IMF: Vietnam to Maintain High Economic Growth Over Medium Term

IMF: Vietnam to Maintain High Economic Growth Over Medium Term

Head of Delegation in charge of Vietnam at the International Monetary Fund (IMF) Paulo Medas stated that Vietnam's economy will experience higher growth in 2024 compared to 2023, reaching a rate of 5.8%.
US Treasury Secretary: US Businesses Step up Cooperation with Vietnam

US Treasury Secretary: US Businesses Step up Cooperation with Vietnam

During her first visit to Vietnam as US Treasury Secretary, Janet Yellen affirmed that Vietnam is now an important "player" in the global supply chain.
Banks' Digital Transformation: Where Does Vietnam Stand?

Banks' Digital Transformation: Where Does Vietnam Stand?

Digital payments have been growing at 40% for the last four years, one of the world’s fastest digital transformation rates.
Deputy PM’s Conclusions on Interest Rate Support Package

Deputy PM’s Conclusions on Interest Rate Support Package

The announcement said after nearly three months, the disbursement of the package remains limited, causing insufficient financial resources for many businesses, co-operatives and business households.
US Treasury: Vietnam doesn’t manipulate currency

US Treasury: Vietnam doesn’t manipulate currency

Vietnam did not seek to manipulate their currencies for a trade advantage or for preventing effective balance of payment adjustments, said the US Treasury.
Vietnam’s Central Bank Continues to Improve Exchange Rate Flexibility to Ease US Currency Concern

Vietnam’s Central Bank Continues to Improve Exchange Rate Flexibility to Ease US Currency Concern

The State Bank of Vietnam (SBV) will continue to improve exchange rate flexibility over time.
Uncle Ho's iconic image adorns Vietnamese banknotes for over 70 years

Uncle Ho's iconic image adorns Vietnamese banknotes for over 70 years

It is said by Ho Trong Minh, an artist who has had the honor of drawing a Vietnamese banknote, that there are only two people who have had their direct portraits drawn on banknotes still alive: Vietnam's President Ho Chi Minh and the UK's Queen Elizabeth ll.
State Bank of Vietnam reject US claims as ‘currency manipulator’

State Bank of Vietnam reject US claims as ‘currency manipulator’

The State Bank of Vietnam (SBV) has refused the ‘currency manipulator’ label, affirming that its work of managing over exchange rate in recent years only aimed at controlling inflation and stabilizing the macro-economy.
Countries seek ways to secure growth and resilience in ASEAN post-COVID-19

Countries seek ways to secure growth and resilience in ASEAN post-COVID-19

As one of the activities on the sidelines of the 37th ASEAN Summit, a joint SBV-IMF high-level conference, themed “Securing Growth and Resilience in the ASEAN: Policies for the Post-COVID-19 World” was jointly organised by the State Bank of Vietnam (SBV) and the International Monetary Fund (IMF) in Hanoi on November 10, VGP reported.
Vietnam central bank reports credit growth at 4.81% in Jan-Sept

Vietnam central bank reports credit growth at 4.81% in Jan-Sept

Vietnam's credit growth is estimated at only 4.81% as of September 16, which is far away from the target of 14% for this year.
State Bank of Vietnam to simplify procedures for preferential loan access

State Bank of Vietnam to simplify procedures for preferential loan access

The state bank will consider simplifying lending procedures to help COVID-19-affected firms easily access preferential interest rate loans, Deputy Director of the State Bank of Viet Nam Dao Minh Tu said.
Vietnam is supported to stabilize the forex market from sufficient resources by the State Bank

Vietnam is supported to stabilize the forex market from sufficient resources by the State Bank

The State Bank of Vietnam will continue to take monetary measures and tools synchronously to stabilise the foreign exchange market amid the complex development of COVID-19 pandemic. 
Service sector as bank rescue in COVID-19

Service sector as bank rescue in COVID-19

Due to COVID-19 epidemic, several banks have suffered in terms of both deposit and credit. To raise profits, these banks must push up revenue from the service sector.
State Bank of Vietnam reducing the prime interest rate

State Bank of Vietnam reducing the prime interest rate

The State Bank of Vietnam (SBV) is to decide on reducing the prime interest rate, according to the bank’s Deputy Governor Dao Minh Tu on March 12.
State Bank of Vietnam urge for cash sterilization to curb COVID-19 spreading

State Bank of Vietnam urge for cash sterilization to curb COVID-19 spreading

The State Bank of Vietnam sent an urgent request Thursday that all used banknotes must be disinfected and stored for a while before re-entering circulation. 
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