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.