vietnams foreign exchange reserves hit us 635 billion Vietnam’s foreign exchange reserves hit US$63.5 billion

09:48 | 04/07/2018 Finance - Banking

The State Bank of Vietnam (SBV)’s net purchase of foreign currencies exceeded US$11 billion in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately US$63.5 billion.
e wallet services in fierce competition for vietnamese consumers E-wallet services in fierce competition for Vietnamese consumers

11:09 | 02/07/2018 Finance - Banking

(VEN) - Electronic wallet (e-wallet) services are becoming more popular in Vietnam, with around 20 e-wallet apps on the market currently, such as Vi Viet, ZaloPay, 123pay, Baokim, Nganluong, Bankplus, VTCPay, Timo, MoMo, Payoo, MobiVi, and Wepay.
state bank injects money into market to support liquidity State Bank injects money into market to support liquidity

11:15 | 28/06/2018 Finance - Banking

(VEN) - Decreases in traded treasury bills, increases in the amount of money injected into the financial and banking system, and declining attraction of State Treasury bonds despite their higher interest rates resulted in lower financial market liquidity in recent weeks.
banks face new wave of technology Banks face new wave of technology

10:49 | 27/06/2018 Finance - Banking

The fourth industrial revolution, or Industry 4.0, has brought about fundamental changes in various fields on a global scale, including in Vietnam. A new wave of technology is also making significant changes in the financial sector, especially in the distribution channel of products and services.
ministry proposes tougher bitcoin regulations Ministry proposes tougher bitcoin regulations

09:47 | 26/06/2018 Finance - Banking

The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions.
central bank tightens banks corporate bond purchase Central bank tightens banks' corporate bond purchase

09:27 | 25/06/2018 Finance - Banking

The State Bank of Vietnam has tightened regulations on corporate bond purchase by credit institutions and foreign banks’ branches.
shift seen in use of overseas remittances to ho chi minh city Shift seen in use of overseas remittances to Ho Chi Minh City

14:28 | 24/06/2018 Finance - Banking

A sharp increase in remittances to Ho Chi Minh City this year has been accompanied by a shift to investment in manufacturing rather than real estate, stocks and savings accounts, a senior officer at the central bank says.
citi foundation supports innovation startups in vietnam Citi Foundation supports innovation, startups in Vietnam

15:12 | 22/06/2018 Finance - Banking

Viet Nam has seen huge growth in startups in recent years, with 3,000 registered startups in 2017. Despite this growth, the social impact startup ecosystem lags behind other leaders in the region in terms of a coordinated national approach, such as in Thailand, Singapore and Malaysia.  
vietnamese firms dreams of foreign bourse listings hit repeated snags Vietnamese firms’ dreams of foreign bourse listings hit repeated snags

11:27 | 21/06/2018 Finance - Banking

(VEN) - Vietnamese firms are facing difficulties in listing on overseas stock markets due to the strict listing criteria set by foreign stock exchanges. Major corporations such as Vinamilk, Hoang Anh Gia Lai, and Saigon Securities Corporation have all put forward plans to list abroad over the past ten years, but none of them have managed to go through with their roadmap due to restrictions in foreign ownership (which have since been lifted), differences in accounting standards, and the global financial crisis.
huge number of bank cards unused Huge number of bank cards unused

14:27 | 20/06/2018 Finance - Banking

Fifty million of the 132 million bank cards issued in the country are not in use, causing an enormous waste of resources, the Vietnam Bank Card Association has said.
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