Banking & Finance
PM issues Dispatch on increasing credit to year’s-end
Move must ensure sufficient credit capital for the economy and secure the system of credit institutions.
Banking & Finance
Remittances expected to soar by year’s-end
Vietnam is among the top 10 countries receiving remittances, exceeding $10 billion a year, with growth in 2023 to be significant.
Banking & Finance
Hai Phong cuts 30% of land rental fees for businesses at EZ
Northern port city has attracted 511 FDI projects to date to EZs and IPs.
Vietnam could pick up $576mln annually from Global Minimum Tax
Pros and cons of GMT discussed at NA session on November 20.
Government extends pilot use of Mobile Money
Over 3.9 million people have used the Mobile Money service.
PM orders stricter management of e-invoices
Move aimed at ensuring a transparent business environment.
Citi expects 2023 GDP growth of 4.7% and 5.7% in 2024
Bank’s CEO addressed the ongoing APEC forum in San Francisco on November 16.
BIDV & Edmond de Rothschild forge strategic partnership to elevate private banking
Two to work together to serve high-net-worth individuals in Vietnam.
Value of 10M mobilized government bonds up 1.8% year-on-year
Market size as of end-September equaled 35.77% of 2022 GDP.