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Vietnam welcomes investments from South Korean companies, especially in priority fields of as IT, smart cities, renewables, transport infrastructure, and supporting industries.

This year, Fitch expects Vietnam’s GDP growth to accelerate to 6.1% in 2022 and 6.3% in 2023 from 2.6% in 2021.

Fitch Rating revised Vietnam’s operating environment score for banks to ‘bb-’ from ‘b+’.

Favorable business conditions and ample liquidity would lead to robust credit growth in the first half of 2022.

Next year, the State Bank of Vietnam expects the credit expansion to be around 14%, slightly higher compared to this year, for which the central bank is committed to further restricting credit going into risky fields.

Credit growth in 2021 is estimated at around 12-13%, roughly the rate recorded in the same period of last year.

Many banks have reached their respective credit limits in the first nine months of 2021.

Airports achieving this accreditation are one step closer to opening their doors to foreign travelers through the “Vaccine passport” pilot launched in Phu Quoc.

The central bank would continue to keep the policy rates unchanged until the end of the year.

During the January-September period, banks and credit institutions in Hanoi have restructured the payment schedule of debt worth VND75 trillion ($3.3 billion) for 57,700 customers.

No efforts would be spared to prevent a public health crisis and subsequent socio-economic crisis, for the country to return to its normalcy as soon as possible.