The Asian Development Bank (ADB) and the State Bank of Vietnam (SBV) on October 25 held a kick-off ceremony marking the implementation of the Swiss-funded US$5 million technical assistance, which aims to nurture financial technologies (fintech) serving the improvement of financial inclusion in Vietnam.

Representatives from financial and investment organisations, banks, insurance firms, and major businesses of the UK gathered at a seminar in London on October 23 to discuss experiences in developing international finance hubs, and relevant orientations for Ho Chi Minh City of Vietnam.

Saigon-Hanoi Commercial Joint Stock Bank (SHB) on October 17 signed a Memorandum of Understanding (MoU) with Busan Bank under BNK Financial Group of the Republic of Korea, officially establishing a comprehensive collaborative partnership between the two credit institutions, focusing on corporate, digital and investment banking.

Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.

The State budget revenue was estimated at over VND1,223 trillion (US$50.8 billion) in the first nine months of this year, or 75.5% of the estimate, marking an annual decrease of 8.3%, according to the Ministry of Finance.

VOV.VN - Vietnam's outbound investment reached US$416.8 million over the past nine months, a rise of 4.6% compared to the same period from last year, as reported by the Foreign Investment Agency under the Ministry of Planning and Investment.

The financial sector has been ardently advocating for digital transformation, as this endeavour will be a pivotal element in the national digital shift and will also bolster digital transformation across other sectors, according to officials.

VOV.VN - Prime Minister Chinh had a working dinner in New York on September 21 evening with leaders of multinational corporations and leading United States financial investment funds that had high appreciation of Vietnam’s economic outlook.

VOV.VN - The US International Development Finance Corporation (DFC) will lend US$300 million to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to assist small and medium sized enterprises (SMEs) to access capital for production.

Vietnam has paid due attention to improving farmers’ capacity, making it easier for them to get access to financial instruments, as well as helping them seek market for agricultural products, Chairman of the Vietnam Farmers’ Union (VFU) Luong Quoc Doan said.