Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%.

VOV.VN - Prime Minister Pham Minh Chinh on October 16 met with presidents and general directors of commercial banks on the occasion of Vietnam Entrepreneurs' Day.

Financial institutions and the world’s top credit rating agencies’ forecasts on Vietnam’s economic growth are completely founded, said Russia’s Sputnik radio.

Ted Osius, former US Ambassador to Vietnam and President of the US-ASEAN Business Council, has commended the Vietnamese Government for its good economic management, making it one of the leading economies in Southeast Asia.

Deposits at all banks, including the Saigon Commercial Bank (SCB), are guaranteed by the State in all cases, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong affirmed on October 10 when talking to the media regarding recent issues related to the SCB.

VOV.VN - Renowned Swiss French-language newspaper Agefi, a publication based in Geneva, recently released an article titled “Le Vietnam et les nouveaux tigres asiatiques”, “Vietnam and the new Asian tigers” in English, by author Guy Mettan, which outlines Vietnam’s role as one of the leading emerging economies and its important role in Asia.

The Vietnamese central bank’s move to lift short-term deposit rate caps is likely to raise the average cost of funds – both deposit and interbank rates – for Vietnamese commercial banks.

Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.

Foreign newspapers have highlighted Vietnam’s impressive success after the World Bank (WB) forecast that its economy will lead Asia with a growth rate of 7.2% this year, up from the previous forecast of 5.3% in April.

The Republic of Korea’s digital transformation policy and implications for Vietnam, Vietnam’s digital banking transformation policy, the importance of credit information system in digital transformation and the leap towards digitisation were discussed at a recent symposium in Hanoi.