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Financial Markets

Government urges control of cryptocurrencies

HCMC - In a bid to address concerns over money laundering and terrorist financing linked to virtual assets, the Government has tasked the Ministry...

Outstanding loans at HCMC banks plummet in early 2024

HCMC - The demand for loans in HCMC has remained woefully low, with total outstanding loans declining in the year to date. In January, total...

PM pushes for securities data integrity

HCMC - Prime Minister Pham Minh Chinh has issued Directive 04, urging the validation of data in the securities sector, emphasizing the Government's commitment...

Digital money transfers surge in January

HCMC – The National Payment Corporation of Vietnam (NAPAS) recorded a surge of over 50% in digital money transfer transactions in January compared to...

Major banks cut deposit rates further

HCMC - Commercial banks have continued their interest rate cut cycle, with deposit rates falling by 0.2 to 0.3 percentage point just ahead of...

Banks required to disclose minor stakeholders from July 1

HCMC – Commencing July 1, commercial banks will be required to publicly disclose information about stakeholders who hold 1% of their charter capital and...

New market trends to shape Vietnam’s banking system – report

HCMC - Emerging trends in digital payment, artificial intelligence (AI) and sustainable development present both opportunities and challenges that could impact banks in Vietnam...

Banks slash deposit rates further

HCMC – Three State-run banks – BIDV, VietinBank and Agribank – further cut deposit rates by 20 to 40 basis points today, January 17. BIDV...

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