Vietnam Airlines lost VND11,098 billion (over US$481 million) in 2020 due to the impact of the COVID-19 pandemic, according to its recently-released financial report.

Ho Chi Minh City is set to become a centre of economics and finance in Asia by 2045, boasting sustainable development and high living standards, a municipal official has said.

VOV.VN - The budget revenue structure has shifted towards a more sustainable model to meet the development and integration of the national economy, following goals set to raise the proportion of domestic revenue to 82% for 2016- 2020 and 85.5% by 2020, and reduce the proportion of revenue from import-export activities and crude oil exports.

VOV.VN - The 13th National Congress of the Communist Party of Vietnam (CPV) has been a hot topic among media outlets throughout Southeast Asia in recent times, with the major political event running from January 25 to February 2.

HCM City is seeking foreign investment over the next five years for seven major projects, including four metro lines.

Deputy Prime Minister Truong Hoa Binh has assigned the State Bank of Vietnam (SBV) to devise measures to control illegal financial transactions and tax evasion via illicit international payment gateways.

The financial sector needs to renovate more strongly to free up resources to meet the country’s development objectives, Prime Minister Nguyen Xuan Phuc told an online meeting to review financial sector and State budget performance in 2020 and define tasks for 2021.

The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Vietnam.

Foreign media view 2020 as a truly special year for Vietnam as the country has not only performed the dual role of ASEAN Chair and a non-permanent member of the UN Security Council (UNSC) but also done a good job of concurrently containing COVID-19 and sustaining economic growth.

Vietnamese banks are enthusiastically filing for initial public offering or re-listing, in which they dream about tapping into broader scope of funds.