Deposit insurance law facilitates depositor safety
11:10 | 04/12/2018 Finance - Banking
(VEN) - A large number of Vietnamese people choose to deposit their money into a bank to keep their money secured and lucrative. Their deposits nowadays can be much better secured with deposit insurance services offered by the Deposit Insurance of Vietnam (DIV). In cases where the bank collapses, depositors will have their savings paid by the DIV.
Forex lending to continue next year
14:49 | 03/12/2018 Finance - Banking
The State Bank of Vietnam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.
New financing mechanism provides opportunities for SMEs
14:26 | 30/11/2018 Finance - Banking
(VEN) - According to the Ministry of Planning and Investment, a growing number of Vietnamese enterprises and financial institutions are participating in supply chain finance (SCF) operations, facilitating access to operating capital by small to medium-sized enterprises (SMEs).
E-payments urged to minimize tax evasion and losses
10:20 | 27/11/2018 Finance - Banking
(VEN) - As more than 80 percent of e-commerce transactions in Vietnam are still cash-on-delivery, tax authorities are unable to oversee the activities, resulting in losses for the state budget. Given the steady expansion of e-commerce in Vietnam, promoting e-payments has become a priority.