Banks will have to exercise caution to ensure stable liquidity when trillions of Vietnamese dong in savings deposits reach their maturity dates over the next few months, according to experts.

Amid the global economic recession, Vietnam’s industrial growth in 2023 may experience a slight decline, but agricultural output is expected to increase modestly, according to experts.

VOV.VN - With a number of key export items recording a double-digit growth rate, Canada has become Vietnam’s fifth most important export market behind the United States, China, the Republic of Korea, and Japan, according to the General Department of Vietnam Customs.

VOV.VN - Vietnam exported 219,000 tonnes of cashew nuts worth US$1.28 billion during the first five months of the year, increasing by 8.0% in volume and 5.5% in value compared to the same period last year, according to the General Department of Vietnam Customs.

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.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.

The southern largest economic hub of Ho Chi Minh City is striving to achieve an annual growth rate of at least 10% in the inflow of remittances during the 2023-2025 period and maintains this rate in 2025-2030.

Measures must be taken to bring down bank interest rates, said the State Bank of Vietnam (SBV) at a meeting with CEOs from 26 commercial banks in the country on May 25.

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

VOV.VN - The Hanoi international chess tournament 2023 officially kicked off on May 22 at the Cultural Exchange Center in Hanoi’s Old Quarter.