The State Bank of Vietnam (SBV) has directed credit institutions to reduce some transaction fees from August 1 this year to support customers amid the outbreak of the latest COVID-19 pandemic.

Banks will continue to tighten lending in risky sectors including securities, real estate, financial, and tourism business, seeing higher credit risks in the remaining months of this year, a survey carried out by the Monetary Forecasting and Statistics Department has said.

Three mobile network operators - Viettel, VNPT and MobiFone - have applied for the implementation of their own Mobile Money pilot projects.

VOV.VN - The Central Institute for Economic Management (CIEM) has revised two scenarios for the Vietnamese economy by the end of the year, with the GDP rate forecast to expand by 5.9% and 6.2%, respectively.

The International Finance Corporation (IFC) has provided a US$100 million long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting.

National flag carrier Vietnam Airlines on July 7 signed a credit deal – worth total of VND4 trillion (US$173.7 million) – with three commercial banks, which are expected to weather the financial impact of the COVID-19 pandemic.

Nearly 1.3 million poor and near-poor households had got access to loans from the Vietnam Bank for Social Policies (VBSP) to cope with COVID-19 in the first half of this year.

Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic.

The Vietnam Airlines Corporation and the Southeast Asia Commercial Joint Stock Bank (SeABank) have signed a credit contract worth VND2 trillion (US$87.24 million), part of which will be disbursed by the bank in early July.