The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by VND490 to VND24,870 per USD - the highest rise in many years.

VinFast, the first Vietnamese electric vehicle (EV) manufacturer, said on October 24 that it has received a US$135 million climate financing package from the Asian Development Bank (ADB) to manufacture Vietnam's first fully-electric public transport bus fleet and national EV charging network.

Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.

VOV.VN - Vietnam’s economy registered strong annual growth of 13.7% in Q3, mostly reflecting a low base effect, according to the October edition of the World Bank (WB)’s monthly Vietnam Macro Monitoring.

The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.

The non-profit Food Bank Vietnam on October 15 launched a programme called Food Share to promote food sharing and stop wastage.

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.