Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.

The State Bank of Vietnam (SBV) targets a credit growth rate of 12% in 2021, equivalent to the growth of 12.13% last year, according to SBV Deputy Governor Dao Minh Tu.

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

Credit loans must be always available for production and business enterprises, especially those operating in such areas as agriculture, export and high-tech, Prime Minister Nguyen Xuan Phuc said on December 26. ​

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.

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

VOV.VN - Prime Minister Nguyen Xuan Phuc on December 2 chaired a regular Government meeting for November, with there now being less than 30 days until the end of the year, which has represented a period full of fluctuations, challenges, and difficulties.

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).

Connectivity between banks, businesses, and farmers in value chains is essential for Vietnamese goods to enter the EU market, a workshop in Hanoi on November 20 heard.

VOV.VN - Vietnam’s economy is set to grow by 2.4% this year due to the implementation of swift fiscal and monetary policies, along with decisive steps aimed at containing the health and economic fallout from the COVID-19 pandemic, according to the International Monetary Fund (IMF).