The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.

The Finance Ministry said on September 6 that Moody’s Investors Service has upgraded Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.

The index of industrial production (IIP) in the first eight months of 2022 surged 9.4% over the same period last year, according to the General Statistics Office (GSO).

A total of VND285.4 trillion (US$12.18 billion) sourced from the State budget was disbursed in the first eight months of 2022, equal to 51% of the yearly plan and up 16.9% year-on-year.

The global hotel and resort sector is recovering well from the COVID-19 pandemic with improvements on occupancy and room rates, and Vietnam is no exception, said Mauro Gasparotti, director of Savills Hotels Asia Pacific.

As the tightening of lending and corporate bond issues is hitting the property sector, the market is doomed to grapple with severe financial hardships.

The restoration of flights and increased number of passengers are helping airlines and non-aviation businesses to gradually recover in profit after the pandemic.

VOV.VN - Vietnam is among the top countries with the highest cancer rate worldwide, according to a recent International Scientific Conference on Cancer Prevention in Hanoi.

Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months, according to experts.

Capital account restrictions largely insulate interest rates in Vietnam from global monetary tightening and the country’s policy rate is expected to increase 50 basis points to 4.5% by end-2023, according to Fitch Ratings.