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Viet Nam: The Quiet Economic Success Story Of Asia Viet Nam: The Quiet Economic Success Story Of Asia

The signs of Viet Nams economic development are visible on the skyline of HCM City, or Saigon as it is still referred to by most who live here.


TPP officially signed, promising benefits for Asia Pacific citizens TPP officially signed, promising benefits for Asia Pacific citizens

Trade and economy ministers from 12 countries signed the Trans-Pacific Partnership (TPP), the biggest trade deal in history, in Auckland, New Zealand yesterday.


Clients warned about borrowing risks Clients warned about borrowing risks

Consumers have been urged to think twice before using borrowing for consumption from commercial banks and financial companies as they rush to prepare for Tet (Lunar New Year Festival).


Real estate inventory drops as market deals taper off Real estate inventory drops as market deals taper off

The real estate sector reported a reduction of VND1.75 trillion (USVND1,738,386 million) in inventory in January from last month to an estimated value of VND49.1 trillion VND (VND48,906 billion).



Tho Loc People's Credit Fund put under special supervision Tho Loc People's Credit Fund put under special supervision

(Feb 05, 2016)

The State Bank of Viet Nam (SBV) on Wednesday announced that it had put the Tho Loc People's Credit Fund under comprehensively special supervision within three months.

Singaporean bank branch to increase charter capital

The State Bank of Vietnam (SBV) has allowed the Ho Chi Minh City branch of the Development Bank of Singapore Limited (DBS Bank Ltd.) to increase its charter capital.

Banks to recruit large numbers of employees

Domestic commercial banks plan to recruit thousands of employees this year to boost development and seize new opportunities, local media reported.

VIB fulfils 2015 business target

VIB posted a pre-provision profit of more than US$52.1 million in 2015, while its pre-tax profit stood at $29.4 million.

Clients warned about borrowing risks

Consumers have been urged to think twice before using borrowing for consumption from commercial banks and financial companies as they rush to prepare for Tet (Lunar New Year Festival).

Viet Capital Bank gets nod for 10 new branches, transaction offices

The State Bank of Viet Nam has licensed Viet Capital Bank to open 10 branches and transaction offices this year.

Central bank's reference rate falls sharply

The State Bank of Viet Nam's (SBV) reference rate on February 4 fell sharply by 21 dong to touch VND21,876 per American dollar.

ATMs must be stocked for Tet holiday: State bank

The State Bank of Viet Nam has told commercial banks to accord top priority to supplying cash at automatic telling machines (ATMs) during the Tet (Lunar New Year) holiday.

Domestic lending drops off in January

Lending by January 20, 2016 declined 0.21 per cent against the end of last year, according to a report released by State Bank of Viet Nam (SBV) yesterday.

ABBANK appoints new general director

The State Bank of Viet Nam approved Cu Anh Tuan to become the new general director of An Binh Commercial Joint Stock Bank (ABBANK).

Central bank reverses weaker dollar trend

The central bank listed buying and selling rates for the US dollar yesterday for the first time in a month.

Co.opmart, Co.opXtra offer biggest ever discountsCo.opmart, Co.opXtra offer biggest ever discounts

As part of their "10 ngay giam gia het ga" (10 days of offering maximum discounts) promotion, Co.opmart and Co.opXtra supermarkets have cut prices of Tet-related products like confectionary, sweets, Chinese-style sausages, fruits and vegetables, and eggs sharply to almost cost.

Vietnamese companies confident to integrateVietnamese companies confident to integrate

Viet Nam News asks company chiefs and business groups to do some crystal gazing about opportunities, challenges and economic prospects in 2016.

Viet Nam telecom firms all set for 4G race Viet Nam telecom firms all set for 4G race

On January 18 Viet Nam Posts and Telecommunications Group (VNPT) began commercial testing of its 4G, or fourth generation mobile telecom technology, services in HCM City and the Phu Quoc Island, with speeds reaching as high as 100 Mbps.

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