Want to be in the loop?
subscribe to
our notification
Business News
FINANCIAL INCLUSION STEERING COMMITTEE SET UP
Prime Minister Nguyen Xuan Phuc has signed a decision to set up the Financial Inclusion Steering Committee (FISC).
The FISC is an inter-agency body with three primary functions as follows:
(i) Providing strategic directions, policies, plans and solutions for development of financial inclusion;
(ii) Overseeing implementation of the National Strategy for Finanancial Inclusion;
(iii) Putting forward orientations on international cooperation in financial inclusion.
The Committee is chaired by PM Phuc and the Governor of the State Bank of Viet Nam is vice chairman.
Members of the Committee comprise representatives of the Government Office, the State Bank of Viet Nam, the Ministry of Finance, the Ministry of Planning and Investment, the Ministry of Agriculture and Rural Development, the Ministry of Education and Training, the Ministry of Industry and Trade, the Ministry of Justice, the Ministry of Foreign Affairs, the Ministry of Information and Communication, the Ministry of Science and Technology, the Ministry of Public Security, the Ministry of Labor-Invalids and Social Affairs, among others.
The State Bank of Viet Nam is the permanent body of the FISC.
According to the World Bank, financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs - transactions, payments, savings, credit and insurance - delivered in a responsible and sustainable way.
Financial inclusion has been identified as an enabler for seven out of the 17 United Nations Sustainable Development Goals.
Source: VGP
Related News
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.