Vietnam c.bank calls for lower interest rates in July
As the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers.
As the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers.
By 2025, at least 50% of banking procedures and 70% of customers’ transactions are expected to take place in the cyber environment.
The Vietnamese government will support boosting the application of new payment methods to achieve the digital transformation goals of the banking industry.
Credit pumping into real estate takes a large share in the total outstanding loans, following by corporate bonds and stock market.
Monetary policy should be maneuvered in a flexible and active manner to ensure sustainable growth and stability of both monetary and foreign-exchange markets, said the Party chief Nguyen Phu Trong.
Vietnam continues to work on ensuring sustainable and balanced trade relations with the US, Prime Minister Pham Minh Chinh has said.
The central bank will continue to monitor actual economic situation and that of the pandemic to expand credit support appropriately.
Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.
While there are several upside risks, moderating food prices should keep Vietnam’s inflation under control.
The government and the International Finance Corporation aims to increase the number of women in leadership positions in banks.