Business

Techcombank has been extending technological collaboration with worldwide partners and organizations in order to improve client personalization, digitization, and security. The bank aims to lead the digital transformation of Vietnam’s financial industry with a three-pillared strategy focusing on digital, data, and talent. Digital banking would make regular banking easier, more …

Prime Minister Pham Minh Chinh has instructed banks to consider lowering loan interest rates and ease lending conditions for small and medium-sized businesses to boost economic recovery. SMEs, which account for 97% of all businesses in Vietnam, face challenges related to orders, credit and bureaucracy, he said at a meeting …

  National Assembly Chairman Vương Đình Huệ (fifth, right) and represenatives of Unitel. — VNA/VNS Photo VIENTIANE  National Assembly Chairman Vương Đình Huệ on Thursday visited Star Telecom (Unitel), a joint venture between Viettel Global and Lao Asia Telecom, as the last activity in his trip to the country for the …

The U.S. dollar rose against the Vietnamese dong on the black market Friday morning. Unofficial exchange points sold the greenback at VND23,800, up 0.42% from Thursday. But Vietcombank lowered its rate by 0.17% to VND23,860. Eximbank kept the dollar unchanged at VND23,670. Techcombank’s rate was also stable at VND23,900. The …

State-owned debt buyer Vietnam Asset Management Company’s profits soared by 36% last year to VND165 billion (US$6.96 million), its highest ever. It marked a 10-fold increase from 2017. VAMC was established by the government in 2013 to deal with bad debts in the banking system, and operates under the State …

Insurance premiums dropped 1.62% year-on-year to VND117 trillion ($4.93 billion) in the first six months, the first decline after years of double-digit growth. Growth was 14% and 17% in the first half of the last two years, according to the General Statistics Office, which started recording insurance premiums data since …

Vietnam’s benchmark VN-Index dropped 0.74% to 1,126.22 points Thursday after three sessions in the green. The index closed 8.4 points lower after gaining 2.62 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 8.16% to VND18.60 trillion ($783 million). The VN-30 basket, comprising the 30 …

Over 2.2 billion HVN shares of Vietnam Airlines will be restricted from trading in the afternoon only, starting from July 12, due to the company’s delay in submitting its financial reports. The Ho Chi Minh Stock Exchange made the restriction decision on Wednesday after the airline was more than 45 …

The total value of corporate bond issuances was recorded at VND42.783 trillion ($1.86 billion) in the first half, according to the Vietnam Bond Market Association. Specifically, there were seven initial public offerings with a total value of VND5.521 trillion, accounting for 12.9% of the total issuance, and 35 private placements …

Vietnam is striving to earn $13.7 billion from its export of means of transportation, auto parts, and accessories this year from last year’s $11.98 billion. The expectation for the record is based on the continuing growth of the export in the last 12 years with a relatively high yearly rate …