VPBank takes ownership of GPBank
By Thanh Van
January 17, 2025 | 15:45
The SBV has announced the transfer of the stated-owned GPBank to VPBank.
Variables expected to address US policy
By Vy Vy
January 16, 2025 | 19:00
Amid the strengthening dollar on international markets and USD/VND exchange rates at banks hovering near the upper allowable limit, the State Bank of Vietnam is projected to raise regulatory interest rates to alleviate pressure on foreign reserves.
VND rate outlook mixed on eve of next US term
By Hazy Tran
January 16, 2025 | 15:30
The exchange rate is expected to remain stable this year within a 2-3 per cent range, supported by positive factors in the foreign exchange market, despite significant impacts from the strong and rising USD.
Real estate groups rush to restructure their bond debts
By Binh Minh
January 15, 2025 | 14:28
Many real estate firms are clearing bond debts to explore new opportunities, with bondholders that faced delayed payments in the last couple of years opting for debt restructuring over liquidating collateral assets.
Banks to comply with biometric changes
By Hong Lam
January 15, 2025 | 13:00
Foreign banks operating in Vietnam must complete the biometric verification requirement for transferring funds to personal accounts, with all banks aiming to make verification mandatory for corporate clients this year.
Digital payment penetrates every aspect of Vietnamese life
By Nhue Man
January 15, 2025 | 09:47
Digital payment is penetrating Vietnam's economy and society as it brings convenience, benefits, and economic gains to consumers.
Forty enterprises with capitalisation of over 1 billion USD each listed on HoSE
By VNA
January 14, 2025 | 09:13
As many as 40 enterprises with capitalisation of over 1 billion USD each had been listed on the Ho Chi Minh Stock Exchange (HoSE) by the end of 2024, the bourse has announced.
Cross-border QR payment service launched between Vietnam and Laos
By Thanh Van
January 13, 2025 | 18:44
A cross-border QR payment service between Vietnam and Laos has been launched to bolster tourism and spending between the two countries.
State budget revenues rise compared to previous year
By Khoi Nguyen
January 13, 2025 | 10:11
Vietnam’s state budget landscape in 2024 witnessed a major surplus, fuelled by an increase in revenues from many sources.
Remittances to Ho Chi Minh City top $9.6 billion in 2024
By Thanh Van
January 10, 2025 | 13:59
Remittances to Ho Chi Minh City reached a record $9.6 billion in 2024, up $140 million from the previous year.
Banks launch promotions to hail Year of the Snake
By Hong Thuy
January 09, 2025 | 11:08
Banks in Vietnam are trying to attract customers with a variety of promotions at the start of the year.
Standard Chartered Vietnam named Best Foreign Bank and Best Digital Bank 2024
By Thanh Van
January 09, 2025 | 09:00
On January 8, Standard Chartered Bank Vietnam has been named “Best Foreign Bank Vietnam 2024” for the fourth consecutive year and “Best Digital Bank Vietnam 2024” for the second consecutive year by Global Business Review.
Banking sector seeks to build on last year’s strong growth
By Hazy Tran
January 08, 2025 | 12:00
2024 marked a successful year for the banking system, with achievements in monetary policy and credit institution performance, setting the stage for ongoing efforts on bad debts, green credit, and sandboxes.
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