Mariam J. Sherman, the World Bank’s Division Director for Việt Nam, Cambodia and Lao PDR, tells Vietnam News Agency how reforms, resilience and global integration fuelled Việt Nam''s rise in the past few decades.
The Vietnamese Government is giving one-time payment of VNĐ100,000 per person as a gift on the 80th anniversary of the August Revolution and National Day. With around 107 million people, the budget was estimated at nearly VNĐ11 trillion ($417.53 million).
The State Bank of Việt Nam has proposed that all international electronic money transfers valued at US$1,000 or more within the country’s forthcoming international Financial Centre (IFC) must be reported to strengthen monitoring mechanisms and anti-money laundering (AML) efforts.
At a conference held on Monday in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.
The loan will be used to increase the plant’s capacity from 30,000 to 80,000 cubic metres per day, ensuring a reliable supply of clean water for residents, as well as for the growing number of commercial and industrial users.
The SBV also stated that it will strive to maintain stable deposit rates and reduce lending rates through cost-cutting, digitalisation, streamlined administrative procedures, and internal restructuring.
Saigon – Hanoi Commercial Joint Stock Bank (SHB) has been granted approval by the State Bank of Việt Nam (SBV) to raise its charter capital to VNĐ45.9 trillion (US$1.75 billion).
This solution is designed to help public agencies and administrative centers modernise their payment processes, enhance transparency, and provide citizens with a more convenient and secure payment experience.
The trend of moving to HoSE is expected to help banks improve transparency, expand fundraising opportunities, and affirm their position in the capital market.
Nearly VNĐ350 trillion (US$13.38 billion) was disbursed through the HCM City’s annual bank–business linkage programme in the first half of this year, a 6.35 per cent increase, according to the State Bank of Vietnam.
The new circular aims to streamline administrative procedures, remove barriers and enhance the ease with which foreign capital can flow into Việt Nam’s stock market.