Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around the world.
Non-cash payment activities have developed strongly in recent years with many payment services such as digital banks and e-wallets.
VOV.VN - Economic experts have warned that heavily reduced purchasing power, in addition to numerous difficulties faced in production and business activities, are likely to have a serious impact on the overall state of the enterprise system.
VOV.VN - Vietnam's economy grew 7.02% last year despite numerous challenges. It was one of the countries with the highest growth rate and macroeconomic stability in the world.
Vietnam's real estate market will not be short of capital next year but will still face many challenges from policies and administrative procedures, experts said at the annual Vietnam Real Estate Forum.
More than per 76 percent of current investment projects following public-private partnerships (PPP) are in the field of transport infrastructure, but investors still feel insecure.
More and more customers are using e-banking services, leading to a rise in free-of-charge facilities offered by banks.
The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
The stability of the regulatory system is key to luring foreign investment into Vietnam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said.
Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
Blockchain technology can be used in many different fields of modern economics, especially banking activities, banking expert Can Van Luc has said.
The flow of foreign direct investment (FDI) is seeking a safe haven as the Sino-American trade war has yet to show a sign of ending.
Statistics on import-export and investment activities during the first few months of the year show that Vietnam did not see any positive effects from the US-China trade war as forecast by several US agencies and the press.
VOV.VN - The soaring credit growth recorded during the first half of 2019 can be attributed to efforts by local firms to complete periodical business reports and some banks’ application of Basel II standards, a senior banking expert has claimed.
The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Vietnam (SBV) reported.
The central bank is seeking comments on a draft circular revising and supplementing some articles of Circular 39 on payment intermediaries, including asking e-wallet users to provide additional personal information.
Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20.
The US – China trade war would generate more opportunities than challenges for Vietnam’s real estate market, experts said at the Vietnam Real Estate Summit (VRES) in Hanoi on December 12.
Economic experts and representatives from a range of firms gathered together at a teleconference on investment trends and opportunities in Vietnam’s real estate market, held in Hanoi on December 11.
The retail banking segment has contributed significantly to banks’ revenue this year.