Finance - Banking

Non-bank corporate bonds forecast to recover in year-end months

09:26 | 23/10/2024 Finance-Banking

Prospects for credit growth and exchange rates will create favourable conditions for non-bank corporate bonds to recover in the final months of this year, analysts forecast.

Banks urged to further reduce capital costs, lending interest rates

11:33 | 21/10/2024 Finance-Banking

(VEN) - According the State Bank of Vietnam’s (SBV) leadership, with the current growth rate and overall economic trends, Vietnam’s 15-percent credit growth target for 2024 is within reach. However, the SBV emphasized that the key is to focus credit growth on boosting the economy, particularly prioritizing support for trading and production activities.

Mandatory transfers announced for CB, OceanBank

09:51 | 21/10/2024 Finance-Banking

In a move to restructure the credit institution system and tackle bad debts, the State Bank of Vietnam (SBV) has announced the mandatory transfer of two major banks.

State bank urges credit growth, consumer lending

16:39 | 19/10/2024 Finance-Banking

The State Bank of Vietnam (SBV) has issued a document requesting banks and credit institutions apply measures to boost consumption and spending.

Interest rates expected to decrease by 0.7 percentage points next year

09:14 | 29/10/2024 Finance-Banking

Việt Nam is expected to continue pursuing a looser monetary policy, with interest rates forecast to decrease by 0.7 percentage points next year.

Agribank named in Top 10 Vietnam Excellent Brands 2024

17:52 | 26/10/2024 Finance-Banking

With the theme "Pioneering in Green Investment", the Vietnam Excellent Brands Program 2024 conducted a survey, evaluated and honored business brands with outstanding achievements in production, business, trade and service activities towards green growth and sustainable development.

Banks show positive results during third quarter

15:36 | 25/10/2024 Finance-Banking

Several banks have recently announced startling business performance results in the third quarter of 2024 and the first nine months of 2024.

Asian shares are at their lowest in three weeks

16:18 | 19/10/2024 Stock Market

(VEN) - Asian stock markets fell sharply after a tech sell-off on Wall Street, which raised concerns about the sustainability of artificial intelligence (AI) stocks.

Eximbank denies system risk rumours, confirms stable operations

09:59 | 17/10/2024 Finance-Banking

Eximbank has refuted rumours circulating on social media about an 'urgent petition and reflection' allegedly citing severe risks that could lead to operational insecurity and a potential system collapse at the bank.

Stock market sees notable recovery amid ongoing uncertainties

09:11 | 15/10/2024 Stock Market

The Vietnamese stock market marked a significant turning point after a prior correction phase, with a remarkable recovery in the past trading week.

HCM City to effectively utilise remittance for development

18:17 | 13/10/2024 Finance-Banking

HCM City is focusing more on attracting remittance from overseas Vietnamese into the city’s socio-economic development through many policies, including issuing bonds for infrastructure projects.

PM urges WB to provide concessional loans for key infrastructure projects

08:52 | 11/10/2024 Finance-Banking

Vietnamese Prime Minister Pham Minh Chinh has called for the World Bank (WB)'s continued support and concessional loans targeting key infrastructure projects, including high-speed and urban rail systems, major seaports and airports.

DIC Corp completes buyback of $18.6 million in bonds

09:25 | 10/10/2024 Finance-Banking

Development Investment Construction (DIC Corp) said that it has fully redeemed the bonds it issued in September 2021.

Update on exclusive partnership between Manulife Vietnam and Techcombank

14:52 | 08/10/2024 Finance-Banking

Manulife Vietnam and Techcombank on Monday announced updated information on their exclusive insurance distribution partnership in Việt Nam.

VPBank, LOTTE C&F cooperate to provide financial service with “Buy now pay later” product

09:31 | 07/10/2024 Finance-Banking

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and LOTTE C&F Vietnam Co., Ltd held a ceremony on September 27 for the signing of a MOU on optimising theirs resources, promoting sustainable growth, and bringing flexible, economical and effective consuming finance solutions to LOTTE customers.

Budget revenue from import-export activities up 13.5%

16:29 | 04/10/2024 Finance-Banking

State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.

SSI: Masan to benefit from Vietnamese stock market upgrade

17:11 | 02/10/2024 Stock Market

Masan Group Corporation (HOSE: MSN) is expected to attract significant foreign capital as Việt Nam’s stock market is projected to receive up to US$1.7 billion from exchange-traded funds (ETFs) following its upgrade to emerging market status.

State Bank of Vietnam takes measures to stablise gold market

14:56 | 01/10/2024 Finance-Banking

The State Bank of Vietnam (SBV) is working closely with ministries and local authorities to implement comprehensive strategies to address significant price disparities and stabilise the gold market.

Tax sector fulfills nearly 85 percent of State budget collection estimate

15:07 | 30/09/2024 Finance-Banking

State budget collection has so far reached 85 percent of this year's estimate, Deputy Minister of Finance Nguyễn Đức Chi has reported.

Vietnam elected as member of ASOSAI Audit Committee

17:11 | 28/09/2024 Finance-Banking

The State Audit Office of Vietnam (SAV) was elected as one of the two members of the Asian Organisation of Supreme Audit Institutions (ASOSAI) Audit Committee for the 2024-2027 term at the second plenary session of the 16th ASOSAI Assembly in New Delhi, India, on September 27.

Seminar seeks to enhancing Vietnam - Korea financial synergies

17:23 | 26/09/2024 Finance-Banking

A seminar entitled ‘Towards a sustainable future: Enhancing Vietnam – Republic of Korea (RoK) financial synergies’ was held in Hanoi on September 25, gathering representatives of state management agencies, credit institutions, businesses, and experts and scientists from Vietnam and the RoK.

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Latest Most Read

Domestic firms seize opportunities to join North-South high-speed railway project

15:50 | 20/11/2024 Society

Hanoi – A seminar to discuss opportunities and challenges for Vietnamese businesses in joining the North-South high-speed railway project was held in Hanoi on November 19, attracting the participation of representatives from the Ministry of Transport and businesses.

Vietnamese trade counselors in Americas contribute to trade growth: Minister

15:44 | 20/11/2024 Trade

Hanoi – Vietnamese trade counselors in the Americas gathered at a conference in Rio de Janeiro, Brazil, on November 18 to evaluate their work in the past time and discuss orientations and tasks in the time ahead, aiming to further promote the export of Vietnam's goods to countries in the region and the world.

Tra fish sector aiming for production, processing greening for sustainable development

15:38 | 20/11/2024 Industry

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.

MM Mega Market Vietnam celebrates the Week of Italian Cuisine

15:14 | 20/11/2024 Companies

MM Mega Market Vietnam (MMVN) kicked off its much-anticipated “Week of Italian Cuisine”. The event aims to introduce Vietnamese consumers to the rich heritage of Italian cuisine, stimulating the consumption of imported Italian food and beverages.

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

15:04 | 20/11/2024 Culture

(VEN) - Dong Ho folk painting village, located in Dong Khe Hamlet, Song Ho Commune, Thuan Thanh Town, Bac Ninh Province, boasts an over-400-year history. Its origin is tied to the Vietnamese tradition of hanging paintings during the Lunar New Year (Tet), the Mid-Autumn Festival, and ancestor worship.

PM’s trip to bolster Vietnam-Brazil comprehensive partnership

19:11 | 16/11/2024 Cooperation

Prime Minister Pham Minh Chinh’s trip to Brazil from November 16-19 for the G20 Summit and bilateral activities is expected to elevate the relationship between Vietnam and Brazil to new heights, reinforcing bilateral political trust, expanding cooperation space, and making ties between the two countries deeper, more comprehensive and sustainable, benefiting both peoples.

Vietnam - Brazil Comprehensive Partnership

19:17 | 16/11/2024 Infographic

During his trip to attend the 2024 G20 Summit in Brazil from November 16 to 19, Prime Minister Pham Minh Chinh will also take part in bilateral activities in Rio de Janeiro. The visit coincides with the 35th anniversary of diplomatic relations (May 8, 1989 – May 8, 2024) and the 17th anniversary of the comprehensive partnership (May 2007 – May 2024) between Vietnam and Brazil, marked by a series of meaningful and diverse events.

HCM City aims to become Southeast Asian logistics hub

21:59 | 16/11/2024 Economy

HCM City is set to enhance its logistics sector to become a key logistics hub in Southeast Asia by 2030, leveraging global supply chain opportunities.

Vietnam’s efforts to promote gender equality

09:37 | 17/11/2024 Society

(VEN) - According to the Global Gender Gap Report 2024, Vietnam's gender equality ranking stands at 72^nd out of 146 countries, an improvement of 11 places compared to 2023.

Key facts on G20 and Vietnam's participation

09:42 | 17/11/2024 Infographic

Prime Minister Pham Minh Chinh is leading a high-ranking delegation of Vietnam to attend the G20 Summit in Rio de Janeiro, Brazil, from November 16 to 19 at the invitation of Brazilian President Luiz Inácio Lula da Silva.

Multimedia

Video Longform Infographic Photo

Vietnam, Dominican Republic strengthening cooperation

08:45 | 20/11/2024 Infographic

At the invitation of Dominican President Luis Rodolfo Abinader Corona and his spouse, Prime Minister Pham Minh Chinh and his spouse, accompanied by a high-level Vietnamese delegation, pay an official visit to the Dominican Republic from November 19 to 21, 2024. This visit holds significant importance as it marks the first official trip by a Vietnamese leader to the Dominican Republic, taking place ahead of the 20th anniversary of diplomatic ties between the two nations (July 7, 2005 – July 7, 2025).

Vietnam - Brazil strategic partnership

10:26 | 19/11/2024 Infographic

During his trip to Brazil from November 16-19 for the G20 Summit and bilateral engagements, Prime Minister Pham Minh Chinh held talks with Brazilian President Luiz Inácio Lula da Silva. The two leaders agreed to elevate the Vietnam-Brazil bilateral relations to a Strategic Partnership and issue a joint statement on the upgrade of the ties.

Nhon - Hanoi Station elevated urban railway comes into operation

09:04 | 18/11/2024 Infographic

The elevated section of the pilot Nhon - Hanoi Station urban railway project has officially entered commercial operation, three months after its debut. This marks a pioneering step toward green transformation, laying the foundation for the capital's public and sustainable transportation development.

Key facts on G20 and Vietnam's participation

09:42 | 17/11/2024 Infographic

Vietnam - Brazil Comprehensive Partnership

19:17 | 16/11/2024 Infographic

Policy

Developing relations with China is Vietnam’s top priority: Deputy PM

08:40 | 20/11/2024 Policy

Hanoi – Deputy Prime Minister Le Thanh Long on November 19 held talks with Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of China, on the occasion of his attendance at the 2024 World Internet Conference (WIC) Wuzhen Summit and his visit to Zhejiang province.

Vietnam pledges to make more contributions to APEC cooperation

09:46 | 17/11/2024 Policy

Lima – Vietnam will continue actively contributing to and effectively implementing cooperation orientations and directions of the Asia-Pacific Economic Cooperation (APEC), State President Luong Cuong affirmed while addressing the 31st APEC Economic Leaders' Meeting in Lima, Peru, on November 16 (local time).

Amending the Law on Electricity to unlock resources for energy security and net zero emissions

10:04 | 16/11/2024 Policy

The draft amendment to the Law on Electricity, which is on the agenda at the current session of the National Assembly, would be a bold step for Việt Nam towards ensuring national energy security and achieving net zero emissions by 2050.

Ambassador highlights importance of PM Phạm Minh Chính’s Brazil trip

14:19 | 15/11/2024 Policy

In an interview granted to the press ahead of Prime Minister Phạm Minh Chính’s trip to Brazil for the event, the diplomat said the trip is of significance in different aspects.

Industry & Trade

Tra fish sector aiming for production, processing greening for sustainable development

15:38 | 20/11/2024 Industry

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.

Solutions discussed to ensure coal supply for electricity generation in 2025

16:24 | 19/11/2024 Energy

Việt Nam Electricity (EVN), Việt Nam National Coal and Mineral Industries Holding Corporation Limited (TKV), and Đông Bắc Corporation have proposed solutions to secure sufficient coal for power generation as thermoelectricity is expected to rise significantly to meet 2025's socio-economic power demand.

Garment industry targets 47-48 billion USD in export turnover next year

16:16 | 19/11/2024 Industry

Hanoi – Vietnam’s textile and garment industry aims to achieve 47–48 billion USD in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).

Residents support restarting Ninh Thuận Nuclear Project, call for clear roadmap

14:46 | 18/11/2024 Energy

Local residents expressed their hope that the project will be implemented with a clear, coordinated timeline and that it will bring transformative development to the province.

Investment

Workshop seeks ways to attract Japan’s green investment to Vietnam

09:43 | 20/11/2024 Investment

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.

Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

16:57 | 18/11/2024 Investment

On November 16, the leader of the Quang Binh Provincial Economic Zone Management Board said that the Government had just approved the investment policy for Cam Lien Industrial Park.

Disbursement of public investment must be accelerated: Deputy PM

12:17 | 17/11/2024 Investment

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.

LG plans to pour further US$1 billion investment into Vietnam

10:42 | 16/11/2024 Investment

The Republic of Korea (RoK)’s LG Displays Co. Ltd has been licensed to raise its investment in a factory in Hai Phong city, northern Vietnam, by US$1 billion.

Finance-Banking

Vietnam not manipulating currency: US Treasury

10:41 | 20/11/2024 Finance-Banking

The U.S. Department of the Treasury has officially announced in its latest report that Vietnam does not manipulate currency.

VIB, Flywire partner to streamline cross-border payments for students from Vietnam

16:46 | 18/11/2024 Finance-Banking

Vietnam International Bank (VIB) has announced a partnership with Flywire, a global payments enablement and software company based in Boston, to enable Vietnamese payers to digitally pay international education-related fees in their local currency to higher education institutions all over the world.

Vietcombank issues 2 trillion VND worth of green bonds for first time

18:55 | 16/11/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.

UK stands ready to help Vietnam build international financial hub

17:13 | 13/11/2024 Finance-Banking

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.

Environment

Hundreds of damaged irrigation reservoirs need repairing

09:02 | 20/11/2024 Environment

Việt Nam's system of dams and reservoirs is facing numerous challenges. Unusual rainfall patterns, flash floods due to climate change and the degradation of many structures pose significant safety risks.

Greening e-commerce crucial for sustainable development

10:47 | 18/11/2024 Environment

(VEN) - While e-commerce has emerged as a leading sector of the digital economy, driving economic growth and leading the digital transformation of businesses, it has also resulted in significant waste with adverse environmental impacts.

National Environmental Protection Plan ensures high quality living environment

08:59 | 18/11/2024 Environment

The plan aims to effectively conserve biodiversity and maintain ecological balance, proactively address climate change and promote a society that develops harmoniously with nature.

Super Typhoon Man-yi to move into East Sea on November 18

17:13 | 17/11/2024 Environment

Super Typhoon Man-yi is expected to batter the Philippines’ Luzon island on November 17 afternoon before moving into the East Sea hours later, becoming the ninth storm to affect Vietnam this year, according to the National Center for Hydro-Meteorological Forecasting.

Science - Technology

AI is core technology of 4th Industrial Revolution: Minister

11:19 | 20/11/2024 Science - Technology

Minister of Information and Communications Nguyen Manh Hung on November 19 emphasised that artificial intelligence (AI) is the core technology of the 4th Industrial Revolution, as important as the steam engine of the first Industrial Revolution, the power generator of the 2nd Industrial Revolution and the personal computer of the 3rd Industrial Revolution.

Global scientific luminaries to gather at VinFuture sci-tech week

11:08 | 19/11/2024 Science - Technology

The VinFuture Foundation has announced its flagship Science and Technology Week and Award Ceremony scheduled for December 4-7 in Hanoi, bringing together leading experts in pivotal technological domains such as materials sciences, AI, air pollution and environmental studies.

Hà Nội to host 2024 e-commerce and digital economy forum on November 21

17:23 | 17/11/2024 Science - Technology

The event aims to address the practical needs of businesses in the industrial and trade sectors as they navigate digital transformation.

Telecoms service providers invest in 4G, 5G technologies

17:20 | 17/11/2024 Science - Technology

Telecoms service providers in Vietnam are investing in 4G and 5G mobile phone connectivity infrastructure at the same time.

Society

Domestic firms seize opportunities to join North-South high-speed railway project

15:50 | 20/11/2024 Society

Teachers in digital age confronted with new challenges

08:59 | 20/11/2024 Society

Modernising classrooms, labs and research equipment is one of the urgent tasks that must be completed for higher education, in addition to the thorough application of university autonomy.

Vietnam, China open two temporary cross-border routes

15:59 | 19/11/2024 Society

Beijing – Vietnam and China on November 17 opened two temporary cross-border corridors to facilitate travel, trade and people-to-people exchanges.

Concerted efforts made to eradicate temporary, dilapidated houses in 2025

11:10 | 19/11/2024 Society

From 2000 to 2023, more than 1.7 million homes have been either newly built or repaired to support poor households and those facing difficult circumstances.

Vietnamese Brands

VN takes part in food and beverage fair in Chicago

09:45 | 20/11/2024 Vietnamese Brands

The event is organised by the Private Label Manufacturers' Association (PLMA).

Hòa Bình honey awaits reactions from UK

10:41 | 19/11/2024 Vietnamese Brands

Farmers, producers, and the agricultural authorities in Hòa Bình Province are waiting for feedback on their locally produced honey, which was exported for the first time to the UK last month.

Post-Typhoon Yagi trade networking event starts in Hải Dương

10:04 | 19/11/2024 Vietnamese Brands

The Hải Dương Handicrafts Association and Nam Vũ Clean Agricultural Cooperative organised a trade event in Thanh Hà District to help local businesses expand markets and find partners after Typhoon Yagi.

Hòa Bình exports honey and pearl onions to UK

10:17 | 16/11/2024 Vietnamese Brands

This shipment marks Hòa Bình Province's second export of processed agricultural products to the UK, and has a value exceeding VNĐ300 million (US$11,800).

Culture

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

15:04 | 20/11/2024 Culture

Vietnamese designers tell stories of culture at Fashion Week

10:14 | 20/11/2024 Culture

Vietnamese fashion designers took audiences in Hà Nội on a journey to explore the country’s culture and heritage through their new collections presented at the Aquafina Việt Nam International Fashion Week (AVIFW) Fall/Winter 2024.

Creative City promotes socio-economic development, says expert

09:59 | 20/11/2024 Lifestyle

The design festival became one of Hà Nội's commitments after joining UNESCO's Creative Cities Network in 2019.

Five Vietnamese creations listed among the world’s 100 best-rated dishes with coconut

10:54 | 19/11/2024 Culture

The dishes include pomelo sweet soup (ranking 33), honeycomb cake (ranking 42), coconut steamed rice with baby shrimp (ranking 80), husband and wife cake (ranking 91) and coconut pandan waffles (ranking 93).

Tourism

Folk cultural festival on Côn Đảo Island attracts tourists

10:07 | 20/11/2024 Tourism

The death anniversary of Lady Phi Yến, the 239th, the biggest folk cultural festival on Côn Đảo Island, attracted many Vietnamese and foreign audiences.

Tra Que named among world’s best tourism villages in 2024

11:20 | 18/11/2024 Tourism

Tra Que vegetable village in the central province of Quang Nam has become Vietnam's sole representative to earn a spot on the United Nations World Tourism Organisation's (UNWTO) 2024 list of the world’s 55 best tourism villages.

Quảng Ninh to attract more foreign tourists by year-end

16:52 | 14/11/2024 Tourism

The northeastern province of Quảng Ninh, home to Hạ Long bay, a UNESCO World Heritage Site, is actively working to reach its target of 19 million visitors in 2024, including 3.5 million international arrivals.

Vietnam promotes int’l cooperation in MICE tourism development

14:47 | 14/11/2024 Tourism

(VEN) - MICE is a type of tourism that combines meetings, incentives, conferences, and exhibitions organized by businesses for their staff, employees, and partners. Compared to other countries in the region, Vietnam is considered to have great potential for MICE tourism development.