Finance - Banking

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.

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.

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.

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.

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.

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.

Trước Sau

Latest Most Read

Steering Committee for operation of Long Thanh Airport established

17:25 | 15/12/2024 Society

(VEN) - On December 14, the Ministry of Transport issued the decision on the establishment of the Steering Committee for the Preparation for the Operation of Long Thanh International Airport (Long Thanh Airport).

Deputy PM receives Cuban Minister of Agriculture

17:02 | 15/12/2024 Cooperation

Vietnam is fully committed to, together with Cuba, lead the two countries' traditional friendship to overcome challenges and difficulties, Deputy Prime Minister and Foreign Minister Bui Thanh Son told Cuban Minister of Agriculture Ydael Jesus Pezez Brito at their meeting in Hanoi on December 14.

Party chief pays tribute to President Ho Chi Minh at House 67

16:58 | 15/12/2024 News and Events

Party General Secretary To Lam paid his respect to President Ho Chi Minh at House 67 in the President Ho Chi Minh Relic Site inside the Presidential Palace in Hanoi on December 15 morning on the occasion of 70 years since the late leader lived and worked at the Palace.

Cao Bang promotes UNESCO-recognised global geopark

13:11 | 15/12/2024 Tourism

The northern mountainous province of Cao Bang has made significant efforts to preserve the heritage values of its Non nuoc Cao Bang UNESCO Global Geopark, aiming to foster sustainable tourism development.

Hue has rich potential for green, digital economic development

13:07 | 15/12/2024 Culture

Hue holds significant advantages in leveraging its heritage as a foundation for green and digital economic growth.

Multimedia

Video Longform Infographic Photo

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

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.

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.

Policy

PM urges combating group interest during apparatus restructuring

10:47 | 13/12/2024 Policy

Prime Minister Pham Minh Chinh on December 12 highlighted the need to counteract group interests and personal gains during the restructuring process of the organisational apparatus, and develop appropriate policies to safeguard officials and public servants’ legitimate rights and interests.

Vietnam viewed as a priority in India's Act East policy

15:20 | 12/12/2024 Policy

The Secretary (East) at the Indian Ministry of External Affairs has highlighted Vietnam as one of the first countries with which India has engaged in a multi-dimensional manner as part of the South Asian nation’s Act East 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

Industry & Trade

Garment industry urged to gain self-sufficiency in raw materials for UK expansion

15:23 | 13/12/2024 Industry

Vietnam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.

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.

Investment

FDI remains vital contributor to boost economic growth

09:06 | 13/12/2024 Investment

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Total investment for Bien Hoa - Vung Tau expressway project to increase by VND6.3 trillion

14:54 | 12/12/2024 Investment

(VEN) - The total investment of Bien Hoa - Vung Tau expressway project is expected to increase by nearly VND6.3 trillion compared to the initial estimate approved by the National Assembly.

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).

Finance-Banking

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

15:16 | 13/12/2024 Finance-Banking

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

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.

Environment

French agency ready to support Ninh Thuan in climate adaptation project

11:38 | 14/12/2024 Environment

The French Development Agency (AFD) has expressed its readiness to assist the south-central province of Ninh Thuan in preparing necessary conditions for the early implementation of a project aimed at addressing drought, erosion, and flooding, and climate change adaptation.

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.

Science - Technology

NVIDIA deal – catalyst for Vietnam’s tech growth: investment site

09:48 | 13/12/2024 Science - Technology

Vietnam’s partnership with US tech giant NVIDIA has reflected the Southeast Asia country’s proactive technology development strategy as well as its significant economic potential, according to Vietnam-briefing.com, an investment site of legal tax and operational advisory provider Dezan Shira & Associate.

Vietnam among pioneers in responsible technology development: Singaporean site

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

In an era where Artificial Intelligence (AI) is advancing at a rapid pace, Vietnam is taking steps to ensure that its AI development is ethical and socially responsible, according to an article recently published on Singaporean site opengovasia.com.

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.

Society

Steering Committee for operation of Long Thanh Airport established

17:25 | 15/12/2024 Society

Vietnam needs 14 billion USD to develop EV charging stations

16:46 | 14/12/2024 Society

To build a green transport system, Vietnam will need nearly 14 billion USD to develop a network of charging stations, said insiders.

Nearly VND8.3 trillion Thuong Cat Bridge construction project approved

15:08 | 13/12/2024 Society

(VEN) - On December 12^th, Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan signed a decision approving the plan and location of Thuong Cat Bridge project.

Hanoi plans to build nearly 600km of urban railway by 2045

10:51 | 13/12/2024 Society

Hanoi has approved the development of a comprehensive plan to invest in the capital’s urban railway system, with the goal of constructing more than 600 kilometres of rail by 2045.

Vietnamese Brands

Hanoi promotes key industrial products

12:57 | 15/12/2024 Vietnamese Brands

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

Building a strong brand for Ha Giang’s thick-skinned orange

14:31 | 12/12/2024 Vietnamese Brands

(VEN) - With high nutritional value good for health, the thick-skinned orange has become well-known as a specialty of Ha Giang Province.

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.

Culture

Hue has rich potential for green, digital economic development

13:07 | 15/12/2024 Culture

Hue holds significant advantages in leveraging its heritage as a foundation for green and digital economic growth.

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.

Tourism

Cao Bang promotes UNESCO-recognised global geopark

13:11 | 15/12/2024 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.