The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from three key agencies: the Ministry of Finance, the Ministry of Public Security, and the State Bank of Việt Nam.
The Vietnamese Ministry of Finance is preparing a proposal to pilot a digital currency exchange, Deputy Finance Minister Nguyễn Đức Chi announced at the government’s regular press conference on March 5.
The Ministry of Planning and Investment also sought comments on a draft resolution of the National Assembly on the building of a regional and international financial centre in Việt Nam
According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on...
Economists and business insiders say to manage currency fluctuations and protect their profit margins, some businesses have been adopting risk-hedging strategies.
In the latest session on February 4, through the open market operations (OMO) channel, the SBV provided loans to seven financial institutions totalling over VNĐ10 trillion at an interest rate of four per cent per annum for a seven-day term.
Việt Nam boasts one of the most active investment communities in the cryptocurrency sector. However, protecting investors and promoting sustainable growth requires a robust legal framework.
The Ministry of Planning and Investment (MPI) has proposed a controlled pilot programme for fintech activities, including digital asset and cryptocurrency trades at financial centres.
Deputy Prime Minister and Minister of Foreign Affairs Bùi Thanh Sơn said this remittance level is equivalent to 2023, when remittances reached a record high post pandemic.
Following 2023, remittances to HCM City rose to a record again of US$9.6 billion last year, the State Bank of Việt Nam has said. They were up $140 million from 2023 and accounted for more than half of the country’s total...
