The State Bank of Vietnam (SBV) is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.
More than 3,200 fraudulent websites were detected in the first three months of 2023 in Vietnam, according to the Ministry of Information and Communications (MIC).
Stronger investment into processing by-products of tra fish will be a way for Vietnam to optimise their huge potential and values amid the expanding tra fish sector, according to experts.
Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.
Thai police on March 22 announced that they had arrested 20 suspects, including five Indians and 15 Thais, for alleged involvement in a phone scam network preying on elderly Americans.
Vietnamese digital payment firm Momo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.
The Paris-headquartered Financial Action Task Force (FATF) has removed Cambodia and Morocco from its grey list of high-risk countries for money laundering after the Southeast Asian nation had been listed since 2019.
Prime Minister Pham Minh Chinh has signed Decision No. 64/QD-TTg dated February 8, 2023, promulgating the regulations on coordination among ministries, ministerial-level agencies, and governmental agencies in prevention and control of money laundering and terrorist financing.
The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.
Giving away lucky money is a traditional Lunar New Year (Tet) custom through which Vietnamese people exchange the best wishes with one another, hoping for a year of peace and good luck.
After hitting a record low in 2022, Vietnam’s money supply (M2) will rebound in 2023 and become an important driver for the recovery of the stock market, KB Securities Vietnam (KBSV) forecast.
The Philippine House of Representatives on December 15 approved a bill on the establishment of the "Maharlika Investment Fund" with capital of 2 billion USD, much lower than the original proposal.
Private-sector economists have lowered their growth forecast for Singapore next year to 1.8%, according to the latest survey of professional forecasters released by the Money Authority of Singapore (MAS) on December 14.
A lot of money borrowers have been recently cheated on online lending applications which seem to ask for simple procedures at first but then claim cut-throat interest rates.
The police has received 1.7 trillion VND (69.35 million USD) handed back by those involved in the COVID-19 test kit case scandal at Viet A Technologies JSC, Lieutenant General To An Xo, Chief of the Office and Spokesperson of the Ministry of Public Security, said at the Government’s regular press conference on December 1.
The National Assembly (NA) adopted the revised Law on Money Laundering Prevention and Control and a resolution on promoting the implementation of policies and law on thrift practice and wastefulness prevention on November 15.
Lawmakers will vote to approve a number of important bills and resolutions on November 15 before concluding the fourth session of the 15th National Assembly (NA).
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