Banking & Finance

By the end of 2024, the benchmark VN-Index reached 1,266.78 points, up 12.11% from 2023.

This measure is expected to accelerate the recovery of production and business activities, which will ultimately benefit the state budget and the economy as a whole.

Growth must put operational safety first, and channel credit to productive business sectors, priority areas, and growth-driving industries.

The new commitments aim to bolster Vietnam's shift towards a low-carbon economy while enhancing private-sector resilience and competitiveness.

Vietnam’s central bank has set a credit growth target of around 15% this year.

In Hanoi's smart city development strategy, smart payment and open banking ecosystems are critically important.

Starting November 2, foreign investors will no longer be required to pre-fund 100% of their transactions, promising the removal of a major roadblock for Vietnam's market upgrade process.

Hanoi’s leaders believe that all that's left to do is act with the ultimate goal of serving people from smart transportation, armed with the mindset and solutions of a new global vision and thinking.

The increase in bank bond issuance is largely driven by the need to comply with the State Bank of Vietnam’s capital adequacy requirements.

Key challenges for the remainder of the year include lowering interest rates, providing low-cost credit, and adopting cost-cutting technologies.

The two sides will focus on cooperation in digital transformation, cybersecurity, tax management, and market operations.

Vietnam’s Q2 GDP growth surged to 6.9%, the highest in two years and well above market expectations of 6%.

The Hanoi Department of Taxation will continue to review and standardize personal tax identification data, and to develop solutions for digitizing and electronic processing of various stages to support taxpayers.

Vietnam has 3.1 million business households and individuals, many of whom sell goods and services online without registering, declaring, or paying taxes.

The surge in credit following a period of stagnation is partly attributed to increased borrowing and corporate bond issuance in the latter half of the year.

Institutions purchasing corporate bonds in the primary market accounted for 94.8% of the issuance volume, with credit institutions (53.5%) and securities companies (21.9%) being the main buyers.