Finance

Bad debt at banks continues to rise in both amount and ratio

25/11/2024 09:20 Finance

After nine months of 2024, bad debt balances at banks continue to rise, potentially posing risks to the banking sector if control measures aren't implemented.

Monetary policy forecast unlikely to loosen further

24/11/2024 18:18 Finance

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.

Green credit proportion remains low due to lack of specific evaluation criteria

24/11/2024 09:02 Finance

As of the end of September 2024, 50 credit institutions had outstanding green credit balances exceeding VND 665 trillion, accounting for over 4.5% of the total outstanding loans in the economy.

Launching virtual assistants to support taxpayers

23/11/2024 17:50 Finance

VCN - According to the Hanoi Tax Department, the department manages 236,000 enterprises and 235,000 business households and over 10 million personal tax codes.

Banks increase non-interest revenue

23/11/2024 10:51 Finance

VCN - In the first 9 months of 2024, the group of banks leading in profit has focused on increasing the ratio of non-term deposits (CASA) to help reduce operating costs, resulting in positive credit growth.

Monetary policy forecast unlikely to loosen further

22/11/2024 15:51 Finance

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.

World Bank outlines path for Vietnam to reach high income status

13:44 | 22/11/2024 Finance

The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.

Strictly control public debt and ensure national financial security 2025

09:26 | 22/11/2024 Finance

VCN - According to the plan for borrowing and repaying public debt and foreign debt of the country in 2025, the total borrowing demand of the Government in the year is expected to be at VND 815,238 billion, an increase of 20.6% compared to the Government'

Revising the title of a draft of 1 Law amending seven finance-related laws

14:33 | 21/11/2024 Finance

On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws.

Transparency evates the standing of listed companies

09:47 | 21/11/2024 Finance

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.

State-owned securities company trails competitors

14:46 | 20/11/2024 Finance

Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.

Strengthening the financial “health” of state-owned enterprises

09:23 | 20/11/2024 Finance

VCN - According to the State Capital Management Committee at Enterprises, to date, the country has six hundreds and seventy one SOEs including 6 economic groups, 53 state-owned corporations and 19 LLCs operating under the parent-subsidiary model.

U.S. Treasury continues to affirm Vietnam does not manipulate currency

13:46 | 19/11/2024 Finance

In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.

Exchange rate fluctuations bring huge profits to many banks

13:43 | 19/11/2024 Finance

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.

A “picture” of bank profits in the first nine months of 2024

09:42 | 19/11/2024 Finance

VCN - Pre-tax profits for banks during the first nine months of 2024 remained positive, exceeding 200 trillion VND, solidifying the sector's position as a market leader.

Many challenges in restructuring public finance

10:02 | 18/11/2024 Finance

VCN - Public finance reform is one of the 6 contents of state administrative reform in the period of 2021 - 2030 according to Resolution 76/NQ-CP dated July 15, 2021 of the Government and this is an important task, contributing to supporting other tasks,

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Keeping inflation in check a priority for 2025

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Debt repayment pressure continues to weigh on corporate bond market

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2025 a new era for financial institutions

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Positive outlook for Việt Nam’s banking sector in 2025

08:04 | 16/01/2025 Finance

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.