Tag: financial
Total assets of Vietnamese credit institutions rise by 4.97%
Total assets of the Vietnamese credit institution system by the end of June 2024 reached more than VND21.07 quadrillion, an increase of 4.97% compared to the end of 2023, the State Bank of Vietnam (SBV)’s latest data show.
Companies urged to apply IFRS to take opportunity for international expansion
Companies should apply international financial reporting standards (IFRS) to improve transparency and increase the chances to expand globally, experts have said.
Various activities to be held in HCM City Fintech Road 2025
A wide range of activities to promote financial technology (Fintech) will be held within the framework of the Ho Chi Minh City Fintech Road 2025.
Vietnam and Australia boost financial cooperation
VOV.VN - Vietnamese Minister of Finance Ho Duc Phoc is paying a working visit to Australia from July 31 to August 3 in an effort to increase financial cooperation between the two countries.
Fire at wood company in Quy Nhon causes severe financial damage
VOV.VN - A fire broke out on July 31 in Trung Viet Trade Investment and Import Export Company Limited in Phuoc My commune of Quy Nhon City in the southcentral coastal province of Binh Dinh, causing serious financial damage.
Vietnamese Party leader’s passing grabs international headlines
VOV.VN - Major news agencies around the world made wide coverage of Vietnamese Party General Secretary Nguyen Phu Trong’s passing, emphasizing the Party leader’s role in building the Communist Party of Vietnam, preventing corruption and enhancing Vietnam’s position in the international arena.
EVN reports record loss despite electricity price increases
Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) reported an after-tax loss of VND26.77 trillion (US$1.053 billion) on high electricity production costs, according to its audited financial report.
Vietnam’s FDI capital likely to hit US$40 billion this year
VOV.VN - Vietnam expects to attract about US$39-40 billion in foreign direct investment (FDI) capital this year, a figure which is equivalent or higher than the same period in 2023, said Deputy Minister of Planning and Investment Tran Quoc Phuong.
IFC, Welcome Financial Group to tackle non-performing loans in Vietnam
IFC and Welcome Financial Group (WFG) on June 27 launched a US$60 million platform to address non-performing loans (NPLs) and enhance access to finance in Vietnam.
VNX sees first fall in profit in three years
The Vietnam Stock Exchange (VNX) reported a decrease of 11% year-on-year in net revenue to more than VND3 trillion, according to the audited consolidated financial statements for 2023.
