Finance - Banking

Việt Nam's stock market moves closer to emerging market status amid key policy changes

18:05 | 06/11/2024 Stock Market

The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.

Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital

15:46 | 05/11/2024 Finance-Banking

Ayudhya Public Bank Limited (Krungsri), a member of Japan's MUFG Group, has proposed to the Saigon - Hanoi Commercial Joint Stock Bank (SHB) that it will speed up the acquisition of the remaining 50% of SHBFinance’s charter capital.

Finance ministry proposes two price management scenarios for year-end

10:11 | 04/11/2024 Finance-Banking

The Ministry of Finance has released two price management scenarios to control inflation until the end of the year.

Banking sector prioritises support for import-export firms

16:35 | 02/11/2024 Finance-Banking

Affordable bank credit has supported businesses in key sectors that drive the country’s economic growth, Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City office, told a conference on October 31.

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.

S&P affirms Techcombank’s BB- rating

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

S&P Global Ratings has reaffirmed Techcombank’s issuer rating of BB- with a “stable” outlook, highlighting the bank’s robust profitability, stable capitalisation and strong asset quality.

Tax sector fulfils nearly 95% of state budget collection target

15:38 | 09/11/2024 Finance-Banking

The General Department of Taxation on November 7 reported that the total state budget collection of the sector in January – October was estimated at over 1.4 quadrillion VND (55.18 billion USD), or 94.8% of the annual projection and up 16.3% against the same time last year.

Smart Banking 2024 workshop and exhibition held

15:32 | 31/10/2024 Finance-Banking

While accelerating digital transformation, ensuring operational safety and information security is a priority. The remark was made by Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks’ Association (VNBA) at the Smart Banking 2024 workshop and exhibition held in Hanoi on October 29.

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.

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.

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.

Trước Sau

Latest Most Read

German businesses show resilience in Vietnamese market amid challenges

09:18 | 12/12/2024 Economy

With the global economy continuing to experience sluggish yet stable growth, characterised by ongoing challenges and uncertainties, German businesses remain optimistic regarding the Vietnamese market, according to the latest AHK World Business Outlook Fall 2024 survey.

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

09:05 | 12/12/2024 Infographic

Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.

HCM City needs over 40 million USD for seven railway lines by 2035

09:00 | 12/12/2024 Society

Ho Chi Minh City will need about 40.21 billion USD for constructing seven urban railway lines with a total length of about 355km by 2035, its Transport Department said.

Party leader visits Heroic Mothers, revolution contributors in Dong Thap

08:51 | 12/12/2024 News and Events

Party General Secretary To Lam visited and presented gifts to 80 policy beneficiaries, Heroic Vietnamese Mothers, and war veterans in the Mekong Delta province of Dong Thap on December 11, ahead of the 80th founding anniversary of the Vietnam People’s Army (December 22, 1944 - 2024), and the 35th anniversary of the All-People Defence Festival (December 22, 1989 - 2024).

Vietnam’s coffee exports possibly top 5 billion USD for first time

08:48 | 12/12/2024 Trade

Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass 5 billion USD for the first time.

Exhibition on royal culture of Huế opens

14:45 | 04/12/2024 Culture

A special exhibition featuring the history and development of Huế Citadel has opened at the Museum of Hồ Chí Minh City.

2024 Vietnam Business Day opens shop in Japan

14:49 | 04/12/2024 Vietnamese Brands

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".

AirAsia announces five new routes to Việt Nam

14:54 | 04/12/2024 Economy

AirAsia plans to strengthen Việt Nam's position as a key hub in the Indochina region by launching new routes to the popular destination.

Apparatus restructuring difficult but indispensable: PM

15:02 | 04/12/2024 News and Events

Rearranging the organisational apparatus is a difficult task but it is essential, Prime Minister Pham Minh Chinh affirmed on December 4 at a Government conference to carry out the review of the implementation of Resolution No. 18-NQ/TW, issued by the Party Central Committee in 2017, which seeks to streamline the political system for greater efficiency.

NA Chairman meets Vietnamese embassy staff in Japan

15:20 | 04/12/2024 News and Events

National Assembly (NA) Chairman Tran Thanh Man and a high-ranking delegation of the Vietnamese legislature met with staff of the Vietnamese Embassy in Japan on December 4 as part of their official visit to the Asian nation.

Multimedia

Video Longform Infographic Photo

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

09:05 | 12/12/2024 Infographic

Foreign tourists to Vietnam up 41% in January-November

09:11 | 11/12/2024 Infographic

In the first 11 months of 2024, Vietnam welcomed more than 15.8 million international visitors, up 41% over the same period last year. Visitors by continent included: Asia (12.61 million), Europe (1.78 million), and America (0.91 million), among others.

16 intangible cultural heritage elements recognised by UNESCO

10:06 | 06/12/2024 Infographic

The Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang was officially recognised by UNESCO as intangible cultural heritage of humanity at the 19th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage in Paraguay on December 4. With this recognition, the festival has become the 16th intangible cultural heritage element of Vietnam recognised by UNESCO.

Vietnam-Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World

08:49 | 04/12/2024 Infographic

National Assembly Chairman Tran Thanh Man and his spouse are paying an official visit to Japan from December 3-7. The visit is expected to promote the two countries' legislative ties in a practical and sustainable manner, thus concretising the comprehensive strategic partnership across spheres.

Streamlining political system's organisational apparatus

10:17 | 03/12/2024 Infographic

Party General Secretary To Lam has urged Party committees, Party organisations, agencies, units, and sectors at all levels to demonstrate the highest political determination in streamlining the political system's organisational apparatus.

Policy

Australia shows interest in Việt Nam's vision of a 'rising era'

16:54 | 08/12/2024 Policy

Việt Nam and Australia shared a vision of a peaceful, stable, and prosperous region and the relationship between Việt Nam and Australia have been growing fruitfully in all sectors.

Plan to streamline Government's organisational apparatus finalised

09:38 | 06/12/2024 Policy

According to Minister of Home Affairs Phạm Thị Thanh Trà, the government's restructuring extends beyond ministerial consolidation, and the number of units under ministries and ministerial-level organisations will be cut by 15-20 per cent

Vietnam slashes government apparatus, with 9 minitries, agencies cut

10:25 | 04/12/2024 Policy

Hanoi – Nine ministries and agencies under the Government will be consolidated under a resolution on streamlining and optimising the political system, Minister of Home Affairs Pham Thi Thanh Tra told the Vietnam News Agency.

Specific plans announced to restructure Party apparatus

16:46 | 03/12/2024 Policy

The plan will reduce at least four Party organisations, 25 Party delegations and 16 Party groups merged into others and add two more Party Committees under central management.

Industry & Trade

Vietnam’s industrial production rises by 8.4% in 11 months

16:29 | 09/12/2024 Industry

Hanoi – Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).

Việt Nam needs a competitive energy market: experts

16:59 | 08/12/2024 Energy

Economists, industry experts and policymakers at the event highlighted several critical challenges facing the country’s energy sector and the urgent need for strategic reforms.

Việt Nam resumes nuclear power project amid rising energy demands

17:07 | 07/12/2024 Energy

Vietnamese law-markers have approved the plan to resume the nuclear power project in the south – central province of Ninh Thuận after eight years of pause in an effort to ensure energy security while meeting Net Zero goal.

Việt Nam's supporting industry for electronics needs more support

16:58 | 07/12/2024 Support industries

In addition to the efforts of enterprises, Việt Nam's supporting industry for electronics production needs many helpful policies from the State to promote its development.

Investment

HCM City lays out plans for sound business climate with Japanese firms

16:50 | 11/12/2024 Investment

Ho Chi Minh City pledges to develop an equal and transparent business climate for foreign firms, including those from Japan, to aid in business development plans in the southern economic hub, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on December 9.

Hai Phong – a bright spot in attracting foreign investment

09:47 | 09/12/2024 Investment

With its advantageous geographical location, convenient transport connections, attractive investment environment, and consistent stance that the development of businesses is the development of the city, Hai Phong has witnessed a strong rise to become a bright spot in attracting foreign direct investment (FDI).

Vietnamese businesses explore Indonesian market

18:01 | 07/12/2024 Investment

A business networking session between a delegation from the Ho Chi Minh City Association of Mechanical-Electrical Enterprises (HAMEE) and the Indonesian Chamber of Commerce and Industry (KADIN) was held on December 5 in Jakarta.

Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

17:59 | 06/12/2024 Investment

Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached 31.4 billion USD in the first 11 months of 2024.

Finance-Banking

Realty stocks see signs of recovery

15:07 | 10/12/2024 Finance-Banking

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.

Finance ministry to use AI in stock market surveillance

09:18 | 08/12/2024 Finance-Banking

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.

Year-end profits put heavy pressure on banks

15:12 | 06/12/2024 Finance-Banking

(VEN) - As of the third quarter of 2024, only 11 out of 27 commercial banks have completed 75 percent or more of their pre-tax profit plans. Therefore, the year-end profit target is a huge pressure weighing heavily on their shoulders.

Party chief receives leader of Japan Bank for International Cooperation

08:51 | 05/12/2024 Finance-Banking

Party General Secretary To Lam hosted a reception in Hanoi on December 4 for Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi.

Environment

Bac Ninh closely monitors environmental protection at local craft villages

08:59 | 11/12/2024 Environment

(VEN) - Environmental pollution in some craft villages in the northern province of Bac Ninh has long become a “hot” issue. One typical example is the case of Phong Khe paper production village in Bac Ninh City.

Steel, thermal power enterprises participate in training course on ETS and carbon market

15:01 | 10/12/2024 Environment

From December 9-10, in Hanoi, 60 enterprises in the North participated in a training course on the Emission Trading System (ETS) and carbon market using the CarbonSim simulation tool.

Seeking capital for green transformation remains tough

16:52 | 05/12/2024 Environment

(VEN) - Shifting to green economy has become the goal of many countries and businesses around the world, including Vietnam. However, capital for green transition is still a difficult problem for the Vietnamese business community.

Drainage infrastructure development behind pace of urbanisation

11:07 | 04/12/2024 Environment

Domestic wastewater and rainwater are discharged directly into sewers, canals and ditches and then into main rivers.

Science - Technology

Vietnamese biotech products competitive on world market: Prof., Dr. Nguyen Van Nam

15:23 | 10/12/2024 Science - Technology

(VEN) - According to Professor, Doctor of Science Nguyen Van Nam, Chairman of the Vietnam Biochemical Technology JSC - BCC Group, Vietnamese biotech products are competitive on world market as Vietnam is aiming to export biotechnology to the US, EU, China...

NVIDIA to build AI research and data centres in VN

08:50 | 06/12/2024 Science - Technology

An agreement to develop two centres dedicated to artificial intelligence (AI) studies was signed between the Vietnamese Government and the American technology company NVIDIA.

VinFuture Sci-Tech Week starts in Hà Nội

16:53 | 05/12/2024 Science - Technology

VinFuture Foundation organised the 'Science for Life' symposia on December 4, opening the VinFuture Sci-Tech Week and Award Ceremony series in Hà Nội.

Nineteen initiatives receive Vietnam Smart City Awards 2024

11:46 | 04/12/2024 Science - Technology

The Vietnam Software and IT Services Association (VINASA) presented the Smart City Awards 2024 to 10 localities and authors of nine smart technological solutions during the Vietnam-Asia Smart City Summit 2024, held in Hanoi on December 3.

Society

HCM City needs over 40 million USD for seven railway lines by 2035

09:00 | 12/12/2024 Society

Ho Chi Minh City will need about 40.21 billion USD for constructing seven urban railway lines with a total length of about 355km by 2035, its Transport Department said.

Requirements for foreign drivers, vehicles operating in Vietnam

11:34 | 11/12/2024 Society

The Government has issued a Decree detailing provisions for the enforcement of the Law on Road Traffic Order and Safety, including conditions under which foreign motor vehicles and drivers may operate in Vietnam.

Ninh Thuan agrees with, places high expectations on nuclear power project: Official

16:22 | 09/12/2024 Society

Ninh Thuan - The Party organisation, administration, and people of Ninh Thuan province have high consensus and expectations on the nuclear power project which will be restarted in the south-central province after the 15th National Assembly (NA) approved the policy at its recent 8th session, according to Chairman of the provincial People’s Committee Tran Quoc Nam.

Clean energy vehicles to have their own rego stamps from 2025

15:58 | 09/12/2024 Society

(VEN) - According to Circular 53/2024 of the Ministry of Transport, motor vehicles running on clean, green, and environmentally-friendly energy will have a distinct color for their rego stamps.

Vietnamese Brands

2024 Vietnam Business Day opens shop in Japan

14:49 | 04/12/2024 Vietnamese Brands

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".

Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

14:55 | 02/12/2024 Vietnamese Brands

Under the theme 'Việt Nam’s OCOP Products: Gathering Values, Spreading Culture', Việt Nam’s pavilion spans 200 square metres.

Top 10 reputable logistics companies in 2024 announced

07:33 | 01/12/2024 Vietnamese Brands

The Vietnam Report JSC on November 29 announced the list of top 10 reputable logistics companies for 2024.

150 products honoured as “Vietnamese Goods Loved by Consumers 2024”

11:34 | 29/11/2024 Vietnamese Brands

A ceremony honouring the 150 most popular products voted by consumers took place in Hanoi on November 28.

Culture

Kinh Bac Art 3 contemporary painting exhibition opens

13:14 | 08/12/2024 Culture

(VEN) - On the afternoon of December 7, the Kinh Bac Art 3 contemporary painting exhibition was opened at the Appraisal and Exhibition Center of Art and Photography, 29 Hang Bai Street, Hoan Kiem District, Hanoi.

Exhibition on royal culture of Huế opens

14:45 | 04/12/2024 Culture

A special exhibition featuring the history and development of Huế Citadel has opened at the Museum of Hồ Chí Minh City.

Vietnamese artisans bring unique handicrafts to Milan

11:35 | 03/12/2024 Culture

Vietnamese firms are making their mark at the 28th Artigiano International Handicrafts Fair in Milan, the capital of Lombardy - Italy's largest economic and cultural hub, from November 30 - December 8.

Hanoi Digital Pho gives experience of unique culinary essence

09:19 | 03/12/2024 Culture

(VEN) - Hanoi has just introduced to consumers and tourists its cultural heritage - Hanoi Pho - in a unique way, which is digital Hanoi Pho.

Tourism

International visitors praise Phu Quoc as “beyond expectations”

14:05 | 09/12/2024 Tourism

According to top travel agencies, airlines, and leading online travel platforms, Phu Quoc offers world-class tourism products, leaving international visitors amazed every time they return.

Leading global tourism enterprises hail Phu Quoc as "Hawaii of the East"

09:20 | 09/12/2024 Tourism

Over 70 representatives from leading global airlines, travel agencies, and online travel platforms gathered in Phu Quoc for the famtrip program “Journey to Your True Paradise.” This significant event highlighted Phu Quoc’s potential, with participants unanimously recognizing the island as a “Hawaii of the East.”

Vietnam among top five favorite destinations for US tourists

21:08 | 08/12/2024 Tourism

(VEN) - In the first 11 months of 2024, the US is in the list of Vietnam's leading source of tourists with more than 706,000 visitors.

15.8 million int'l tourists came to Việt Nam in first 11 months, nearing 2024 target

07:00 | 07/12/2024 Tourism

Experts noted that the sharp increase in November is expected, as Việt Nam is in the peak international tourism season from October to March. The previous record for monthly international arrivals was set in November 2019, with over 1.8 million visitors.