banking support to back up business development

Banking support to back up business development

Vietnam’s central bank is taking swift action on interest rate movement to align with the government’s commitment towards supporting the business community.
more solid guarantees crucial for credit landscape

More solid guarantees crucial for credit landscape

The economy has yet to fully prosper despite a wide range of measures being taken gearing towards a rebound. Economist Nguyen Tri Hieu talked with VIR’s Nhue Man about the factors behind the current credit environment in Vietnam, the motivation to fuel total aggregate demand, and how to boost credit growth.
usd rate pressures domestic landscape

USD rate pressures domestic landscape

While exchange rates have undergone considerable volatility, witnessing a surge which positively influences import-export activities, the domestic scene faces renewed pressure, attributed to the VND-USD interest rate being at negative levels.
na chairman attends binh dinh industrial park township opening

NA Chairman attends Binh Dinh industrial park, township opening

National Assembly Chairman Vuong Dinh Hue attended the inauguration of the first phase of the Becamex VSIP Binh Dinh Industrial Park and Township in the central province of Binh Dinh on March 4.
prospects still cloudy for bancassurance

Prospects still cloudy for bancassurance

Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
lending interest rates continue on downward trend

Lending interest rates continue on downward trend

Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
thua thien hue strives to become centrally run city by 2025

Thua Thien Hue strives to become centrally run city by 2025

Deputy Prime Minister Tran Hong Ha has signed a decision approving a plan to turn Thua Thien Hue into a centrally run city by 2025 and a typical heritage city of Vietnam by 2030.
gilimex starts work on centralised wastewater treatment station

Gilimex starts work on centralised wastewater treatment station

Gilimex Industrial Park Joint Stock Company on February 15 held a groundbreaking ceremony for the Centralised Wastewater Treatment Station of Gilimex Industrial Park in Thuy Phu commune, Huong Thuy town, Thua Thien-Hue province.
soft and smart management of fresh legislation

Soft and smart management of fresh legislation

Vietnam’s economy has weathered difficulties to reach a positive growth rate in 2023 and is making good preparations for 2024. Chairman of the National Assembly Vuong Dinh Hue talked with VIR’s An Nguyen about the outlook for the rest of this year.
positivity and cooperation can boost nations innovation

Positivity and cooperation can boost nation’s innovation

Reflecting on his extensive journey in the automotive industry, Vo Quang Hue is set to release a book this year, recalling his experiences in various renowned corporations across countries.
agribank furthers growth of thriving rural areas

Agribank furthers growth of thriving rural areas

Vietnam Bank for Agriculture and Rural Development (Agribank) has made great contributions to the success of their customers and brought development and prosperity to Vietnam’s farthest corners.
experts share mixed sentiments on forex in 2024

Experts share mixed sentiments on forex in 2024

Banking experts have mixed views about the foreign exchange situation amid volatile landscape at home and abroad.
ownership tweaks show commitment to improve

Ownership tweaks show commitment to improve

The amended Law on Credit Institutions was passed on January 18. Banking trainer and consultant Le Hoai An discussed the impact of this with VIR’s Nhue Man and the adjustment of the maximum institutional ownership capital in commercial banks.
banking institutions expect advances

Banking institutions expect advances

Global political and economic uncertainties will persist in 2024, but as governments find a more common voice, it is expected that the banking and financial panorama will become brighter.
exchange rate fluctuations set to carry on this year

Exchange rate fluctuations set to carry on this year

While the most difficult times for exchange rates may be in the rearview mirror, the recovery path is uneven and caution is required.