Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets, according to experts.

VOV.VN - The retail prices of petrol were revised up by VND500 per litre as of 3 p.m. on June 1, following the most recent changes made by the Ministry of Industry and Trade, and the Ministry of Finance.

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.

Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.

The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.

Having hold of a large amount of bad debts mortgaged by real estate, Vietnam’s four biggest State-owned banks are urgently recovering the debts, but the work remains tough for them due to the slowdown of the realty market.

Credit growth in the first months of this year slowed significantly due to high interest rates and firms’ poor health, raising concerns about rising bad debts.

As Vietnam is about to join the group of upper-middle-income countries and pursuing the goal of becoming a developed and high-income country by 2045, the continuous renovation of economic institutions becomes more urgent than ever, said experts at a political dialogue workshop in Hanoi on March 1.

Prime Minister Pham Minh Chinh expressed his hope that the baking sector will be more proactive, creative and responsive to policies in 2023 at a meeting on January 27 or the sixth day of the Lunar New Year.

Vietnam’s debt market was still in its infancy and sound policies were required to bolster growth, said policymakers and financial experts during a conference in Hanoi on November 29.