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Ministry of Finance begins with hardship and learns lessons in the people"s hearts

On September 2, 1945, President Ho Chi Minh read the Declaration of Independence in Hanoi s Ba Dinh Square, establishing the Democratic Republic of Vietnam. Previously, on August 28, 1945, President Ho Chi Minh signed a Declaration on the establishment of the Provisional Government s apparatus, which included 12 ministries. Mr. Pham Van Dong was the Minister of Finance. The tasks and functions assigned to the Ministry of Finance (MoF) by the Government are to serve all aspects of the Government ....

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Currency stable amid fresh Fed hike

Despite the US Federal Reserve’s latest interest rate hike, the Vietnamese currency has seen only limited depreciation when compared to the currencies of its regional partners. ....

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Vietnam dong weakens ahead of Fed meeting

The Vietnamese dong currency has dropped against the U.S. dollar in the lead up to the U.S. Federal Reserve (Fed) meeting where interest rates are expected to be hiked by three-quarters of a point again. ....

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Bitcoin and cryptocurrency: virtual money or digital currency?

There are different definitions and interpretations of bitcoin and cryptocurrencies in Vietnam, even among experts and policymakers. ....

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Books on Vietnamese currency, banking system released

Thursday, 18:29, 29/04/2021
The State Bank of Vietnam (SBV) introduced two books on the history of the Vietnamese currency and of the central bank at a press conference on April 29, to mark the 70th anniversary of the country’s banking system (May 6, 1951-2021).
SBV Governor Nguyen Thi Hong said the book on Vietnam’s currency is the first-ever scientific work on the birth, characteristics, material, and socio-economic meaning of the currency in different historical periods spanning a thousand years.
Since 1945 especially, the currency can be viewed as an important historical source reflecting the struggle for national independence and reunification and the building of socialism under the leadership of the Communist Party of Vietnam. ....

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