Banking & Finance

High lending rates may be unfavorable for businesses, but ensuring long-term macroeconomic stability is essential for them to recover and thrive.

The Lucky bills program helps protect the rights and interests of buyers following tax-related regulations.

A higher basic wage would not only encourage public servants to improve their work performance, but also have positive effects on domestic consumption and, ultimately, on aggregate demands.

Such measures would help minimize the risk of money laundering and ensure transparency.

The Ministry of Transport expects to draw out some VND7 trillion (US$286.6 million) to pay off defaulted loans from Korean and German financers in the construction of the Hanoi-Hai Phong Expressway.

The central bank is ready to sell foreign currency to stabilize the market if needed.

Credit policy from Hanoi’s social bank has effectively contributed to the city’s socio-economic development and remains a helpful instrument for poverty reduction, job creation, and social welfare.

The mechanism has proven its necessity and practical usefulness for Hanoi's development, especially as this gives local authorities flexibility in budget management to adapt to the city's needs in certain situations.

Officials have urged the Government to hasten the development of the carbon market to meet international rules and practices.

The authorities are committed to protecting investors' lawful rights amid recent arrests of executives of securities companies due to their illegal acts on the market.

Most banks expected better business results for the fourth quarter and the whole year.

Negative rumors regarding the Saigon Bank (SCB) caused people to withdraw money from the bank ahead of the maturity dates.

The move is aimed to ease the pressure of a stronger US dollar on international markets.

Experts have analyzed the key problems that have prevented better collection of tax on electronic transaction in Vietnam.

This year's budget revenue could exceed the target of VND1,410 trillion ($59 billion).

A higher interest rate cap would have a direct impact on banks, businesses, and people.

The SBV set the credit growth target at 14% this year, higher than the 2020-21 period, which was 12.17% and 13.61%, respectively.

The growth was driven by both the Government and corporate bond segments.

In a broader sense, such a practice would cause negative impacts on the stock market and the confidence of investors.

In the past months, the fact that many banks have seen their quota reaching the limits makes it hard for people and businesses to access loans.