Finance
Vietreader's Finance section covers Vietnam's financial industry and personal finance topics. It reports on banking, stocks, taxes, accounting, insurance, financial technology, money management and more.
Top 5 countries leading in accepting cryptocurrency: Vietnam surpasses the US
According to Chainalysis's Global Crypto Adoption Index 2023 report, Vietnam is among the top countries in the cryptocurrency adoption index, ranking above the United States.
Very quickly, the State Bank cut interest rates by 150 basis points
Responding quickly and operating flexibly, the State Bank has reduced interest rates four times in a row, a total of 150 basis points in the first six months of 2023.
Forecasting the highlights of the banking industry in the last months of 2023
According to KBSV, good credit recovery will impulse the net interest income. In addition, NIM and non-performing loan ( NPL ) control of the banking industry are expected to become more positive in the year-end period.
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21 commercial banks and 6 finance companies have been approved to increase charter capital by the State bank.
According to a report sent to the National Assembly, the State Bank (SBV) had informed about coordinating with relevant ministries and branches to submit to the Prime Minister for consideration of supplementing state capital for BIDV from the remaining profit after taxes, After setting up funds in
Pointing out the 'impossible task' of Vietnam's economy
In the past 9 months, Vietnam's economy grew by 4.24% over the same period. This is an improvement compared to 3.72% in the first half of 2023 but only half of the growth rate of 8.85% compared to the same period in 2022.
Exploding the e-wallet market, MoMo and ZaloPay lead the list of losses
The Vietnamese market is witnessing fierce competition from more than 40 e-wallets and is considered to be in a boom period. By the end of 2021, MoMo and ZaloPay are leading the list of losses.
A Vietnamese bank suffered a series of withdrawals, but the economy grew at a record level
According to the Board of Executive Directors of the International Monetary Fund (IMF), a fairly large domestic bank had its deposits withdrawn en masse in October 2022 and was placed under the control of the State Bank of Vietnam.
Vinamilk firmly holds its position as a leading listed company after 20 years of equitization
2023 marks the 20th anniversary of Vinamilk's equitization. Over two decades, the "giant" of the dairy industry has proven its production and business model's effectiveness and stable management capacity in the face of market changes.
Capital flows may leave Vietnam when the State Bank's 'magic wand' stops working
Speaking at the conference "Southern real estate embracing infrastructure development opportunities" organized by CafeLand, Dr. Nguyen Tri Hieu said that Vietnamese real estate has not yet seen "the light at the end of the tunnel".
State-owned enterprises need to do big, difficult things
HANOI (Sputnik) - It is estimated that the total revenue of the entire SOE sector in 2023 will reach 1.41 million billion VND, an increase of 4% compared to the plan. The total pre-tax profit is estimated at 117,388 billion VND. The resulting loss is estimated at 41,666 billion VND, mainly from
Nasdaq Vice President explains why VinFast, VNG, Grab and Southeast Asian companies caught the 'eye' of American investors
For a long time, the only way for investors to access the Southeast Asian market was to buy Sea shares. Today, with the appearance of Grab, VinFast, and possibly VNG, more and more companies are helping investors increase their opportunities to access the market.