Minister of Finance Ngô Văn Tuấn has called for faster reforms and closer monitoring of economic challenges as the Government seeks to sustain strong growth, citing concerns over widening trade deficits, slow public investment disbursement and rising inflationary pressures in the first five months of this year.
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High interest rates cause rising risks for banks with large retail lending 08/06
Banks have faced a tighter and more volatile operating environment, as elevated interest rates - driven by system-wide liquidity constraints and external pressures - weaken asset quality and profitability.
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Việt Nam targets cashless payment value reaching 30 times GDP by 2030 08/06
Việt Nam targets that by 2030, 95 per cent of people aged 15 and above will have bank transaction accounts, while the value of cashless payments will reach 30 times GDP.
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Ministry proposes taxpayer risk classification, keeping bank data reporting rules 08/06
The Ministry of Finance has proposed a risk-based taxpayer classification system while reaffirming requirements for banks to share account information with tax authorities to strengthen compliance, transparency and tax administration.
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Overnight rate hits 11 per cent in early June 03/06
Interbank interest rates for Vietnamese đồng loans across most short-term maturities have surged sharply at the beginning of June amid increased short-term capital demand from the banking system.
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SBV moves to scrap gold jewellery licences 02/06
Under existing regulations, businesses must satisfy various requirements regarding facilities, equipment and operational conditions before receiving certification.
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Ministry proposes allowing SMEs to use digital assets as collateral for bank loans 29/05
The policy is intended to unlock resources for the private economic sector and align with Resolution 68-NQ/TW of the Politburo.
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Gold prices extend losses, bargain hunters keep buying 29/05
Domestic gold prices have steadily declined throughout May, with SJC gold falling from around VNĐ167 million per tael in early May to below VNĐ160 million by the end of the month after a period of rapid gains.
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Việt Nam's financial sector accelerates digital transformation in new age 19/05
The two-day World Financial Innovation Series (WFIS) in Hà Nội on Tuesday brought together more than 500 key decision-makers from leading banks, insurance firms, digital lenders and microfinance institutions to explore the future of Việt Nam’s digital finance sector.
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Private banks accelerate in equity 15/05
Accumulating equity capital through retaining profits to distribute stock dividends is becoming the dominant trend.
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Tax collection must win public trust: finance minister 14/05
Minister of Finance Ngô Văn Tuấn has called on the Department of Taxation to apply AI and big data to improve tax management while ensuring tax collection maintains public trust, as the government pursues ambitious revenue targets.
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Government bond yields edge higher amid cautious investor sentiment 14/05
The 10-year tenor continued to account for the largest share of issuance.
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Banking sector supports economic growth 09/05
The central bank will proactively review and amend relevant mechanisms and policies related to banking credit activities in general and sectoral credit in particular to support economic growth.
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Bank-led funding model strains as Việt Nam seeks new growth drivers 09/05
Bank credit is nearing its limits as Việt Nam seeks trillions in investment for double-digit growth, prompting urgent calls to deepen capital markets and improve the efficiency of capital use.
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Tackling bad debts will free up resources for double-digit growth 21/04
Statistics show the ratio of bad debt has climbed above 2.8 per cent, reflecting mounting pressure on lenders and a significant volume of capital tied up in non-performing assets.
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