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.

Vietnam’s GDP growth in 2022 and 2023 will be among the highest in Southeast Asia as shown in many international organisations’ forecasts and assessments on the Vietnamese economic outlook.

VOV.VN - Italian media outlet La Repubblica recently published an article outlining Vietnam as a new tiger in Asia based on the World Bank’s 7.2% GDP growth forecast for the country this year.

VOV.VN - The World Bank (WB) has raised its GDP growth forecast for Vietnam this year to 7.2% from 5.3% in April, while the overall rate of the East Asia and Pacific region is projected at 3.2%.

Moving to low-carbon rice production offers the highest potential for Vietnam to meet its goal of cutting methane emissions by 30% by 2030 while boosting the competitiveness of a strategic export item, a new World Bank report says.

As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.

As of September 16, credit grew 10.47% against the end of 2021 and 17.19% against the same period last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

Besides interest and exchange rates, non-performing loans (NPLs) are also a concern for banking activities in the remaining months of 2022, experts have warned.