The personal financial assets market in Vietnam is forecast to reach hundreds of billions of US dollars in the next few years, providing significant opportunities for wealth management services.

Vietnam was the third largest cryptocurrency gainer in the world in 2023, only after the US and UK, with nearly US$1.2 billion, according to US blockchain analysis firm Chainalysis.

The settlement of bad debts will face many difficulties this year as there are no legal regulations related to repossessing collateral assets, industry insiders said.

VOV.VN - Nguyen Dang Quang, founder of Masan Group, has reappeared on Forbes’ list of billionaires after previously dropping out due to a fall in his assets.

Activities of the National Assembly Office are becoming increasingly professional and effective, said NA Chairman Vuong Dinh Hue during a conference in Hanoi to review its 2023 work and outline tasks for next year.

Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.

President Vo Van Thuong on October 31 sent a message of condolences to his Kazakh counterpart Kassym-Jomart Tokayev over the mine fire in Karaganda province that caused great human and asset losses.

The bad debt ratio of the banking system skyrocketed from 2% at the beginning of this year to 3.56%, or more than VND440 trillion, at the end of July 2023, according to the latest data from the State Bank of Vietnam (SBV).

VOV.VN - Domestic gold prices hit a new record high of VND71 million per tael on October 14 as prices of the yellow metal shot up in the global market.

The rapid development of digital assets, especially blockchain–based ones, and the emergence of new business models have posed unprecedented issues to policymakers around the world on how to ensure their proper development.