Local banks lower expectation for credit growth in 2021 on Covid-19
Over 85% of credit institutions and banks projected to be profitable in 2021.
Over 85% of credit institutions and banks projected to be profitable in 2021.
The partnership is believed to be essential for the region amid uncertainties in the global security.
This is among 12 major socio-economic development targets for 2021 endorsed unanimously.
Under growing uncertainties in both the domestic and international contexts, greater attention should be paid to mitigating risks facing public finance and the financial sector, stated the World Bank.
The GDP growth is expected to rebound to around 6.7% in 2021.
With the new lockdown stage, each family in Danang are allowed to go to market every three days to ensure safety.
Core inflation rose 2.74% year-on-year in the first seven months of 2020.
Manufacturing and processing remained the driving force of the economy in the first six months with an expansion of 4.96% year-on-year.