Mastercard launches central bank digital currencies (CBDCs) testing platform

Friday, Sep 11, 2020

Mastercard has announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDC) use cases.

Ministry to set up research group on cryptocurrency

Monday, May 11, 2020

The Ministry of Finance has decided to set up a research group which would be in charge of studying and proposing policies to manage virtual assets and crypto currency.

Banks expected to maintain good performance in 2019

Tuesday, Jan 15, 2019

A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Viet Nam’s survey released late last week.

Foreign currency lending extended into 2019

Wednesday, Jan 02, 2019

The State Bank of Viet Nam (SBV) has issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last...

Draft simplifies SOE stake bidding for foreigners

Wednesday, Dec 26, 2018

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

PM signs directive on strengthening management of cryptocurrency

Thursday, Apr 12, 2018

PM Nguyen Xuan Phuc has signed a directive on strengthening the management of activities related to Bitcoin and other similar virtual currencies.

Forex rates surge against VND

Monday, Feb 05, 2018

Except for the US dollar, foreign currencies have surged against the Vietnamese dong during the last month.

Blockchain tech may open new era

Monday, Jan 29, 2018

Blockchain, a new technology to help explore the various forms of crypto-currencies, could open up new attractive environment for all businesses and investors, said Nguyen Duc Cuong, head of consultancy division at Vietstock – a local financial-business media.

VN needs cryptocurrency laws

Saturday, Jan 06, 2018

Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Justice and the State Bank of Viet Nam to hasten and complete the legal framework for managing virtual currencies in Viet Nam.

Central bank extends forex loan policy

Friday, Dec 29, 2017

The State Bank of Viet Nam (SBV) has officially extended a policy allowing exporters to take loans in foreign currencies for another year instead of stopping it on December 31 as planned.

Exporters worry as end of foreign loans nears

Monday, Nov 06, 2017

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Viet Nam (SBV) does not extend a circular regulating the loans.

Alarm over foreign currency lending growth

Monday, Oct 02, 2017

According to the National Financial Supervisory Commission, in the first eight months of the year, lending in foreign currencies jumped by 11.5 per cent compared to only 1.7 per cent in the same period last year.

Term bank deposits for foreigners

Monday, Jul 17, 2017

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Viet Nam to make term deposits in both Vietnamese Dong and foreign currencies.

What were the best investment channels in 2016?

Wednesday, Jan 04, 2017

People are investing their money in five main channels of stocks, gold, foreign currencies, property assets and savings but which of these offered the highest returns in 2016?

Yuan's global popularity will impact VN economy

Tuesday, Oct 04, 2016

The inclusion of China''s yuan into the International Monetary Fund (IMF)''s basket of reserve currencies last Saturday will impact finance across the globe, and Viet Nam is no exception.