Outstanding credit of the banking system is forecast to increase 4.4% in the first quarter and 14.2% in 2024, up 0.4 percentage point from the previous prediction of 13.8%.

VOV.VN - The State Bank of Vietnam's (SBV) competent authorities can conduct unscheduled inspections of credit institutions in order to ensure their compliance with monetary and banking legal regulations from next month, according to a newly issued circular which will become effective from February 8.

The National Assembly (NA) will consider the approval of the draft amended Land Law and the draft amended Law on Credit Institutions – the two extremely important bills – at its fifth extraordinary session scheduled to take place next week.

Deputy Prime Minister Tran Hong Ha on January 8 requested the comprehensive development of a carbon credit market when chairing a meeting on the establishment of the market in Vietnam.

VOV.VN - The National Assembly will convene its fifth extraordinary session from January 15 to 18, according to the National Assembly Standing Committee.

VOV.VN - The State Bank of Vietnam (SBV) forecast that nearly VND2 quadrillion would be pumped into the national economy in 2024 to support economic recovery if the 15% credit growth target is met.

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said at the press conference on January 3 that the central bank will not consider increasing operating rates and might extend debt rescheduling policies to support enterprises this year.

Vietnam’s credit growth reached around 13.5% in 2023 although unprecedented developments of the global economy posed formidable challenges to the country’s monetary policy, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on January 3.

The State Bank of Vietnam (SBV) has set a credit growth target of 15% for the domestic banking system in 2024.

VOV.VN - For the first time Vietnam has sold 10.3 million forestry carbon credits (10.3 million tonnes of carbon dioxide CO₂) this year, bringing in US$51.5 million, according to the Ministry of Agriculture and Rural Development (MARD).