Vietnam has been removed from the currency monitoring list by the U.S. Treasury Department.
High-profile detention triggers bank run at Saigon Joint Stock Commercial Bank.
It was a jarring image for one of the world’s fastest growing economies: Scores of Vietnamese flooded branches of the nation’s fifth-largest bank to pull out their savings amid rumors the lender was tied to a real estate conglomerate under…
Be Group seeks to challenge Grab’s dominance in Vietnam: CEO. Be’s app has been installed on over 20 million mobile devices.
Foreign cyber criminals have infiltrated the server systems of several large Vietnamese banks and stolen a lot of money from customers, according to the Ministry of Public Security.
Amid the global sanctions against Russia, Khanh An did not know if she should also run to the bank to withdraw money like her friends did.
The travails of the planned metro lines in Hanoi and Ho Chi Minh City offer useful perspective on the role of Chinese development financing.
After Bitcoin prices increased, cryptocurrency mining has returned with a vengeance, with many buying rigs to mine Bitcoin, Ethereum and others.
Biden administration deal removes an irritant in relations between the two countries
Central bank instructed to develop blockchain-based digital money
The State Bank of Vietnam and the Embassy of Switzerland last week signed a bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) to help build the capacity of Vietnamese bank executives.
Private lender SeABank will provide a zero-interest loan of VND2 trillion ($87.19 million) to Vietnam Airlines to save the carrier from bankruptcy.
Vietnam’s central bank will pilot a cryptocurrency implementation program within the next two years.
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency.
Bank credit growth from January 1 to June 15 was 5.1 percent, double the rate recorded in the same period last year.
Three Vietnamese banks have pledged to lend 4 trillion dong (US$173.8 million) to Vietnam Airlines to help the troubled flag carrier weather the impact of the pandemic and avoid bankruptcy, local media reported on Monday.
Vietnam is marching towards becoming a cashless society with new methods of electronic payments being deployed widely, but security risks come hand in hand with new technologies and applications.
In its semi-annual report to Congress on currency manipulation, the first under the Biden administration, the US Treasury Department said that no country currently meets the US criteria as a manipulator.
U.S. Trade Representative Katherine Tai raised concerns about Vietnam’s currency practices during a virtual meeting on Thursday with the country’s trade minister.
Less than a week before leaving office in January, the Trump administration released the result of its investigation into Vietnam’s currency practices.
Vietnam’s central bank said on Wednesday it is planning to provide an interest-free loan of up to 4 trillion dong ($173.54 million) to Vietnam Airlines to help the flag carrier weather the wide impact of the coronavirus pandemic.
Government has established research unit to develop regulatory framework for digital assets
Ignoring warnings from experts as well as previous scams, thousands of Vietnamese have been drawn to a new cryptocurrency called Pi.
Vietnam has the second highest rate of in terms of cryptocurrency use among 74 surveyed economies, driven by remittance payments, a new report says.
Vietnam’s main business hub, Ho Chi Minh City, received remittances worth $6.1 billion last year, a record high and up 12% from the previous year, state media reported on Thursday.
After being branded a “currency manipulator” by the United States in December for trying to keep the dong from rising in value, Vietnam is again intervening in foreign exchange markets and using what traders say is an unusual method to…