E-COMMERCE TAX REVENUE RISES 19% IN Q1
Vietnam collected VND34.5 trillion in taxes from e-commerce businesses in the first quarter of this year, up 19% year-on-year, showed data from the Ministry of Finance. Over the past three years, tax revenue from individuals and organizations active in the e-commerce sector has totaled VND296 trillion, the Vietnam News Agency reported.
POSITIVE CREDIT HELPS DRIVE ECONOMIC GROWTH
The credit growth of the Vietnamese banking system has been positive since the first quarter of this year and flowed strongly into production, business, real estate and consumption, which has contributed to supporting economic recovery. The Deputy Governor of the State Bank of Vietnam (SBV) Phạm Tiến Dũng, said that credit growth in early 2025 showed signs of improvement compared to the same period in 2024.
BOND MARKET SEES STRONG RECOVERY IN FIRST FEW MONTHS
The Vietnamese bond market is expected to undergo a significant resurgence in 2025, following a tumultuous period marked by volatility and uncertainty. As the economy gradually stabilises, analysts are predicting a robust recovery driven by a combination of factors, including the increasing need for businesses to raise capital and the strategic initiatives of the banking sector to issue bonds that cater to investor demand.
MARKET KICKS OFF MARCH POSITIVELY AS VN-INDEX APPROACHES 1,310 POINTS
The stock market started the first trading session of March on a positive note, with the VN-Index edging closer to the 1,310-point mark. Liquidity saw a significant increase, while foreign investors continued their net-selling trend.
COMMERCIAL BANKS UPBEAT ABOUT ACHIEVING HIGH PROFITS IN 2025
Vietnamese commercial banks are optimistic about their 2025 profit targets, with many expecting increases of 20 per cent to 30 per cent due to anticipated robust economic growth and a resurgence in credit activity.
LARGE BANKS STEP UP FOREIGN CAPITAL ATTRACTION
Experts forecast that this year, banks will race to increase their charter capital in order to improve capital adequacy ratios and meet the capital needs for high credit growth.
VIỆT NAM’S STOCK MARKET LOOKS TO STRONG 2025, LED BY BANKS
Recent financial disclosures from over 900 listed enterprises reveal a 20.9 per cent year-on-year growth in profits after tax for the fourth quarter (Q4) of 2024.
PM WORKS WITH BANKING INDUSTRY TO PROMOTE ECONOMIC GROWTH
The PM said that the banking industry is a key growth lever. Therefore, besides further studying policies for traditional growth drivers such as investment, export and consumption, banks must focus on credit policies.
