The banking industry's credit is projected to have expanded 11% for the year by the end of December, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed at a press conference on December 24.

The pandemic and uncertainties have put pressure on the global economy. However, Vietnam, though facing many risks, is expected to continue growing well.

The Bank for Investment and Development of Viet Nam (BIDV)'s foreign-currency deposit rating has been raised from B1 to Ba3 by Moody’s.

VOV.VN - The nation’s human development index (HDI) value for 2019 stood at 0.704, thereby putting the country in the high human development category and earning it a position of 117th out of 189 nations and territories globally.

VOV.VN - It is anticipated that there will be a surplus of approximately 1.5 million men between the age of 15 and 49 by 2034, with the figure set to rise to 2.5 million by 2059, according to data released by the General Statistics Office (GSO).

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30%.

Companies in the supporting industry will get an interest rate subsidy from next year in an effort to promote the development of the part-supply industry, said Pham Tuan Anh, Deputy Director of the Industry Agency under the Ministry of Industry and Trade.

For its almost 100 percent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.

The Operations Centre of the State Bank of Vietnam, on November 24, adjusted down both the buying and selling rates for the US dollar, the first adjustment made so far this year.

Outstanding loans in Vietnam exceeded VND8.79 quadrillion (US$378.74 billion) as of November 17, an increase of 7.26% from the end of 2019, according to the State Bank of Vietnam (SBV).