Credit growth since the start of 2023 remains low, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said, blaming that fact on both subjective and objective causes.

VOV.VN - The Vietnam Report JSC recently published a list of the top 10 prestigious banks in the nation for 2023.

The State Bank of Vietnam (SBV) and relevant ministries are currently implementing a series of solutions aiming to increase the capital absorption of the economy amid low credit growth.

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

VOV.VN - Continued weak external demand coupled with global uncertainties are adversely affecting the Vietnamese economy, translating into contraction in both imports and exports, as well as a slowdown in industrial production, said the World Bank in its Vietnam Macro Monitoring, June edition.

Cashless payments are developing rapidly in Vietnam, especially after the COVID-19 pandemic, with transactions via banks averaging US$40 billion per day, according to Pham Anh Tuan, Director of the State Bank of Vietnam (SBV)’s Payment Department.

Though deposit interest rates listed at commercial banks have decreased rapidly after the State Bank of Vietnam's (SBV) policy rate cut, savings of individual customers have kept rising.

Samsung Vina Electronics signed a memorandum of understanding (MoU) with Shinhan Bank Vietnam to establish a strategic relationship between Samsung Wallet and financial products from Shinhan Bank on June 14.

VOV.VN - The Australian Government and the World Bank (WB) have formally agreed to extend their partnership in support of the sustainable and inclusive Vietnamese development agenda.

UOB FinLab, an innovation accelerator powered by the Singapore-based United Overseas Bank (UOB), announced its official launch in Vietnam on June 13.