Banking and financial services

At “Vietnam merger and acquisition (M&A) forum 2018”, Deputy Prime Minister Vuong Dinh Hue said that in restructuring of the country’s banking industry, the Government plans not to license any more wholly foreign-owned banks in Viet Nam, instead encouraging foreign banks to acquire domestic banks.Besides ...

State Bank of Viet Nam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.Keep reading ...

Beginning March 3, 2018, persons who are between 15 and 18 years old can open debit cards, credit cards and prepaid cards without the need to provide proof of income’s sources, according to the State Bank of Viet Nam.Keep reading ...

Việt Nam has made significant progress in banking reforms to expand sustainable lending, says the first comprehensive Global Progress Report of the Sustainable Banking Network (SBN), released on February 26.Keep reading  ...

Nhiều ngân hàng ở Việt Nam vẫn chậm niêm yết cổ phiếu lên sàn mặc dù chính phủ đặt mục tiêu sẽ có 10 ngân hàng niêm yết cổ phiếu từ năm 2013 đến 2016. Đọc tiếp  ...

On November 20, National Assembly (NA) officially passed the amended Law on Credit Institutions (CI), which will be effective from January 15, 2018.[] A noteworthy addition, the option of bankruptcy for CIs has never before been pushed through the NA, marking a new chapter for ...

Việt Nam has made great strides in integrating with the global economy and accomplished a great deal as its rapid economic growth in the past 30 years testifies. It is committed to opening up its finance sector, an important pillar in the economic integration process, ...

According to the World Bank’s Doing Business 2018 report, Vietnam climbed 14 places from from the 82nd to the 68th place out of 190 economies.Keep reading  ...