Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.

Vietnam's increased demand for infrastructure development in the coming years requires governmental policies that encourage the private sector's participation, said economists and policymakers.

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.

The State Bank of Vietnam (SBV) has been drastically implementing measures, particularly those to reduce loan interest rates, said its deputy governor Dao Minh Tu at a regular government press conference on May 5, calling it one of the important and practical policies to help businesses.

VOV.VN - The Ho Chi Minh City branch of Thai banking giant Kasikorn Bank (KBank) recently raised its charter capital from US$80 million to US$285 million in Vietnam, representing a 2.5 fold-rise according to the plan approved by the State Bank of Vietnam.

The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to US$5 million to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs).

Container shipping in Vietnam and Cambodia had the fastest port turnaround times in ASEAN in June 2022 with both countries scoring an average of 0.9 days, according to a World Bank (WB) report.

A workshop themed “The past, present and future of international business relations: A case of Vietnam - the UK” was hosted by the Vietnamese Embassy in the UK in collaboration with London South Bank University (LSBU), on April 27.

It is critical to develop a proper legal framework for consumer credit to protect the legitimate rights of both borrowers and lenders, experts have said.

The People's Committee of the Mekong Delta province of Ben Tre, in collaboration with Standard Chartered Bank, organised a seminar on enhancing competitiveness and promoting sustainable development with ESG (environment, society, and governance) on April 26.