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.

VOV.VN - The State Bank of Vietnam (SBV) has decided to raise operating interest rates by approximately 1% as of September 23 in an effort to keep inflation in check and maintain the macroecnomic stability.

High-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said.

VOV.VN - Vietnam’s economic recovery has continued despite heightened economic uncertainties in relation to higher global inflation coupled with weakened economic growth in main trade partners, according to the September edition of the World Bank (WB)’s monthly Vietnam Macro Monitoring.

Politburo member and Chairman of the Party Central Committee’s Economic Commission Tran Tuan Anh has hailed the Japan Bank for International Cooperation (JBIC) for its effective operations and active contributions in Vietnam, including providing financial support for projects.

An Binh Commercial Joint Stock Bank won for ‘Trade Deal of the Year’ given to banks for outstanding achievements in trade finance at the Asian Development Bank Trade and Supply Chain Finance Programme Awards held in Singapore last week.

Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.