“Việt Nam has the potential to become a manufacturing hub in the region this year, especially in fields involving technology, as global companies have expressed interest in expanding operations in the country. Foreign direct investment (FDI) into Việt Nam reached nearly US$31.4 billion in the first 11 months of 2024, with disbursed FDI estimated at […]

“Permanent Deputy Prime Minister Nguyễn Hòa Bình has met with representatives of the European Central Bank (ECB) to discuss plans for the establishment of financial centres in Việt Nam, as part of his working visit to Germany – the final stop in his European tour. At the meeting, the Deputy PM commended the ECB’s role […]

” In response to the “National Digital Transformation Programme” and the “Digital Transformation Plan for the Banking Sector”, credit institutions have proactively developed digital transformation strategies in order to enhance the consumer experience. At the “Vietnam Financial Innovation Series (WFIS 2025) in April, Lê Anh Dũng, Deputy Director of the Payment Department under the State […]

“The growth of the stock market and deeper international finance integration is creating lots of opportunities for Vietnamese enterprises to access capital at competitive rates, especially those with competent management and clear development strategies. But It also entails challenges like needing to bolster internal capacity, comply with regulations and proactively manage ricks, the “Legal Framework […]

“Prime Minister Phạm Minh Chính has tasked the Ministry of Finance (MoF) with urgently developing support measures for businesses impacted by the US reciprocal tariffs within this month, as well as reviewing import-export tax policies. Prime Minister Chính has signed Dispatch No 221/CĐ-TTg, requesting ministries, sectors, localities and State-owned groups to prioritise maintaining macro-economic stability […]

“According to the insurers and banks, Article 113 of the revised Law on Credit Institutions, which took effect from July 1 this year, regulates commercial banks are allowed to carry out insurance agency activities in accordance with regulations of the Law on Insurance Business and the State Bank of Vietnam. It means that the Law […]

“Prime Minister Phạm Minh Chính urged private enterprises to play a pivotal role in achieving Việt Nam’s ambitious 8 per cent economic growth target for 2025, calling on them to contribute ideas and solutions to overcome challenges and ensure long-term economic resilience and sustainability in the new era. This call to action was made during […]

“Prime Minister Phạm Minh Chính on Thursday morning chaired a meeting of the Government’s Standing Committee with ministries and agencies to assess the situation and discuss both immediate and long-term solutions following the US’ recent announcement of countervailing duties on goods from multiple countries, including Việt Nam. After hearing reports from ministries and government leaders, […]

” In previous years, many coated steel businesses focused on exports to expand their market share and production. This provided opportunities for local retailers and distributors to grow. However, with rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many […]