Public companies to disclose information in English from 2025

Public companies to disclose information in English from 2025

Public companies will have to disclose information in English, starting 2025, according to a draft circular issued by the Ministry of Finance in line with a request from the State Securities Commission (SSC) of Vietnam.

Finance - Thu, March 21, 2024 | 3:34 pm GTM+7

Moody's upgrades outlook of Techcombank in 2024 to 'stable'

Moody's upgrades outlook of Techcombank in 2024 to 'stable'

Moody's Ratings has revised the outlook of Techcombank from negative to stable, the U.S. credit rating agency said Wednesday.

Banking - Thu, March 21, 2024 | 2:24 pm GTM+7

Foreign investors to be allowed to trade stocks in Vietnam without pre-funding: draft circular

Foreign investors to be allowed to trade stocks in Vietnam without pre-funding: draft circular

Foreign institutional investors will not have to deposit 100% of the transaction value before trading stocks in Vietnam, according to a draft circular.

Finance - Thu, March 21, 2024 | 10:54 am GTM+7

Private lender Eximbank asked to clarify inflated 11-year credit card debt

Private lender Eximbank asked to clarify inflated 11-year credit card debt

State Bank of Vietnam (SBV) Governor Nguyen Thi Hong has requested private lender Eximbank to urgently handle a controversial case regarding an 11-year credit card debt to protect a customer's legitimate interests.

Banking - Thu, March 21, 2024 | 8:28 am GTM+7

Vietnam third largest cryptocurrency gainer in 2023: US analysis firm

Vietnam third largest cryptocurrency gainer in 2023: US analysis firm

Vietnam ranked third in the world for cryptocurrency gains in 2023, only after the U.S. and UK, with nearly $1.2 billion, according to U.S. blockchain analysis firm Chainalysis.

Finance - Tue, March 19, 2024 | 2:45 pm GTM+7

US Export-Import Bank, Vietnam Development Bank sign $500 mln deal to boost Vietnam imports

US Export-Import Bank, Vietnam Development Bank sign $500 mln deal to boost Vietnam imports

Export-Import Bank of the United States (EXIM) and Vietnam Development Bank (VDB) on Monday signed a $500 million memorandum of understanding (MoU) to facilitate the financing of U.S. exports to Vietnam.

Banking - Mon, March 18, 2024 | 5:17 pm GTM+7

VN-Index plunges 20 points with over 1.7 bln in trading value

VN-Index plunges 20 points with over 1.7 bln in trading value

The benchmark VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), plummeted 20.22 points, or 1.6%, to 1,243.56 on Monday amid strong selling pressure.

Finance - Mon, March 18, 2024 | 5:16 pm GTM+7

State Bank of Vietnam may net withdraw $6.35 bln in ongoing streak

State Bank of Vietnam may net withdraw $6.35 bln in ongoing streak

The State Bank of Vietnam will net withdraw an estimated VND100-150 trillion ($6.35 billion) in the ongoing T-bill sales streak that started on Monday amidst the weakening of the dong.

Banking - Sun, March 17, 2024 | 9:30 am GTM+7

Rubber, industrial park stocks attract cash flow

Rubber, industrial park stocks attract cash flow

Cash flow ran into industrial park and rubber stocks from March 11-15 with a series of tickers making strong gains.

Finance - Sat, March 16, 2024 | 2:42 pm GTM+7

Vietnam securities firms prepare plans to increase capital as annual meeting season nears

Vietnam securities firms prepare plans to increase capital as annual meeting season nears

Several securities companies in Vietnam have prepared plans to increase their charter capital for submission at upcoming annual general meetings of shareholders to fit in the growing market.

Finance - Fri, March 15, 2024 | 8:44 pm GTM+7

Major Vietnamese firms call for stable exchange rate

Major Vietnamese firms call for stable exchange rate

Major Vietnamese companies, including energy giant Petrovietnam, real estate developer Sun Group and national carrier Vietnam Airline, have asked the central bank to keep the VND/USD rate stable amidst global financial turbulence.

Banking - Fri, March 15, 2024 | 4:03 pm GTM+7

Vietnam PM orders lower lending rates, wider credit access

Vietnam PM orders lower lending rates, wider credit access

Vietnamese Prime Minister Pham Minh Chinh has asked the central bank and commercial lenders to further lower lending interest rates and facilitate greater credit access.

Banking - Thu, March 14, 2024 | 4:39 pm GTM+7

Vietnam central bank continues cash withdrawals with $1.82 bln in 3 days

Vietnam central bank continues cash withdrawals with $1.82 bln in 3 days

The State Bank of Vietnam (SBV), the country’s central bank, withdrew a total of VND45 trillion ($1.82 billion) over three consecutive days ending Wednesday in an attempt to cool the U.S. dollar rally in the country.

Banking - Thu, March 14, 2024 | 11:04 am GTM+7

VN-Index records strongest gain in 4 months

VN-Index records strongest gain in 4 months

Vietnam’s benchmark VN-Index made an impressive recovery on Wednesday, surging 25.51 points, or 2.05%, to 1,270.5 thanks to rallies in securities, real estate, banking, and steel stocks.

Finance - Wed, March 13, 2024 | 6:40 pm GTM+7

Japan’s Daiwa Securities to expand Vietnam presence, invite others to invest

Japan’s Daiwa Securities to expand Vietnam presence, invite others to invest

Tokyo-headquartered Daiwa Securities Group will expand its Vietnam presence and facilitate fellow companies’ investment in the nation’s financial market, an executive said Tuesday.

Finance - Tue, March 12, 2024 | 3:08 pm GTM+7

ADB plans $2.1 bln to aid Vietnam’s energy transition, climate change adaptation

ADB plans $2.1 bln to aid Vietnam’s energy transition, climate change adaptation

The Asian Development Bank (ADB) plans to offer technical assistance and $2.1 billion for Vietnam’s climate change adaptation per the country’s Nationally Determined Contributions commitment and energy transition.

Banking - Tue, March 12, 2024 | 11:34 am GTM+7

Standard Chartered, IATA partner to launch IATA Pay in Vietnam

Standard Chartered, IATA partner to launch IATA Pay in Vietnam

Standard Chartered, in collaboration with the International Air Transport Association (IATA), has launched IATA Pay in Vietnam, bringing payment innovation to the Vietnamese airline industry.

Banking - Tue, March 12, 2024 | 11:09 am GTM+7

Vietnam central bank withdraws $609 mln in cash after 4-month hiatus amid weakening VND

Vietnam central bank withdraws $609 mln in cash after 4-month hiatus amid weakening VND

The State Bank of Vietnam (SBV), the country’s central bank, on Monday withdrew VND15 trillion ($608.6) million in cash from circulation via a T-bill auction after a four-month hiatus as the local currency has devalued rapidly since the start of the year.

Banking - Tue, March 12, 2024 | 9:55 am GTM+7

Vietnam dong likely to strengthen toward year end: UOB

Vietnam dong likely to strengthen toward year end: UOB

The Vietnamese dong or VND is expected to strengthen slightly against the U.S. dollar in the latter half of this year, along with the country's economic recovery and the anticipated weakening of the greenback, according to Singapore-based bank UOB.

A year in review and 2024 forecasts - Mon, March 11, 2024 | 4:53 pm GTM+7