The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.

Commercial banks are trying to boost individual consumer loans, especially to home and car buyers, since credit growth had slowed due to low capital demand from businesses.

VOV.VN - Economic experts in the financial and securities sectors from Singapore have stated that the Vietnamese economy has made a recovery in the third quarter of the year, despite its growth rate being weaker than forecast, with annual gross domestic product (GDP) growth reaching between 2.8% and 2.9%.

The Bank of Thailand (BOT) has successfully launched a new platform leveraging blockchain technology for government savings bond issuance.

The expanded road transport network with the building of expressways in Vietnam has contributed to the country’s noted economic growth over the past 15 years, heard a forum in central Khanh Hoa province on September 28.

The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also hampered some lenders’ cross-border mergers, forcing them to take different approaches to their foreign ownership limit.

The Saigon – Hanoi Commercial Joint Stock Bank (SHB) has received four awards by The Asian Banking and Finance Magazine (ABF) in both categories of retail and wholesale banking.

The Megabank of Taiwan has applied for permission to open a branch in the northern port city of Hai Phong, according to the Dau Tu (Investment Review) newspaper.

A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.

Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).