Keyword: "financial sector"

Recent financial disclosures from over 900 listed enterprises reveal a 20.9% year-on-year growth in profits after tax for the fourth quarter (Q4) of 2024.

Establishing a transparent legal framework for digital assets is an urgent requirement, offering a "golden opportunity" for Vietnam to leap forward in the digital era and solidify its position on the global technology map.

The prevalence of cross-shareholding in the banking sector has caused concerns among experts as they believe the situation could render banks' financial valuations inaccurate.

The reformation of Indonesia’s financial sector through the implementation of the Law on Financial Sector Development and Strengthening (UU P2SK) will be based on five pillars, Vice Minister of Finance Suahasil Nazara has said.

The Ministry of Finance is taking various scenarios under consideration to cope with global uncertainty to complete its budget collection target as set by the National Assembly, Minister Ho Duc Phoc told Vietnam News Agency’s reporter on the occasion of Lunar New Year 2023.

The Vietnamese-funded Dongkhamxang Academy of Economics and Finance (third phase) was inaugurated in Vientiane capital on January 11 within the framework of the official visit to Laos by Prime Minister Pham Minh Chinh.

Vietnam needs to develop a strong domestic banking and financial sector that can provide a guaranteed funding base for decarbonising the oil economy, Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, told the Vietnam News Agency (VNA) on July 29.

A project to improve early warning and risk management capacity for Vietnam's financial sector was launched at a ceremony held by the National Financial Supervisory Commission (NFSC) and the Korea International Cooperation Agency (KOICA) in Vietnam on June 15 in the northern province of Quang Ninh.

The Asian Development Bank (ADB) on December 8 signed agreements to provide 332 million USD for Cambodia to support the Southeast Asian nation in responding to COVID-19, developing its financial sector and urban infrastructure, and improving road network.

The World Bank’s Board of Executive Directors has approved a loan of 400 million USD to support reforms that will help the Government of Indonesia increase the depth, improve the efficiency, and strengthen the resilience of the financial sector.

Prime Minister Pham Minh Chinh has told the Finance Ministry to reform the mindset on policy building in the direction of mobilizing resources from all sources and using all resources in an effective and economical manner.

The financial sector needs to renovate more strongly to free up resources to meet the country’s development objectives, Prime Minister Nguyen Xuan Phuc told an online meeting to review financial sector and State budget performance in 2020 and define tasks for 2021.

The financial sector expects to collect over 1.343 quadrillion VND (58.4 billion USD) for the State budget in 2021, equivalent to 15.5 percent of the country’s gross domestic product (GDP), said the Ministry of Finance.

A ceremony for the Vietnam Outstanding Banking Awards 2020 was held by the Vietnam Banks Association and International Data Group Vietnam (IDG Vietnam) on November 26 in Ho Chi Minh City.

Prime Minister Nguyen Xuan Phuc on October 31 urged the financial sector to mobilise and effectively use capita resources in order to increase potential for the national economy.

Singapore’s financial sector created 22,000 jobs between 2015 and 2019, and of these, three out of the four jobs went to locals, said a top official from the Monetary Authority of Singapore (MAS) on August 12.

Listed companies on the Hanoi Stock Exchange (HNX) reported their post-tax profits grew 4.8 percent year-on-year to reach 21.4 trillion VND (912.86 million USD) in 2019.

A ceremony for the Vietnam Outstanding Banking Awards 2019 was held in Ho Chi Minh City on November 27 by the Vietnam Banks Association and the International Data Group (IDG).

The European Union (EU) – Vietnam Free Trade Agreement (EVFTA) is set to have considerable impact on the future of the financial and telecom sectors of Vietnam, heard a workshop in Hanoi on October 23.

Vietnam’s economy will grow at 6.6 percent this year, slightly down from last year’s 7.1 percent, HSBC has forecast in a report it released this week.