Banking

Many of the banking industry's digital transformation goals for 2025 are on track to be met or exceeded.

Amid the difficulties in the property sector, financial and economic specialists suggest that stimulus package for the sector is unnecessary.

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.

Positive budget collection during the first seven months is thanks to economic recovery from late 2020 to June this year.

The seven major areas include finance, banking, and aviation industries.

Digital banking is a journey, not a destination.

Strong business results were thanks to sound performance in fields of real estate, natural resources, chemicals and services.

Digital transformation progress in eight priority fields under the national digital transformation initiative would be discussed at the event.

The rapid advancement of technologies in the banking sector should be accompanied with substantial changes in current legislation, said a banking expert.

A low-interest rate environment in long term could make capital available for other investment channels, so banks are under pressure to readjust their savings mobilization rates to better attract idle capital.