Central bank cuts interest rates by 0.25 percentage points

Vietnam's central bank has directed commercial banks to stop purchasing corporate bonds towards minimizing risks and tightening control over real estate sector borrowings.

The U.S. Treasury has added Vietnam to a currency manipulation watchlist, citing the country's trade surplus with the U.S as a factor.

The U.S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States’ competitiveness.

A HCMC appeals court has commuted the three-jail sentence handed to a former deputy head of the central bank to a suspended sentence.

P2P lending, or online lending, is growing rapidly in Vietnam, leaving experts worried over the lack of a legal framework for its regulation.

Vietnam's finance minister said the nation should be more flexible in handling its exchange rate.

The Vietnamese currency hit 22,965 to the dollar on Friday as the greenback rose in global markets.

Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017.

The country may need $25 billion to clear toxic debts off bank books.

Many banks see remittances as an attractive business because they generate steady fees and require little capital.

Experts estimate that Vietnamese are keeping up to 500 tons of gold in personal savings, which could be channeled into the economy.

The State Bank of Vietnam stands ready to stabilize the dollar/dong exchange rate by selling foreign currency.

One dollar now costs 22,420 dong in major banks.