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assets

Upbit and MBBank join forces to launch Việt Nams first digital trading platform

Upbit and MBBank join forces to launch Việt Nam’s first digital trading platform

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
Proposal to align telecom number resources and internet assets with international planning standards

Proposal to align telecom number resources and internet assets with international planning standards

According to the draft, this plan is defined as a specialised technical blueprint aimed at organising and allocating operational space for telecom resources such as numbering codes and Internet assets.
Việt Nams digital asset market attracts major players

Việt Nam’s digital asset market attracts major players

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.
Việt Nam, Singapore strengthen cooperation in capital market, digital asset regulation

Việt Nam, Singapore strengthen cooperation in capital market, digital asset regulation

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.
Việt Nam plans pilot cryptocurrency exchange

Việt Nam plans pilot cryptocurrency exchange

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.
Total assets of VN credit institutions rise by 4.97%

Total assets of VN credit institutions rise by 4.97%

Total assets of the Vietnamese credit institution system by the end of June 2024 reached more than VNĐ21.07 quadrillion, an increase of 4.97 per cent compared to the end of 2023
Lenders struggling to auction assets of bad debt amid market slump

Lenders struggling to auction assets of bad debt amid market slump

State-owned Agribank is seeking to auction 28 apartments in HCM City with a starting price of VNĐ60 billion to recover debt amid a sluggish property market.
Rising middle class pushes wealth management potential in Việt Nam

Rising middle class pushes wealth management potential in Việt Nam

The rapid increase of an affluent and middle class generates opportunities for wealth management services in Việt Nam.
Regulations on virtual assets go hand-in-hand with anti-financial crimes

Regulations on virtual assets go hand-in-hand with anti-financial crimes

Việt Nam, added to the Enhanced Monitoring List (Gray List) in June 2023, faces potential reductions in GDP, foreign direct investment (FDI), and other capital flows, according to the IMF.
Legal framework for crypto assets to be finalised next year

Legal framework for crypto assets to be finalised next year

Besides the development of the legal framework for crypto asset management, the decision also requires the ministry to implement the legal framework, including improving understanding for management and supervisory agencies about the risks of the issue.
Banks are selling secured properties at discounts to recover debts

Banks are selling secured properties at discounts to recover debts

The increasing risk of bad debt forces banks to sell secured assets, especially real estate, at discounts.
Businesses under pressure to sell assets, real estate projects to settle debts

Businesses under pressure to sell assets, real estate projects to settle debts

Businesses, particularly property developers, are under pressure to sell off assets and real estate projects to settle their debts, including bond repayments and bank loans. 
Ministry urges higher tax rate for swing trading of real estate

Ministry urges higher tax rate for swing trading of real estate

The proposal was raised in a draft report on the programme of developing laws and ordinances in 2024, which will be submitted to the Government for consideration.
VN needs regulations of digital, virtual assets

VN needs regulations of digital, virtual assets

Currently, digital and virtual assets have not been recognised as property in Viet Nam.
Total assets of many small banks dropped significantly by end Q1 2022

Total assets of many small banks dropped significantly by end Q1 2022

Despite gaining positive profits, total assets of many small banks by the end of the first quarter of this year decreased compared to last year due to a in deposits.