The financial sector should push ahead with reform in line with the country’s development objectives so as to successfully implement plans for sustainable development and international integration.
National Assembly Chairman Nguyen Sinh Hung presents the Ho Chi Minh Order to the financial sector. Photo: VNA
The financial sector should push ahead with reform in line with the country’s development objectives so as to successfully implement the set plans for sustainable development and international integration, said Deputy Prime Minister Vu Van Ninh.
Addressing the financial sector’s ceremony in Hanoi on August 14 to celebrate the 70th founding anniversary, Deputy PM Ninh hailed the sector’s operation over the last 70 years, stressing that the sector should lead the way in modernising itself and promoting administrative and customs reform through applying advanced technology, thus improving the nation’s business climate and competitiveness.
He asked the sector to keep strict financial disciplines towards ensuring financial policy and law transparency and efficiency and contributing to implementing the Party and State's policy on thrift and anti-wastefulness and corruption .
The financial sector has been an effective tool of the State in managing the national macro-economy, significantly contributing to promoting the country’s reform process and restructuring the economy, developing infrastructure as well as in reducing poverty reduction and strengthening national defence and security.
Minister of Finance Dinh Tien Dung said the sector will expedite the building of financial mechanisms and policies to create driving forces for development, strengthen the management of the State budget and public debt while developing financial markets and services, among other tasks.
He highlighted that the State budget will prioritise education, science- technology and health care while an upswing of investments are planned for the agricultural sector.
On the occasion, National Assembly Chairman Nguyen Sinh Hung presented the Ho Chi Minh Order – the noble award of the Party and State – to the sector in recognition of its important services to the national revolutionary, construction and development cause.-VNA
Vietnam needs to complete economic market institutions while promoting administrative reforms and creating favourable conditions for foreign businesses to invest in the country.
A delegation from the Ministry of Finance led by Deputy Minister Nguyen Huu Chi visited Australia and New Zealand from July 31 to August 8 to learn State asset management experience.
Up to 71 percent of enterprises said they were satisfied with the tax administrative procedures reform in 2014, according to a report released in Hanoi on August 11.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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.
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.
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.
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.
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.
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.
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.
National Assembly Chairman Nguyen Sinh Hung presents the Ho Chi Minh Order to the financial sector. Photo: VNA
