It's too early to tell how the ongoing Russia-Ukraine conflict will affect Vietnam's banking sector, said industry experts.

VOV.VN - The decision by Western allies to remove Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system will not only affect Russian payments, but also many other countries globally, including Vietnam, according to experts.

VOV.VN - 2021 presented a bonanza year for Vietnam’s stock market as its benchmark VN-Index rose nearly 36%, making it into the top 10 benchmark indexes in the world.

It is possible to keep the inflation under 4% this year but inflationary pressure is expected to be great next year, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told the National Assembly’s Q&A session on November 12.

VOV.VN - Inflation has been kept at a low rate in Vietnam since the beginning of the year, although pressure is starting to build up moving into the remaining months of the year and early 2022, according to economists.

The average consumer price index (CPI) in the first four months of this year inched up 0.89% from the same period last year, the lowest rise for the period since 2016 and clearing the way for the country to achieve its goal of keeping inflation at below 4% for the year as a whole.