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financial

Foreign ownership cap proposal of financial centres needs further review

Foreign ownership cap proposal of financial centres needs further review

The Ministry of Planning and Investment proposes that banks or credit institutions headquartered in international financial centres are not subject to foreign ownership restrictions or foreign investment conditions, when providing services in the centres or cross-border services
Ministry works on application of international financial reporting standards

Ministry works on application of international financial reporting standards

As Việt Nam is strongly attracting foreign investment, especially from large multinational corporations, the application of IFRS will streamline the corporations’ financial reporting processes, enabling seamless integration with their global operations.
Capital market improvement needed to meet high growth targets

Capital market improvement needed to meet high growth targets

In addition to growth drivers such as exports and consumption, raising capital is the key for Việt Nam to achieve the growth target of 8 per cent this year.
SBV suggests delaying the establishment of digital banks in financial centre

SBV suggests delaying the establishment of digital banks in financial centre

The State Bank of Việt Nam (SBV) suggested that the establishment of digital banks should be postponed to January 1, 2027.
Ministry of Planning and Investment proposes piloting a cryptocurrency exchange at financial centres

Ministry of Planning and Investment proposes piloting a cryptocurrency exchange at financial centres

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.
Việt Nam to become competitive player in global financial market: Minister

Việt Nam to become competitive player in global financial market: Minister

Việt Nam plans to establish two financial centers, one at the international level in HCM City and one at the regional level in Đà Nẵng City.
People tend to tighten spending for upcoming Tết holiday

People tend to tighten spending for upcoming Tết holiday

Financial security is among the primary concerns for Vietnamese customers over the longer term.
UK stands ready to boost Việt Nams international financial hub

UK stands ready to boost Việt Nam's international financial hub

The UK is recognised as the second-largest exporter of financial services globally, while London serves as a global financial centre, hosting 170 banks and a multitude of fintech companies.
Fintech companies become capital providers for small and micro firms

Fintech companies become capital providers for small and micro firms

Financial technology (fintech) companies could be a great source of capital for small and micro enterprises, but a complete legal framework is needed to sustainably develop the capital channel, experts said.
MPI proposes turning HCM City into international financial hub

MPI proposes turning HCM City into international financial hub

The MPI stressed the importance of following a roadmap with detailed objectives such as the establishment and development of at least one financial centre in the city by the end of next year.
Green investment funds forecast to grow in Việt Nam

Green investment funds forecast to grow in Việt Nam

The United Vietnam ESG Equity Fund (UVEEF) of UOB Asset Management Vietnam (UOBAM Vietnam) is currently the first and only open-ended fund in the Vietnamese financial market that applies ESG standards to investment stocks.
Ransomware attacks increasingly target Việt Nams financial sector

Ransomware attacks increasingly target Việt Nam's financial sector

Risk of information security is always lurking with the sector says the Director of the Department of Information Security under the Ministry of Information and Communications.
HDBank wins IR Award for Individual Investors Best Choice

HDBank wins IR Award for Individual Investors’ Best Choice

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) received the Financial Large Cap Individual Investors’ Best Choice award at the 2024 IR Awards ceremony held in HCM City on September 24.
Việt Nam and ASEAN members to boost integration in finance

Việt Nam and ASEAN members to boost integration in finance

Việt Nam will keep boosting integration and regional financial connection in ASEAN, while promoting deeper links for the region with sustainable development and better resilience.
Companies urged to apply IFRS to take opportunity for international expansion

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.