport system

Hanoi proposes developing intelligent transport system

HANOI – The Hanoi Department of Transport has asked for the municipal authorities’ approval to develop an intelligent transport system (ITS) through leasing information technology services, with a cost of over 392 billion VND (more than 15.9 million USD) sourced from the city's budget for the first phase in 2025 – 2027.
Binh Minh Plastics and SCG implement project "Loving Water for the Future" in Quang Nam

Binh Minh Plastics and SCG implement project "Loving Water for the Future" in Quang Nam

Binh Minh Plastics Joint Stock Company (BM PLASCO), in collaboration with SCG, has launched a series of initiatives under the “Loving Water for the Future” project in Quang Nam province.
Vietnamese products promoted at international food fair in Russia

Vietnamese products promoted at international food fair in Russia

Vietnam's national pavilion at Russia's leading international food and drink exhibition - Worldfood Moscow 2024 - was inaugurated on September 17.
Vietjet to launch Đà Nẵng-Ahmedabad route in October

Vietjet to launch Đà Nẵng-Ahmedabad route in October

The new route which will be launched on October 23, will increase Vietjet’s routes between Việt Nam and India - a country of 1.4 billion people to eight ones, with 60 flights per week.
Increasing presence of Vietnamese goods, traders in RoK benefits both sides: minister

Increasing presence of Vietnamese goods, traders in RoK benefits both sides: minister

Vietnamese Ambassador to the Republic of Korea (RoK) Vu Ho joined the RoK’s Minister of Small- and Medium-sized Enterprises (SMEs) and Startups Oh Young-joo and German Ambassador Wilfried Schmidt in a visit to Kyungdong, a traditional market in downtown Seoul, on September 13.
France event highlights Vietnam’s corporate culture

France event highlights Vietnam’s corporate culture

The first Vietnam corporate culture day has been recently held in Paris, drawing the attendance of nearly 150 representatives from Vietnamese ministries, sectors, and business associations in France and other European countries, as well as French enterprises.
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6th Chăm Ethnic Cultural Festival to take place in Ninh Thuận

6th Chăm Ethnic Cultural Festival to take place in Ninh Thuận

The 6th Chăm Ethnic Cultural Festival in Ninh Thuận will take place in Phan Rang - Tháp Chàm city in Ninh Thuận province from September 27 to 29 with the participation of artisans, artists, performers, and athletes from the Chăm ethnic community across nine provinces and cities.
Vietnamese lacquer art introduced in Paris

Vietnamese lacquer art introduced in Paris

A lacquer painting exhibition has opened in Paris spotlighting 40 prominent painters and artists who are currently active in researching and practising Vietnamese lacquer art.
Việt Nam

Việt Nam's drum performance thrills Kuala Lumpur audience

About 20 domestic and four foreign art troupes from Indonesia, Thailand, Singapore and Việt Nam attended a performance festival entitled Trống cơm (cylindrical drum) by Việt Nam’s Lệ Ngọc Theatre in Kuala Lumpur.
Vietnamese photographer wins ASEAN SX Photo Contest

Vietnamese photographer wins ASEAN SX Photo Contest

Vietnamese photographer Ho Trung Lam has won the Grand Prize at the ASEAN SX Photo Contest 2024 which was held in Bangkok in Thailand.
Quảng Ninh tourism hit by typhoon

Quảng Ninh tourism hit by typhoon

The recent Typhoon Yagi has seriously damaged tourism facilities in the northern province of Quảng Ninh. Now many must rebuild from scratch, in order to return the region to the popular tourism destination it once was.
What to do in Phu Quoc - a Vietnamese Island you can visit without a visa

What to do in Phu Quoc - a Vietnamese Island you can visit without a visa

Exploring Southeast Asia has never been easier: Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a populous and rich nature, and impressive architecture.
Khánh Hòa all set to hit full-year target of 9 million tourists in September

Khánh Hòa all set to hit full-year target of 9 million tourists in September

Khánh Hòa Province will soon celebrate achieving its target of receiving nine million tourists this year, according to its Department of Tourism.
Hạ Long city welcoming tourists back

Hạ Long city welcoming tourists back

Hạ Long Bay in the northern province of Quảng Ninh, one of the localities hardest hit by Typhoon Yagi, officially resumed normal operation of tourist boats on September 13, nearly a week after being ravaged by the typhoon.
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