VOV.VN - With the EU representing a meticulous market, there is no room for impatient businesses that show a lack of creativity or have poor-quality goods, meaning that local firms must be proactively innovative with their product quality.

There has been a major reshuffle in profit rankings at the top of the banking industry due to the effects of the pandemic and provisioning for bad debts.

Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.

The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another US$40 million for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).

VOV.VN - With national demand for electricity growing by 10.6% in the 2016 to 2020 period, with further growth of 8.5% expected in the 2021 to 2025 period, the country is becoming an attractive market for both domestic and foreign energy investors.

VOV.VN - The World Bank and the State Bank of Vietnam on July 30 signed a US$6.2 million grant agreement to strengthen Vietnam’s coronavirus surveillance and testing capacities, research capacity for COVID-19 vaccines and test kits.

Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3% this year on soft external demand, with external headwinds set to offset domestic outperformance.

Domestic banks are expected to face increasing competition, especially as European banks will be able to access the Vietnamese market when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.

VOV.VN - The Advisory Council for Administrative Procedure Reform of the Prime Minister and the Republic of Korea (RoK) Embassy held a dialogue on July 17 alongside the Korean business community based in Vietnam to find solutions to solve difficulties.

Despite a worldwide economy hit hard by the COVID-19 pandemic, the banking sector has still enjoyed a good first half of the year and are on course to meet targets.