The four biggest banks in Vietnam have strongly cut interest rates for various deposit terms to the lowest levels of the year.

VOV.VN - Amid remarkable changes occurring in the global investment trend across many important real estate segments, the nation remains one of the destinations capturing great interest from investors thanks to its positive recovery capacity and the flexibility of the country’s economy, according to a recent report by Savills Vietnam.

The State Bank of Vietnam (SBV) has just allowed the Japanese multinational banking financial services institution, Sumitomo Mitsui Banking Corporation (SMCB), to buy newly issued shares of VPBank (VPB).

Commercial banks in Vietnam have invested a total of VND15 trillion (US$629.7 million) in digital transformation, heard an online seminar on ensuring security and safety for e-payments in the digital era held on August 21.

Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum.

International experts shared experience in public debt management and gave recommendations to Vietnam at a consultation workshop in Hanoi on August 17.

VOV.VN - The country’s economic growth is forecast to be positive over the short term, according to predictions made the London-based audit service supplier PricewaterhouseCoopers (PwC).

Vietnam’s economic growth is likely to rebound in 2024 and 2025, according to Dorsati Madani, Senior Economist at the World Bank (WB).

VOV.VN - A challenging external environment and weaker domestic demand is leading to a slowdown in economic growth in Vietnam, but the economy will pick up pace in the second half of 2023 and the following years, the World Bank said in an economic update released on August 10.

VOV.VN - Popular mobile payment service Apple Pay officially debuted in Vietnam on August 8.