The favorable economic backdrop has enabled banks to take advantage of ample asset origination opportunities to expand while rising household incomes and improved business cash flow keep credit risks in check.
The interest subsidy scheme is estimated to total VND40 trillion (US$1.76 billion) for the 2022-2023 period.
The banking sector is set to continue promoting the use of non-cash payment methods with greater convenience and safety for the public.
The validity extension of the resolution is of particular significance due to rising bad debts during the pandemic.
The size of the non-banking corporate bond market is on the rise.