Việt Nam’s first car manufacturer VinFast and Vietnam Oil Corporation (PV Oil) on Thursday signed a Memorandum of Understanding (MoU) on implementing charging stations and leasing batteries for electronic vehicles.

The State Bank of Việt Nam (SBV) on Thursday held a conference to close the Financial Sector Modernisation and Information Management System Project (FSMIMS).

The Ministry of Industry and Trade (MoIT) wants to take advantage of market and policy opportunities to promote automobile manufacturing projects of domestic automakers including Trường Hải Auto Corporation (Thaco), Thành Công Group and VinFast.

The chairman of the Central Economic Commission has said that IoT would help upgrade the manufacturing sector, accelerate national growth and build a smart society.

More and more banks are entering the e-wallet business as they see huge growth potential in the wake of the Government’s plan to reduce cash payments to below 10 per cent of all transactions by 2020.

The State Treasury of Việt Nam collected VNĐ2 trillion (US$85.65 million) through Government bond auctions at the Hà Nội Stock Exchange (HNX) on Wednesday.

The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank)’s pre-tax profits hit VNĐ7.77 trillion (US$332.9 million) in the first nine months of the year, posting 61 per cent increase over the same period last year.

The Government should develop Hà Nội and HCM City into financial centres as local businesses lack capital markets, National Assembly (NA) deputy Phạm Phú Quốc said on Tuesday.

Global uncertainties, such as the impacts of the Fed’s rate hikes and the spiralling US-China trade war, have triggered questions about whether the lending interest rate in Vietnamese đồng will increase and in what direction foreign exchange rates will move.