Vietnamplus

The State Bank of Vietnam (SBV) has set a target to stop cross-ownership among credit institutions (CIs) by the end of 2020.

Vietnamese companies are depending too much on bank loans, and when the number of companies increases, it will reduce their chance of receiving financing from financial institutions.

Overseas Vietnamese sent home 3.8 billion USD through Ho Chi Minh City-based financial institutions during January-October.

Financial institutions and research organisations at home and abroad have shown their optimism about Vietnam’s economic growth in the second half of 2018 and the whole year.

A large number of poor people and women in Vietnam have not accessed mobile banking.

Deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu speaks to Vietnam News Agency's English-language newspaper Viet Nam News about these issues on the sideline of the recent ADB 51st Annual Meeting in Manila, the Philippines

Transactions involving cryptocurrencies and digital assets in general are subject to a 15 percent tax under a cryptocurrency law which took effect in Thailand on May 14.

The State Bank of Vietnam (SBV) has ordered financial institutions and other organisations providing payment brokerage services not to conduct cross-border transactions in cryptocurrency for fear of money laundering, terrorism sponsoring, tax evasion and fraud.

A Vietnamese delegation led by Acting Chairman of the National Financial Supervisory Commission (NFSC) Truong Van Phuoc has paid a working visit to Italy, aiming to strengthen bilateral cooperation in financial supervision.

The Vietnam Joint Stock Commercial Bank of Industry and Trade (Vietinbank) has signed a syndicated loan agreement worth 100 million USD with eight foreign financial institutions.

To successfully deploy big data in the banking sector, there must be a comprehensive strategy using professional teams who have deep understanding of both finance and technology.

The International Finance Corporation (IFC), a member of the World Bank Group, will support Southeast Asian countries to establish and develop the ASEAN Financial Innovation Network (AFIN).

The Ministry of Finance will push ahead with improving financial institutions in the years to come to realise the country’s socio-economic development plan in 2016-2020.

Domestic and foreign companies are vying to invest in the Airports Corporation of Vietnam (ACV), a State-owned company of the Ministry of Transport managing 25 airports across Vietnam.

The financial integration of the ASEAN Economic Community (AEC) will help Vietnamese companies in the banking, insurance and securities sectors to increase their market share.

Top representatives of the Republic of Korea (RoK)’s financial bodies have underlined the necessity for the country and Vietnam to foster cooperation for the regional financial stability.

The State Bank of Vietnam (SBV) has approved in principle the merger of Southern Bank (PNB) into Sai Gon Thuong Tin Bank (Sacombank).