VOV.VN - Vietnam’s economic growth could slow as its population ages, squeezing public finance and stressing the service delivery system, unless timely reforms are set in motion, a new World Bank report finds.

The Vietnam International Bank (VIB) and Microsoft Vietnam has announced a three-year strategic partnership to leverage Microsoft Azure as the preferred cloud platform to accelerate the pace of innovation, create valuable new services to meet present and future banking needs of customers.

Sacombank has won two awards, the ‘Vietnam Domestic Trade Finance Bank of the Year’ and ‘Vietnam Domestic Technology and Operations Bank of the Year,’ from The Asian Banking and Finance magazine.

VOV.VN - The World Bank (WB) and partners on September 29 launched a project aiming to reduce economic and health vulnerability of older persons in Vietnam, under a US$2.75-million grant, funded by the Government of Japan through the Japan Social Development Fund (JSDF), administered by the WB.

Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5% to 7% from 2022 onward, the World Bank has forecast.

The World Bank has suggested the Vietnamese Government early devise back-up plans in case the COVID-19 pandemic could last one or two more years, and conduct vaccination in parallel with testing to control the pandemic and mitigate its economic loss.

The Ho Chi Minh City People’s Committee has made several suggestions for the Ministry of Finance’s decree to support businesses and individuals affected by the COVID-19 pandemic, including ensuring bank lending rates are no more than 2% higher than deposit interest rates.

Digital economy, including digital finance and digital banking, will be an effective solution to recover the economy of the world and Vietnam in particular, heard a seminar held by the National Assembly’s Foreign Affairs Committee on September 28.

VOV.VN - The Hanoi Union of Friendship Organizations (HUFO) in collaboration with the Vietnam Fatherland Front Committee of Dong Da district presented 108 gifts to foreigners on September 27, many of whom are facing difficulties due to the impact of the COVID-19 pandemic.

VOV.VN - Slowing COVID-19 vaccination rate, along with travel restrictions, inadequate economic response policies, and limited social support schemes, have significantly affected the national economy, said Jacques Morisset, chief economist of the World Bank (WB) in Vietnam.