The Bank for Agriculture and Rural Development of Việt Nam (Agribank) and the Republic of Korea (RoK)’s NongHyup Bank (NHB) on Tuesday officially launched the service of transferring money without using bank account.

The State Bank of Việt Nam has asked credit institutions and branches of foreign banks to give priority to production and business while lending.

The shutdown of the HCM Stock Exchange (HOSE) on January 22 was the result of errors occurring in the order-matching engine software, HOSE deputy general director Lê Hải Trà said.

The Netherlands has emerged as Việt Nam’s largest importer in the European Union (EU), with an annual export growth rate of 18-25 per cent in recent years.

VNPT Group will restructure for equitisation this year to implement Decision 2129/QĐ-TTg on the group’s restructuring during the 2018-2020 period.

The State Bank of Việt Nam (SBV) will deal strictly with credit institutions if people cannot withdraw money from their ATM in the months approaching Tết (Lunar New Year) holiday.

The State Bank of Việt Nam (SBV) is drafting the National Financial Inclusion Strategies (NFIS) to increase the ratio of people and firms with access to formal financial services.

Growth prospects for Việt Nam this year are bolstered by strong domestic demand and prospects of a global economic revival.  However, protectionism, fiscal deficit, public debt and low productivity raise questions about a possible middle-income trap - and the means to overcome it. Sebastian Eckardt, the World Bank’s leading economist in Việt Nam, speaks to Việt Nam News reporter Phương Uyên on the country’s medium-term economic progress.

The HCM City customs department aims to cut the time it takes for clearing goods by half by the end of this year, Đinh Ngọc Thắng, its deputy head, told the media on the sidelines of a meeting with American businesses on Wednesday.