Remittances to Ho Chi Minh City hit US$2 billion during January-April, up 11%t against the same period last year.

The government may want to consider a new fiscal stimulus that would include a more generous assistance package for COVID-19 affected people and businesses, stated the World Bank.

A growing number of banks and fintech firms are forming partnership to implement embedded finance in Vietnam.

Vietnamese abroad sent home US$17.2 billion worth of remittances in 2020, making the country the third-largest remittance recipient in the East Asia and Pacific region, said the Migration and Development Brief released by the WB and the Global Knowledge Partnership on Migration and Development.

Vietnam ranks 70th among 190 economies in this year's Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th.

The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction and consumption sectors, and Build-Operate-Transfer (BOT) projects.

The State Bank of Vietnam (SBV) has told financial institutions to reschedule debt repayments to help customers affected by the COVID-19 pandemic.

Participants at a May 7 workshop in Hanoi recommended that Vietnamese businesses diversify capital sources funding their activities in the new context instead of being over-reliant on the banking system.

Leading economic experts forecast an optimistic growth outlook for Vietnam in 2021 despite the COVID-19 pandemic.

Party General Secretary Nguyen Phu Trong lauded efforts and achievements made by the banking sector during the national cause of economic development as he delivered a speech at a ceremony marking the sector’s 70th founding anniversary (May 6).