Reports from the US Treasury Department reaffirming that Vietnam is not manipulating its currency for trade advantage is expected to benefit the stock and banking system.

Many banks have reached their respective credit limits in the first nine months of 2021.

The move is part of a national strategy to promote non-cash payment in Vietnam in the 2021-2025 period.

The State Bank and the Ministry of Transport led ministries and ministry-level agencies in the cyber security readiness rankings in 2020,

State Bank of Vietnam Governor Nguyen Thi Hong has sent a document replying to Ha Sy Dong, a National Assembly Deputy from the central province of Quang Tri, who spoke about property bubbles at the first session of the 15th NA on July 25.

The State Bank of Vietnam (SBV) has agreed to extend debt rescheduling for customers for a further six months.

Vietnam welcomes the US’s latest decision not to take any trade action against the nation concerning the Vietnam Currency Section 301 investigation.

State Bank of Vietnam is drafting a decree on non-cash payments which will replace Decree 110/2014. One of the expected policies of the decree is on payment agents, or banking agents.

The U.S. Department of the Treasury and the State Bank of Vietnam (SBV) have reached an agreement over the former’s designation of Vietnam as a currency manipulator. 

The State Bank of Vietnam (SBV) is facing a delicate balance of curtailing excessive lending to real estate developers while reducing imminent Covid-19 risks to the sector, according to HSBC.

Depositing money at banks is currently the safest and most profitable investment channel, as Covid-19 developments remain complicated and the stock market is "hot" and, thus, risky.

The Vietnamese government will support boosting the application of new payment methods to achieve the digital transformation goals of the banking industry.

All foreign exchange (forex) trading activities in Vietnam are illegal as the authorities have not issued license for any forex trading floor.

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to closely control the capital injected into the real estate sector to prevent property speculation and ensure that property projects meet the demands of residents.

The US Treasury has removed Vietnam  from the list of countries labeled as currency manipulators.

Vietnamese people are overpaying to own a same amount of gold as their international peers, said an expert.

Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.

The U.S. Department of Treasury’s decision to label Vietnam as a “currency manipulator” is not satisfactory given the country’s real conditions.

The US Treasury Department’s labelling of Vietnam as a currency manipulator is biased, as it is only based on US standards and lacks suitable consideration as well as recommendations from international organisations, according to experts.

The State Bank of Vietnam has asked the Vietnam Asset Management Company (VAMC) to come up with a plan to establish a debt exchange and submit it to the competent agencies for approval.