Holding, sale and use of cryptocurrencies as an asset pose numerous risks and are not protected by law, stated a central bank official.
The growth rate is far away from the credit growth target of 14% set by the government for this year.
The State Bank of Vietnam (SBV) sought to further cut interest rate in an effort to boost the country's economic recovery, said its deputy-governor Nguyen Thi Hong in an SBV's press conference held by yesterday in Ha Noi.
Vietnamese banks’ total lending rose 4.81% as of Sept. 16 from the end of last year, the State Bank of Vietnam said on Tuesday.
Strictly adhering to a customer-centric philosophy, South Korean-backed Hanwha Life Vietnam today inaugurated its new sale office and customer service centre at the seventh floor of UEF Building in Binh Thanh district, Ho Chi Minh City.
OTT platform VieON was left in the lurch by after a one-sided contract termination by MoMo.
Research and development and investment activities in the National Innovation Centre will enjoy special tax incentives from October 5, 2020.
With a significant rise in e-commerce and cashless payments during the COVID-19 pandemic, global digital payment leader Visa has launched the “Where You Shop Matters” initiative through partnerships with Shopee and Now to provide a seamless online shopping experience.
VPBank and Proparco - the private sector financing branch of Agence Française de Developpement (AFD) have signed a US$50 million loan with the aim of supporting climate-friendly initiatives, green and energy efficient projects, as well as small-and-medium enterprises (SMEs) in the country.
Regional and financial co-operation are crucial to strengthen the co-ordination and respond to the impacts of the COVID-19 pandemic and support a sustained economic recovery, participants agreed at a meeting held Friday in Ha Noi.