Economy and commerce
Banking and financial services
Legal framework critical to boosting green credit
Green growth and sustainable development is now an inevitable trend and a goal that all countries are striving for, including Vietnam, as it faces environmental problems heavily impacted by climate change.There remain many barriers to green credit supply. Among them, there is still a lack ...
New policy promotes green banking development in Vietnam
The State Bank of Vietnam (SBV) is pushing all credit institutions to go green in terms of banking and credit. They have issued a decision (Decision No 1663/QD-NHNN) aimed at making it easier to access green capital for green projects and the SBV requires all ...
SBV to soon complete legal framework for wider Fintech application
The State Bank of Viet Nam (SBV) is completing a legal framework to boost the development of digital banking and Fintech. According to Pham Xuan Hoe, deputy director of the Banking Strategy Institute, Viet Nam’s Fintech market will be worth US$9 billion in 2020, making it ASEAN’s fourth-largest ...
Thuy Dung
Microfinance helps rural women start businesses
For years, German’s Federal Ministry of Economic Co-operation and Development, Savings Banks Foundation for International Co-operation have helped the Việt Nam Women’s Association and TYM with microfinance activities.Under a regional project strengthening regional microfinance networks in former Indochina and Myanmar, German helped Tình thương One ...
Việt Nam ranks second in fintech investment in Southeast Asia
Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia. In Việt Nam, the leading field attracting venture capital in fintech companies was payment. Fintech companies are targeting about 300 million adults in Southeast Asia who ...
Green finance for renewable energy
As part of the strategy of sustainable national development, prioritizing capital sources for customers, who are investing in green production, environment-friendly production and renewable energy (RE) sectors is extremely important.Currently, banks have begun to gradually increase the proportion of green credit – credit for RE ...
Banks now keen on green credit
Green credit is now a trend in the global banking and finance industry and more Vietnamese banks are following suit. The State Bank of Vietnam (SBV) has taken welcome steps to develop Vietnam’s green credit market with its successful pilot of the Green Credit Program, according ...
Mobile banking project launched for low income people, women
The Vietnam Bank for Social Policies (VBSP) on September 6 officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low-Income People and Women in Vietnam” – Phase 2 (Mobile Banking 2).The project is funded by the Australian Foreign Affairs and Trade ...
New regulations on foreign exchange management
The State Bank of Viet Nam has issued Circular No. 06/2019/TT-NHNN on foreign exchange management for foreign direct investment activities in Viet Nam.The Circular, scheduled to take effect since September 6, 2019, regulates such activities like capital contribution, opening and use of foreign currency and ...
State Bank issues new regulations on use of foreign currencies in Vietnam
The State Bank of Vietnam has issued Circular 03/2019/TT-NHNN to amend and supplement several provisions of Circular 32/2013/TT-NHNN on restricting the use of foreign currencies in the territory of Vietnam.Accordingly, Circular 03 supplements certain provisions regarding the cases that non-residents are allowed to use foreign ...
