Building trust and credibility is key to Việt Nam’s efforts to launch digital asset exchanges — a move that could transform its currently fragmented trading landscape into a globally competitive financial hub.
In a landmark move for Việt Nam’s digital economy, South Korea’s top cryptocurrency exchange operator, Dunamu, has teamed up with Military Commercial Joint Stock Bank (MB) to launch the country’s first locally operated digital asset trading platform
In Việt Nam, while digital assets were initially recognised in the legal framework, the State Bank of Vietnam has not yet accepted virtual currencies as legal tender.
The State Securities Commission of Việt Nam (SSC) and Monetary Authority of Singapore (MAS) have announced a partnership aimed at enhancing the integrity and stability of their capital markets.
The Vietnamese Ministry of Finance is preparing a proposal to pilot a digital currency exchange, Deputy Finance Minister Nguyễn Đức Chi announced at the government’s regular press conference on March 5.
Việt Nam did not manipulate the rate of exchange between the Vietnamese đồng and the US dollar for purposes of preventing effective balance of payments adjustments, or gaining unfair competitive advantage in international trade in the four quarters through December...
The State Bank of Vietnam wants to amend the current policy to increase flexibility and initiative in managing monetary and exchange rate policies in response to changes in domestic and international market conditions.
The upgrade reflects Việt Nam''s favourable medium-term growth outlook, underpinned by robust foreign direct investment (FDI) inflows, which Fitch Ratings expects will continue to drive sustained improvements in its structural credit metrics.
The US Treasury''s monitoring list of major trading partners includes six economies: China, Germany, Malaysia, Singapore, Taiwan (China), and Việt Nam.
Viet Nam remains off the US currency manipulation list and receives praise for the State Bank of Vietnam''s handling of monetary and foreign exchange policies.
Viet Nam’s local currency bond market grew 8.1 per cent from the previous quarter to US$99.5 billion. The faster expansion was driven by both the government and corporate bond segments.
The Prime Minister has directed relevant agencies and sectors to immediately act to ensure the security and safety of activities in the finance-currency market.