Mastercard re▨affirms commitment to supporting Vietnam’ജs cashless future
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
The performance of credit institutions has shown improvement, with their total assets increasing after a sharp drop in January.
Accordingto the State Bank of Vietnam's (SBV's) latest report, the total assetsof the credit institution system amounted to more than 6,449 trillionVND (297 billion USD) by the end of March, up 58.849 trillion VND (2.71billion USD) against the end of February.
However, if compared with the end of 2014, the total assets still declined 1.01 percent.
Thetotal charter capital of the system also inched up 0.31 percent to436.998 trillion VND (20.1 billion USD), while the total equity capitalrose 5.4 percent to 523.779 trillion VND (24.1 billion USD).
Thesystem showed a return on equity of 6.43 percent, up 0.94 percent fromthe end of 2014. The respective figures were at 8.2 percent forState-owned commercial banks, 5.6 percent for joint-stock commercialbanks, 4.29 percent for foreign and joint venture banks and 10.25percent for financial leasing companies, all rising from the end of2014.
The system's return on assets reached 0.57 percent, up 0.06 percent from the end of 2014.
Thecapital adequacy ratio (CAR) of the system also increased to 13.46percent, up from 13.42 percent at the end of February and 12.75 percentat the end of 2014. The CAR allowed by the central bank is only 9percent.
By the end of March 2015, the system's ratio of short-termcapital used for medium- and long-term loans was 25.47 percent.-VNA
See more
Three subsidiaries of Vieℱttel enter Fortune Southeast Asia 500 list
Vietnam has 76 businesses on the list this year, with total revenue of more than 160 billion USD.
Korean fiဣ💎rm seeks cooperation in developing urban project in Bac Ninh
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
Vietnam, India explore co🍃operation opportunities in electricity, electronics sectors
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
Germany invests 50 million USD in renewable e🌠nergy workforce training in Vietnam
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
Savills expert points out three drivers♍ of FDI attraction in Vietnamese real estate
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
Bac Ninh exerts efforts to ens🎀⛄ure businesses thrive
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
H&💝;M, Nordic businesses seek suppliers in Vietnam
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Reference exchange rate down 3 VND on June 18
The State Bank of Vietnam set the daily reference exchange rate at 24,994 VND on June 18, up 5 VND from the previous day.
Viꦗetjet places major order for 40 additional Rolls-Royce Trent 7000🥂 engines
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Fertiliser exports – bright spot fo𝓀r Petrovietnam Ca Mau Fertiliseꦛr JSC in H1
Fertiliser products of the PVCFC are now available in over 20 countries, including demanding markets such as Australia and New Zealand.
Vietnam ram🍸ps up efforts against counterfeit goods amidst challenges: Minister
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Petrovietnam ranks 11th inღ Fortune Southeast Asia 500
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
🦩PTSC hands over 33 offshore wind power foundations to Danish investor
This is an important milestone as it marks the first time the PTSC has successfully manufactured and exported large-scaled wind power foundations.
Da Nang’s FTZ positioned as key l♊ink in global supply chain
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Reference exchange rate up 5 VND on June 17
The State Bank of Vietnam set the daily reference exchange at 24,997 VND on June 17, up 5 VND from the previous day.
Deputy PM calls for strong 🌟reforms of State-owned enterprises
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
🐟Shrimp industry's 'green revolution' positioꦉns Australia as strategic market
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo to return to HCM🅰 ꦰCity in August
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Industrial hub sees nearly 14% export growth in first half💟
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
