Vietnam is targeting a virtually cashless economy
10:09 | 09/02/2017 Finance - Banking
(VEN) - A government-approved project to sharply reduce the use of cash in the economy aims to keep cash transactions at under 10 percent by 2020, to reach 200 million transactions a year through points of sale, promote electronic payments and boost the use of bank cards.
Securities market expects stronger growth
14:27 | 24/01/2017 Finance - Banking
(VEN) - As of November 15, 2016, the Vietnamese securities market’s capitalization reached US$75.61 billion, equivalent to 37.8 percent of the country’s gross domestic product (GDP). The rate is expected to hit 70 percent by 2020.
SBV aims to hold inflation under 4 percent in 2017
10:17 | 19/01/2017 Finance - Banking
The State Bank of Vietnam (SBV) will control inflation under 4 percent and stabilise the macro economy to reach a GDP growth of 6.7 percent, as well as ensure a safe operation for the banking system, a high ranking official of the central bank said.