finance

Update news finance

The recent Ministry of Finance (MoF) ruling to adopt IFRS will send ripples across real estate businesses, especially those with extensive asset portfolios.

Consumer finance in Vietnam charm foreign players

As Vietnam has a fertile consumer finance market, more foreign players are considering joining the bandwagon by tying up with local peers.

Vietnam's credit growth to stabilise, inflation to be elevated In 2020: Fitch Solutions

Vietnam’s 2019 credit growth came in at just 12.1%, underperforming the State Bank of Vietnam (SBV)’s 14.0% target for the year. This marked a second year of deceleration since credit growth peaked at 18.2% in 2017.

 

Regulatory sandbox: the key to fintech success

The Vietnamese fintech startup ecosystem is now home to more than 150 companies and brands, covering a broad range of services from digital payments and alternative finance to wealth management and blockchain.  

Banking M&As set to flourish

Merger and acquisition activities in Vietnam's banking sector are expected to grow in the years to come despite certain regulatory barriers hindering foreign investors.

Prime Minister Nguyen Xuan Phuc greets Chairman of Hana Financial Group Inc.

The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11.

Vietnamese finance market braced for remarkable EVFTA impacts

The EU has a strong financial services market and the EVFTA will have a significant impact on the Vietnamese economy and finance market.

PwC surveys how financial and tech firms navigate fintech landscape

PwC polled over 500 financial services and technology executives worldwide to figure out the factors that will determine the winners and losers of fintech.

Statistics bureau to revise GDP reading

The General Statistic Office (GSO) announced on August 16 that it has started a process to revise the country’s GDP calculation.

Vietnamese, Japanese Prime Ministers hold talks

Prime Minister Nguyen Xuan Phuc held talks with Prime Minister Shinzo Abe on July 1 as part of his attendance at the G20 Summit and visit to Japan.

Finance, banking, insurance industry grows strongly

 The finance, banking and insurance industry expanded 7.89 percent in the first nine months of this year, the highest level recorded in the past seven years.

Finance, money policy consultation council set up

 The Prime Minister has signed a decision to establish a 39-member National Financial and Monetary Policy Consultation Council led by Deputy Prime Minister Vuong Dinh Hue.

Venture funds finance more tech startups

 VietNamNet Bridge – Sixty-seven tech startups in Vietnam got finances from venture funds last year, more than double the number in 2014, according to Topica Founder Institute.

BUSINESS IN BRIEF 17/9

 HCM City Metro wins investment; Tax cuts likely for micro financiers; Belgian Minister prepares to study Hiep Phuoc Port complex; PM demands dairy hike explanation

BUSINESS IN BRIEF 1/9

 Bigger incentives proposed to spur supporting industries; Vung Tau swoops into top ten; Procedures still concern realty developers; Kinh Do ventures into instant noodle market

BUSINESS IN BRIEF 13/7

 Low occupancy rates drive away hotel investment; $100m spent on highway upkeep; Furniture sector hit by price hikes; HCM City wholesale, retail buildings on rise

More companies shuttered

 VietNamNet Bridge – The number of enterprises that ceased operations rose by 12.3 per cent in the first half of the year, according to the Ministry of Planning and Investment (MPI).

BUSINESS IN BRIEF 2/7

 Construction sector declines 5.4 percent; Asset management company established; Mekong Delta promotes trade and investment; VN Tourism Culture Festival in RoK; Ho Chi Minh City records 7.9% economic growth in six months

BUSINESS IN BRIEF 7/4

Foreign investor decree clarified; Fuel hike to drive up fares; Businesses turn to black market for capital; Socio-economic picture in first quarter; Vietnam turns sci-tech into key driving force

BUSINESS IN BRIEF 29/3

 HCM City to reclaim coastal land; Governor meets Danang entrepreneurs; Mekong Capital sells stake in phone distributor; Investors’ role should be enhanced in land withdrawal