By early May, commercial banks have started to reduce deposit interest rates. With this the average deposit interest rate that had peaked in January at 9 percent per year for a 6-month term decreased to around 7.5 percent per year.
The economy is facing external headwinds as weakening external demand continues to weigh on exports, translating into weakening industrial production, according to the May edition of the World Bank’s monthly Vietnam's economy published today.
Deputy Prime Minister Le Minh Khai stressed on the Banking Digital Transformation Day 2023 that this inevitable complicated process should be done with care, adapting from international experience and achievements to suit Vietnam’s context.
On May 11, the State Bank of Vietnam (SBV) and the People's Committee of Ho Chi Minh City jointly organized a conference to discuss monetary and credit solutions to support and promote the economy of the Southeast region.
Banks in Vietnam are now very keen to tie up with financially strong foreign partners to increase their capital, especially in the current situation where capital flow is limited to small deposits and people are holding on to their savings.
Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.
The Traffic Safety Committee of Thua Thien Hue Province yesterday sent a formal dispatch to related state units, asking for cooperation to ensure traffic safety in slope construction at Km69+900 of Cam Lo – La Son Expressway project.
Deputy Minister of National Defence Senior Lieutenant General Hoang Xuan Chien on June 7 received Director of the US Defence Prisoners of War/Missing In Action ((POW/MIA) Accounting Agency Kelly K. Mc Keague.
The Civil Aviation Authority of Vietnam (CAAV) sent a document proposing cooperation in transporting exam questions for the national high school graduation exam and university entrance examination to aviation organizations and businesses.