The State Bank of Vietnam (SBV) on February 20 net injected more than VND5 trillion (nearly US$204 million) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
The average annual growth in the number of transactions via QR code has reached 471.13% since the payment method's introduction in 2018, 77.41% of the Vietnamese adult population possess payment accounts with commercial banks reporting over 90% of all transactions conducted through digital channels, with some banks achieving a rate of up to 98%.
Documentary ‘The Tao of Coffee’ produced by U.S. media and entertainment company Warner Bros. Discovery, which features Vietnam’s aspiration and efforts to introduce its coffee culture to the world, was screened on the Discovery Channel in Australia and New Zealand on Friday last week.
There is an increasing preference for digital banking and new payment modes such as mobile banking apps, e-wallets, QR code-based payments, e-commerce payment platforms and mobile wallet debit or credit cards among Vietnamese consumers, the United Overseas Bank (UOB) said in its report “ASEAN Consumer Sentiment Study" (ACSS) which was launched on November 1.
VOV.VN - The 15th-tenure National Assembly (NA) opened its sixth session in Hanoi on October 23, with the occasion being broadcast live by Voice of Vietnam Radio, Vietnam Television, and the NA Television channel.
VOV.VN - Singapore-based news website Channel NewsAsia has picked 10 cooling getaways in Asia to escape the intense heat, with three Vietnamese destinations - Sa Pa in Lao Cai province, Da Lat in Lam Dong province, and Ba Na Hills in Da Nang – featured on the list.
The first batch of Bac Giang lychees exported to Thailand via the official channel has been introduced to Thai consumers by The Mall Group at its seven shopping malls.
VOV.VN - Vietnamese firm Ca Men is set to export between four million and five million snakehead fish porridge products to the United States via official channels from now to 2026 through US distributor LNS International Corporation.
Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets, according to experts.
Gold remains a potential investment channel until the end of this year, though the global economy in general, and Vietnam in particular, still possess potential risk factors related to recession and inflation, which make it difficult to forecast the gold price.