In light of Vietnam's projected generation of approximately 10.8 million voluntary carbon credits annually, there is a growing demand for efficient exchange and purchase mechanisms, prompting active discussions about the establishment of a domestic carbon credit exchange.

The state budget revenue stood at VND875.8 trillion (US$37 billion) in the first half of 2023, equivalent to 54% of this year’s target, reported the Ministry of Finance (MoF).

The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

Shinhan Bank Vietnam Limited on June 29 signed a memorandum of understanding (MoU) with BC Card Company to establish a strategic collaboration in the development of acquiring business in Vietnam.

The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.

Credit growth since the start of 2023 remains low, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said, blaming that fact on both subjective and objective causes.

The State Bank of Vietnam (SBV) and relevant ministries are currently implementing a series of solutions aiming to increase the capital absorption of the economy amid low credit growth.

A conference discussing solutions to facilitate businesses' access to credit and promote capital absorption of the economy took place on June 19 in Hanoi.

Low credit growth has made large banks curb capital mobilisation and implement solutions for attracting borrowers.

Vietnam’s is seeking investment in clean energy as part of its scheme to develop a carbon market in order to achieve net zero emissions by 2050.