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.

VOV.VN - Vietnamese Deputy Prime Minister Tran Hong Ha will attend an international summit for a New Global Financing Pact to be held in Paris, France, on June 22-23.

VOV.VN - The central province of Thanh Hoa and its neighbouring Lao province of Houaphanh held talks and signed co-operation documents on June 20 in the Vietnamese locality.

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.

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

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

VOV.VN - Vietnam is the Czech Republic's most important partner in Asia, Czech Deputy Minister of Industry and Trade Edvard Kozusnik said at the Czech-Vietnam Business Forum held on June 15, in Prague.

VOV.VN - The volume of international searches for Vietnamese tourism soared by 10% to 25% during the period from early March to June, making it the seventh highest growth rate worldwide, according to a report released by the Google Destination Insights.

Agriculture has long been the backbone of Vietnam’s economy for a number of comparative advantages, such as cultivated land, forest cover, sea territories, tropical climate, and available and cost effective labour, according to Surajit Rakshit, head of Global Trade and Receivables Finance, HSBC Vietnam.

Many reputable international organisations have shown their optimism about Vietnamese economic outlook, predicting that the country can complete its GDP growth target of 6.5% this year.