Banking & Finance
Capital mobilization in HCM City reaches $156 bln in 2024
Total oustanding credits estimated at $154 billion.
Banking & Finance
Domestic gold price climbs to three-week high
Gold price in Vietnam higher than the global price around VND4 million ($156) a tael.
Vietnam Today
Steering committee for financial centers set up
The Politburo recently agreeing to establish international and regional financial centers in HCM City and Da Nang, respectively.
U.S. affirms Vietnam not manipulating currency
According to the U.S. Department of the Treasury’s semiannual report, released in November 2024, Vietnam was named in the Monitoring List along with China, Japan, South Korea, Taiwan (China), Singapore, and Germany.
Vietnam needs financial and insurance strategies to mitigate disaster impacts
Natural disasters cause annual losses to Vietnam of up to 1-1.5% of GDP.
Corporate bond issuances reach $13.2 bln in 10M
The banking sector was the largest issuer.
AI's role in banking sector
Banks worldwide now recognize the benefits AI can provide in banking operations and customer access.
Gold prices keep dropping following global trend
The price of SJC-branded gold bars reduced by VND500,000 ($19.6) per tael on November 14 to VND83.5 million ($3,274).
HSBC Vietnam to provide green trade financing to Vinh Hoan Corporation
This is HSBC’s first green trade facility in Vietnamese seafood industry.