Tag: banks
World Bank commits strong support for Vietnam’s major development projects
The World Bank (WB) has reaffirmed its commitment to supporting Vietnam in mobilising diverse financial resources to implement large-scale infrastructure projects.
Credit growth forecast to hit 19-20% this year
VOV.VN - As of the end of September, total credit to the national economy had risen 13.37% compared to the start of the year, marking the highest growth in about 15 years. At this pace, the State Bank of Vietnam (SBV) expects full-year credit growth to reach 19-20%.
Algerians detained for circulating fake US bank notes in Phu Quoc
VOV.VN - Police of the Phu Quoc Special Zone in the Mekong Delta province of An Giang on October 3 announced that they have issued arrest warrants and prosecuted two Algerian nationals for circulating counterfeit US dollars in Phu Quoc.
World Bank backs Vietnam’s plan to make science and innovation new growth engine
Deputy Minister of Finance Nguyen Duc Tam said Vietnam is determined to make innovation and strategic technology sectors the driving force of national development, as he addressed an international forum in Hanoi on October 2.
Int’l financial institutions recognise Vietnam as bright spot in economic growth
Vietnam is widely recognised by international financial institutions as a bright spot of regional growth despite ongoing global economic uncertainties, with GDP growth of 7.5% in the first half of 2025, laying a solid foundation for the Government’s full-year target of 8.3-8.5%.
ADB raises Vietnam’s economic growth forecast to 6.7% in 2025
VOV.VN - The Asian Development Bank (ADB) has revised Vietnam’s GDP growth forecast for 2025 upward to 6.7%, an increase of 0.4 percentage points compared to the July projection.
VinFast partners with State Bank of India on EV financing solutions
VOV.VN - VinFast Auto India, a subsidiary of the Vietnamese EV maker, has signed a Memorandum of Understanding(MoU) with the State Bank of India (SBI), the country’s largest lender, to provide inventory financing for its exclusive dealer network.
Cai Mep port remains 7th among the world’s most efficient container ports
VOV.VN - Cai Mep port in Vietnam has retained its 7th position among 403 of the world’s most efficient container terminals and port clusters, according to the Container Port Performance Index (CPPI) 2020-2024, recently released by the World Bank and S&P Global Market Intelligence.
Vietnam Card Day 2025 launched under theme ‘One Touch – Million Trusts’
The organising committee of Vietnam Card Day 2025 on September 26 announced the launch of this year’s event under the theme 'One Touch – Million Trusts', highlighting the country’s progress in digital payments and the banking sector’s commitment to building public confidence in cashless transactions.
Deputy PM receives leader of Industrial Bank of Korea
Deputy Prime Minister Ho Duc Phoc hosted a reception for Kim Sung-tae, Chairman and CEO of the Industrial Bank of Korea (IBK) in Hanoi on September 23.