Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has suggested sectors and localities take more measures to remove difficulties facing small- and medium-sized enterprises (SMEs), stressing that policy solutions are needed to help businesses access capital.

Deputy Minister of Industry and Trade Phan Thi Thang on July 4 expressed her hope that Vietnam and the World Bank (WB) will step up their cooperation in the time ahead, prioritising the improvement of energy efficiency and sustainable clean energy.

Vietnam’s 2023 growth is below-trend amid global external headwinds, but its position as a manufacturing FDI darling remains intact, DBS, Singapore’s leading consumer bank, said in a report released on July 3.

The United Overseas Bank (UOB) has lowered its 2023 economic growth forecast for Vietnam from 6% to 5.2%, and forecast that Vietnam will continue to cut regulatory interest rates in the third quarter this year to stimulate its economy.

VOV.VN - Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been named as the Best Bank in Vietnam and won the Most Innovative Use of Technology in Vietnam at the 27th Finance Asia Country Awards, which honours the best financial enterprises throughout the region.

The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

Shinhan Bank Vietnam Limited on June 29 signed a memorandum of understanding (MoU) with BC Card Company to establish a strategic collaboration in the development of acquiring business in Vietnam.

VOV.VN - The World Bank Board of Directors approved a US$263.9¬-million International Development Association credit for Vietnam on June 19, aimed at bolstering the country’s efforts to achieve an inclusive, green, and digitally-driven economic recovery with reforms aimed at supporting households, businesses, and expansion of renewable energy.

The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.

The stock market has reportedly shown positive response to recent interest rate cuts.