refined laws required to combat laundering

Refined laws required to combat laundering

Vietnam is working to implement anti-money laundering regulations within the crypto sector amid a global rise in digital assets.
ministry proposed to upgrade national highways connecting with laos china

Ministry proposed to upgrade national highways connecting with Laos, China

The Department of Roads of Vietnam (DRVN) has just proposed a project to the Ministry of Transport to upgrade and renovate national highways connecting Vietnam with northern Laos and China.
cashless society ambitions offered a helping hand

Cashless society ambitions offered a helping hand

Vietnam is swiftly revolutionising its financial sector by phasing out outdated card technologies, embracing non-cash solutions, and enacting laws to enhance security.
digital banks step up adoption of credit cards in vietnam

Digital banks step up adoption of credit cards in Vietnam

Digital banks are teaming up to accelerate the use of credit cards with cutting-edge technology in Vietnam.
several vietnamese banks see top tier reshuffles

Several Vietnamese banks see top-tier reshuffles

Some banks in Vietnam, including Eximbank, PGBank, and VIB, have recently undergone significant leadership changes.
banks address green credit significance

Banks address green credit significance

Significant progress has been made in the sustainable finance market in Vietnam, with banks actively promoting bonds and loans to facilitate the development of projects aligned with environmental, social, and governance frameworks.
banks must be decisive in green financing mission

Banks must be decisive in green financing mission

The sustainable finance market is growing rapidly, enabling the sector to meet the long-term needs of an environmentally sound economy. Allen Forlemu, the International Finance Corporation’s regional director of Financial Institutions Group for Asia-Pacific, talked to VIR’s Linh Le about the urgency for greening the sector as Vietnam.
uob adjusts 2023 growth forecast for vietnam

UOB adjusts 2023 growth forecast for Vietnam

UOB (United Overseas Bank) has adjusted its full-year growth forecast for Vietnam to 5 per cent from 5.2 per cent previously, with the assumption of further acceleration of real GDP growth in Q4 at 7 per cent on-year.
vietnam receives 41 million from world bank for sale of forest carbon credits

Vietnam receives $41 million from World Bank for sale of forest carbon credits

Vietnam has received over $41 million from World Bank for sale of forest carbon credits, equal to 80 per cent of the committed amount under the Emission Reductions Payment Agreement.
borrowers struggle to benefit from new lending policy

Borrowers struggle to benefit from new lending policy

Borrowers are finding it challenging to obtain new loans from banks to settle their existing debts at a different bank, despite the recent implementation of a regulation permitting debt transfer.
central bank keeps close eye on forex market movements

Central bank keeps close eye on forex market movements

The State Bank of Vietnam is monitoring and taking action to moderate exchange rate movements in the face of weakening regional currencies.
vietnam to consolidate fiscal stance in line with 2030 strategy

Vietnam to consolidate fiscal stance in line with 2030 strategy

The government should continue to support the expansion of domestic demand, which is gaining momentum for recovery, as a fiscal solution for spurring on economic growth, experts have suggested.
intricacy urged in cybercrime battle

Intricacy urged in cybercrime battle

As criminals exploit advanced technologies, both banks and customers face amplified risks, necessitating collaborative and advanced countermeasures.
new rating agency approval shores up credit confidence

New rating agency approval shores up credit confidence

Vietnam’s corporate bond market is set for a transformative leap with the entrance of a new credit rating agency, paving the way for renewed confidence and alignment with global standards.
sbv issues another 20 trillion vnd worth of treasury bills

SBV issues another 20 trillion VND worth of treasury bills

The State Bank of Vietnam (SBV) on September 27 continued to offer 28-day treasury bills worth 20 trillion VND (833 million USD) through an auction.