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…
The Trump administration said Vietnam’s currency practices, including “excessive foreign exchange market interventions,” hurt American businesses, but that it decided not to take any punitive action.
Chips of EMV, short for Europay, MasterCard, and Visa, standards will replace the magnetic stripes on cards issued by Vietnamese banks, starting March 2021.
The US Treasury designated Vietnam and Switzerland currency manipulators and added Taiwan, India and Thailand to its watch list But the State Bank of Vietnam said it does not use currency for unfair trade, and will work with US authorities…
Vietnam’s National Assembly on Thursday ratified the appointment of Nguyen Thi Hong as new governor of the country’s central bank, selecting a woman for the top job for the first time in its seven-decade history.
Most banks reported profit growth in the first nine months, but bad debts posted a double-digit rise due to the impacts of the Covid-19 pandemic.
Vietnam has decided to cancel a $390-million loan from the Asian Development Bank meant to fund the second metro line in HCMC.
Investing in digital currency remains illegal in Vietnam, and those who encourage people to invest in schemes are considered offenders of the law, according to local authorities. Residents were reportedly advised to tread with caution and avoid being defrauded by…