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Vietnamese currency under bigger pressure in 2020

Vietnamese currency under bigger pressure in 2020

After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.

US-China trade deal forces firms to grow

US-China trade deal forces firms to grow

The recently signed US-China trade deal, an effort to calm trade tensions between the world’s two largest economies, will force Vietnamese businesses to grow in order to meet the challenges as well as the opportunities it brings, said economic experts.

Vietnam needs to change policy or lose out in Industry 4.0

Vietnam needs to change policy or lose out in Industry 4.0

Vietnam needs a “revolution in its policy-making mind-set” before it can take advantage of the fourth industrial revolution, said Pham Xuan Hoe from the Banking Strategy Institute, at a forum in Hanoi on January 7.

Remittances to Vietnam to further rise in 2019

Remittances to Vietnam to further rise in 2019

Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said.

SBV calls for counterfeit cash vigilance

SBV calls for counterfeit cash vigilance

With the Lunar New Year Festival (Tet) drawing near and demand of cash increasing, Vietnam's central bank has sounded the alarm over counterfeit money.

Experts upbeat about Vietnam’s consumption outlook

Experts upbeat about Vietnam’s consumption outlook

Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.

Central bank warns credit institutions over rate hikes

Central bank warns credit institutions over rate hikes

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.

Foreign investors set sights on poorly-performing banks

Foreign investors set sights on poorly-performing banks

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.

Foreign investment in banking sector to surge

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.

Draft simplifies SOE stake bidding for foreigners

Draft simplifies SOE stake bidding for foreigners

The State Bank of Vietnam has drafted a regulation which would create favourable conditions for foreign investors to join in the process of State-owned enterprises’ (SOEs) privatisation and capital divestment.

Vietnam remains reliant on machinery, equipment from China

Vietnam remains reliant on machinery, equipment from China

Vietnam relies heavily on imported machinery and equipment from China, and experts are worried the country might become a landfill of outdated technologies, urging measures to tighten the import of second-hand machinery and equipment.

Vietnam’s flexible economic policy pays off

Vietnam’s flexible economic policy pays off

VOV.VN - Socio-economic results over the past 9 months have provided momentum for Vietnam to achieve targets for this year and next year. The government’s flexible economic policy is on the right track.