US removes Vietnam from currency monitoring list
Vietnam has been removed from the currency monitoring list by the U.S. Treasury Department.
Vietnam’s anti-graft campaign casts shadow over economy
High-profile detention triggers bank run at Saigon Joint Stock Commercial Bank.
Bank run shows risks from widening Vietnam corruption probes
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…
Grab rival Be Group gets $60 million loan for Vietnam expansion
Be Group seeks to challenge Grab’s dominance in Vietnam: CEO. Be’s app has been installed on over 20 million mobile devices.
Foreign hackers steal big bucks from big banks in Vietnam
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.
Vietnamese in Russia worried about economic fallout of western sanctions
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.
Vietnam’s metro rail lines lumber toward completion
The travails of the planned metro lines in Hanoi and Ho Chi Minh City offer useful perspective on the role of Chinese development financing.
Cryptocurrency mining rigs back in demand as Bitcoin recovers
After Bitcoin prices increased, cryptocurrency mining has returned with a vengeance, with many buying rigs to mine Bitcoin, Ethereum and others.
US resolves currency dispute with Vietnam
Biden administration deal removes an irritant in relations between the two countries
Vietnam to pilot virtual currency as crypto thrives in gray zone
Central bank instructed to develop blockchain-based digital money
Switzerland supports Vietnam in training bank executives
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.
SeABank funds Vietnam Airlines recovery with $87 mln loan
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 to take deep dive into crypto with digital currency implementation pilot
Vietnam’s central bank will pilot a cryptocurrency implementation program within the next two years.
Vietnam to trial virtual currency
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.
Vietnam’s credit growth doubles
Bank credit growth from January 1 to June 15 was 5.1 percent, double the rate recorded in the same period last year.
Banks pledge loans to help Vietnam Airlines avoid bankruptcy
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.
As Vietnam embraces cashless payments, cybersecurity risks emerge
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.
US removes Vietnam, Switzerland from currency manipulator list
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 chief raises concerns on Vietnam currency policy
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.
Biden can address Vietnam’s currency valuation without Section 301
Less than a week before leaving office in January, the Trump administration released the result of its investigation into Vietnam’s currency practices.
Vietnam to offer $173 mln interest-free loan to help troubled flag carrier
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.
Vietnam warns investors about crypto risks
Government has established research unit to develop regulatory framework for digital assets
The rush of Pi: Vietnamese lured by ‘next Bitcoin’ dream
Ignoring warnings from experts as well as previous scams, thousands of Vietnamese have been drawn to a new cryptocurrency called Pi.
Vietnam cryptocurrency use second highest in the world
Vietnam has the second highest rate of in terms of cryptocurrency use among 74 surveyed economies, driven by remittance payments, a new report says.
Remittances to Vietnam’s Ho Chi Minh City at record $6.1 bln in 2020
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.
Vietnam intervened in currency markets weeks after U.S. censure
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…