Officials from the State Bank of Vietnam (SBV) and the Ministry of Public Security have warned that investment in foreign exchange (forex) trading floors is extremely risky and not protected by the country's law.

Work started on the Vietnam – Republic of Korea Friendship Village in the mountainous district of Bac Ai, the south-central province of Ninh Thuan on February 23.

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has jumped 37 spots to enter the Brand Finance’s top 250 in rankings of the world’s most valuable banks in 2021.

Vietnam’s growth prospects will depend on how well and how quickly the authorities will bring the new coronavirus outbreak under control and how quickly international and national vaccinations will proceed, according to the World Bank (WB).

Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.

VOV.VN - The flow of remittances into Ho Chi Minh City reached US$6.1 billion in 2020, representing a sharp increase of 12% compared to the same period from last year, according to Nguyen Hoang Minh, deputy director of State Bank Ho Chi Minh City Branch.

VOV.VN - Saigon Commercial Joint Stock Bank (SCB) has recently entered into a strategic cooperation deal with Kiraboshi Business Consulting Vietnam, the representative of Kiraboshi Bank of Japan.

VOV.VN - The Vietnam Bank for Agriculture and Rural Development (Agribank) ranks 173rd among the world’s 500 most valuable banking brands, according to a list recently released by the world's leading independent brand valuation and strategy consultancy Brand Finance.

Relevant agencies are required to strengthen inspection, detect and strictly handle violations in foreign/cash exchange trading, according to the State Bank of Vietnam.

Customers are urged to stay cautious against rampant scam and fraud activities ahead of Tet holiday.