VOV.VN - The World Bank has made key recommendations to help Da Nang, a centrally-run city in central Vietnam, address development challenges and consolidate its role as a growth pole in the region.

VOV.VN - Singapore-based United Overseas Bank (UOB) has maintained Vietnam’s GDP growth forecast at 6.5% and inflation at 3.7% for this year, although it anticipates inflation would rise to 5% ahead in 2023.

Vietnam is targeting to control public debt below 60% of gross domestic product (GDP) by 2030 to ensure debt safety and national financial security.

The State Bank of Vietnam (SBV) will increase its interference in the foreign currency market and stay ready to pump money to the market more frequently, thus creating favourable conditions for credit institutions to meet the demand for legal foreign currencies of organisations and individuals.

As many as 1.1 million people have so far used Mobile Money service, including nearly 660,000 in rural, mountainous, remote, border and island areas.

The National Assembly (NA) has agreed to extend a pilot resolution on bad debt settlement until the end of 2023 instead of this year.

The World Bank (WB) has recommended the Vietnamese Government consider taking measures to provide support, especially targeted direct support, for local disadvantaged households in dealing with a spike in goods and service prices.

Vietnam’s credit growth as of June 9 expanded by 17.09% against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.

Experts forecast that bank net interest margins (NIM) will decline as inflation rises next month.

Vietnam’s merger and acquisitions (M&A) market in 2022 is forecast to include big deals worth billions of dollars in the banking industry.