Prime Minister Pham Minh Chinh has called on the International Fund for Agricultural Development (IFAD)’s assistance for Vietnam to develop the carbon credit market and support farmers in remote areas.
The Vietnamese Government has issued a new decree stipulating that foreign investors could only buy treasury stocks which were purchased by credit institutions before January 1, 2021.
Commercial banks have stimulated credit demand right from the start of the year to support economic growth.
Acting Chairman of the People's Committee of Quang Tri province Ha Sy Dong expressed his hope that the collaboration will effectively contribute to Vietnam’s and Italy’s international ecological environment commitments.
Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over VND3.9 quadrillion (US$153.3 billion), a 11.3% increase for the year, according to the central bank.
Average home loan interest rates may increase slightly from the beginning of this year due to rising capital costs, analysts forecast.
Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Credit growth across Vietnam's banking system is projected to reach about 16% in 2025, according to the State Bank of Vietnam (SBV).
Vietnam's total state budget revenue for 2024 is projected to surpass VND2.02 quadrillion (approximately US$79.24 billion), marking an increase of 19.1% compared to the estimate, according to the Ministry of Finance.
Thailand’s fintech giant SCB X has announced a plan to complete its acquisition of Home Credit Vietnam Finance Co, the consumer finance arm of Home Credit NV (Home Credit Group), in the first half of 2025, pending regulatory approval.