Banking & Finance

According to economists at Standard Chartered Bank, Vietnam's inflation in 2022 and 2023 is forecast at 4.2% and 5.5% respectively.

The Ministry of Public Security has swiftly acted to clamp down on false information over Vingroup Chairman Pham Nhat Vuong, saying it has caused negative impacts on business operations and the stock market.

The interest subsidy scheme is estimated to total VND40 trillion (US$1.76 billion) for the 2022-2023 period.

The fund will be part of the ASEAN Green Recovery Platform launched at COP26.

The banking sector is set to continue promoting the use of non-cash payment methods with greater convenience and safety for the public.

The Government is looking at measures to curb the rising trend of petrol prices on the domestic market, which is placing a huge burden on the economy.

Vietnam and the UK would strengthen cooperation in green finance, and digitalization of the financial sector, with the UK's assistance in providing the required resources for Vietnam to realize its commitments at the COP26.

The move is expected to help accommodate the momentum of the exchange rate and the pressure on foreign exchange reserves.

Rising prices of strategic goods, including petrol, fertilizers, and farm produce are putting pressure on the Government’s efforts in market price management.

The open-plan office is located in the grade A Capital Place building, Ba Dinh District, Hanoi.

Such a move would help ensure that banks and credit institutions have the means to meet the demand for foreign exchange from individuals and organizations.

Against the backdrop of rising USD value, the Vietnamese Dong has depreciated by a mild margin of 2% compared to Thai’s Bath (down 7%), Japanese Yen (14.6%), and Taiwanese dollar (5%).

Vietnam has incurred green, social, and sustainability (GSS) debts of US$1.5 billion in 2021, almost five times the $0.3 billion in the previous year, and maintaining steady growth for the third consecutive year.

The cut would lead to an estimated decline of VND1.4 trillion (US$60.3 million) in state budget revenues per month.

Such a move would help ensure transparency and openness in banking operations while staying in line with Basel II standards and other international practices.

The banking sector stands ready to provide sufficient capital for economic development.

Compared to other ASEAN countries, inflation pressure in Vietnam is still relatively contained.

The Government needs a financial tool to control the prices of strategic commodities, including petroleum products, to avoid a sudden rise in prices and impact on people’s lives.

The Vietnamese Government continues to exercise monetary policies to contain inflation, stabilize macro-economic conditions, and support economic recovery.

Since 2020, Vietnam has faced four outbreaks of Covid-19, for which the government has mobilized resources to help businesses and people overcome the impacts of the pandemic.