Green Economy
UK launches new climate and green finance partnerships with Vietnam
The initiatives aim to accelerate Vietnam’s energy transition and sustainable development agenda.
Investment
Ministry proposes special mechanism for North-South Expressway expansion
Under the medium-term public investment plan for the 2026–2030 period, the Ministry of Construction has organized the preparation of a pre-feasibility study to widen sections of the Eastern North-South Expressway.
VET Exclusive
UK supports Vietnam’s economic transformation through its financial services sector
As a Comprehensive Strategic Partner of Vietnam, the UK is supporting the country's economic transformation through its financial services sector, as well as through investment, expertise, innovation, and long-term institutional cooperation.
Issues at play in 2022 inflation
The Ministry of Finance (MoF)’s Price Management Department has said that inflation is expected to be only 1.9 per cent this year but pressure will come into play next year due to a range of unusual factors. While the country’s economic stimulus package supports economic growth, it also puts pressure on inflation.
Real estate accounts for 40% of 11M corporate bond issuances
There were 826 corporate bond issuances in the first eleven months of 2021 with a total value of over VND495 trillion ($21.5 billion), of which the real estate industry led with over VND187 trillion ($8.1 billion), or 38 per cent. Banking followed, with nearly VND170 trillion ($7.4 billion). There were also four bond issuances to international markets with a total value of over $1.4 billion.
Gojek Vietnam & Shinhan Finance to cooperate
The Go Viet Technology Trading Company Ltd (Gojek Vietnam) and the Shinhan Vietnam Finance Company Limited (Shinhan Finance) - a member of Shinhan Card from South Korea - have signed a strategic cooperation agreement on providing comprehensive financial integration services and a modern customer experience. Shinhan Finance is working to offer the best customer support among finance companies in Vietnam.
Eximbank & Tranglo Singapore to offer remittance services
After expanding its cooperation with Tranglo Singapore, Eximbank will provide customers with fast, safe, and 24/7 online remittance services. Tranglo Singapore will ensure that recipients in Vietnam receive remittances from abroad through VND accounts opened at any bank in the country.
CIEM suggests raising foreign ownership in commercial banks
The Central Institute for Economic Management (CIEM) has recommended that Vietnam consider increasing the foreign ownership ratio in local commercial banks from the existing 30 per cent. Ninety credit institutions in the country have foreign shareholders, with ownership increasing sharply over the past few years.
SBV steering committee to promote digital transformation in banking
The State Bank of Vietnam (SBV) has decided to establish a steering committee on digital transformation in the banking sector, headed by SBV Governor Nguyen Thi Hong. It will be responsible for promoting the digital transformation process at credit institutions and foreign bank branches, creating the conditions needed for the implementation of Industry 4.0 in the banking sector.