Vietnam confirms Nguyen Thi Hong as first female central bank governor
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.
Banks maintain profit growth but bad debts rise
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 cancels ADB loan for HCMC metro
Vietnam has decided to cancel a $390-million loan from the Asian Development Bank meant to fund the second metro line in HCMC.
Promoting digital currency investment schemes illegal in Vietnam
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…
Bitcoin cash Vietnam-based fiat-to-crypto trading support added to Bvnex Exchange
This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong.
Vietnam Govt to launch crypto research group to evaluate policy
Vietnam’s finance ministry has established a research group to develop and scrutinize digital-currency-related policy proposals.
Overdue debt surges at Vietnam banks
Commercial banks’ Q1 statements show a spike in debts overdue by 10-90 days as coronavirus impacts squeeze businesses’ cash flow.
Vietnam orders loan interest rate cuts for virus-hit firms
State Bank of Vietnam orders commercial lenders to exempt, reduce or delay interest payments due January 23 to March 31 on loans to businesses facing losses from the novel coronavirus epidemic, according to a statement posted on the regulator’s website.