Vietnam Today
Six cooperation agreements between Vietnam and Japan signed
The agreements have been signed as part of the official visit to Vietnam by Japanese Prime Minister Takaichi Sanae from May 1-3.
Banking & Finance
VnEconomy hosts seminar: banks as partners in business growth through digital transformation
The event aims to clarify the current landscape, conditions, and solutions for the “digital enabler banking” model to effectively support businesses and drive sustainable growth.
Vietnam Today
Taxable revenue threshold for household businesses doubled
The adjustment aims for greater flexibility, with the threshold to be raised to approximately VND1 billion ($38,000) to reflect economic realities, support household businesses, and ensure budget balance.
Central bank proposes reporting rule for e-transfer at future International Financial Center
All electronic money transfers valued at $1,000 or more at the center must be reported for anti-money laundering purposes.
Government issues roadmap for mandatory online bidding for investor selection
The online investor selection process regulated by the newly promulgated decree is applicable to projects that fall under international bidding.
Corporate bond issuances top $11.34 bln in 7M
Bank bonds dominating the market, accounting for 75%.
Top 100 private enterprises (PRIVATE 100) contribute VND244.4 trillion to State budget
The top 10 private enterprises alone contributed a combined amount of nearly $5.63 billion, a 36% increase from the figure they contributed the year before.
Saigon Marina International Financial Centre inaugurated in Ho Chi Minh City
Ho Chi Minh City inaugurates Saigon Marina IFC, a landmark project anchoring Vietnam’s bid to become a regional financial hub.
$3.8 mln asset threshold set for domestic banks in International Financial Center
To establish a commercial bank in the IFC, a wholly domestically-owned bank must have minimum total assets of VND100 trillion ($3.8 billion); a wholly foreign-owned bank must have at least VND10 billion (over $380,000) in assets, while a foreign bank branch's parent must possess minimum total assets of VND20 billion (nearly $760,500).