Banking & Finance

Banks should exercise caution when making large loans to customers or financing large-scale projects to minimize risks.

The favorable economic backdrop has enabled banks to take advantage of ample asset origination opportunities to expand while rising household incomes and improved business cash flow keep credit risks in check.

The Hanoi-based company, with a registered capital of US$42.3 million, would oversee securities registration, deposit, clearing, and payment processes.

Vietnam’s total tax revenue was estimated at VND1,460 trillion ($61.86 billion), exceeding the estimate by 24.3%.

Banks are requested to be responsible for supporting growth and containing inflation simultaneously.

The expansion of the credit room by 1.5-2 percentage points would mean an addition of VND156-200 trillion ($6.5-8.3 billion) being injected into the economy.

The rated scientists, including some Hanoi-born researchers, are working at universities, including Vietnam National University and Ton Duc Thang University.

Experts call for the central bank to expand the credit growth target to 15-16% this year.

With digital payments becoming the go-to choice for a seamless experience, Google Wallet is now available in Vietnam.

The Vietnamese Parliament expects a budget deficit of VND455.5 trillion (US$18.35 billion), or 4.42% of GDP, for next year.

Vietnam is among five economies removed from the monitoring list for "having met only one out of three criteria for two consecutive reports."

The Government set the goal for total outstanding loans in the corporate bond market to reach at least 20% of the GDP by 2025, and 25% by 2030.

The high revenue was thanks to Vietnam’s speedy economic recovery, including a GDP growth of 8.83% in the year's first three quarters.

High lending rates may be unfavorable for businesses, but ensuring long-term macroeconomic stability is essential for them to recover and thrive.

The Lucky bills program helps protect the rights and interests of buyers following tax-related regulations.

A higher basic wage would not only encourage public servants to improve their work performance, but also have positive effects on domestic consumption and, ultimately, on aggregate demands.

Such measures would help minimize the risk of money laundering and ensure transparency.

The Ministry of Transport expects to draw out some VND7 trillion (US$286.6 million) to pay off defaulted loans from Korean and German financers in the construction of the Hanoi-Hai Phong Expressway.

The central bank is ready to sell foreign currency to stabilize the market if needed.

Credit policy from Hanoi’s social bank has effectively contributed to the city’s socio-economic development and remains a helpful instrument for poverty reduction, job creation, and social welfare.