Business

Lending interest rates in VND forecast to decrease slightly

More than 70 percent of credit organisations predict that both deposit and lending interest rates in Vietnamese dong this year will reduce by 1.24 percent and 1.43 percent a year, respectively, in comparison with the levels at the end of 2013.
More than 70 percent of credit organisations predict that both depositand lending interest rates in Vietnamese dong this year will reduce by1.24 percent and 1.43 percent a year, respectively, in comparison withthe levels at the end of 2013.

According to asurvey conducted by the Monetary Statistics and Forecast Departmentunder the State Bank of Vietnam from May 20 to June 9, 90 percent ofcredit organisations expect their mobilised capital and loan outstandingbalance will grow by 3.4-3.6 percent in the third quarter and 14.2percent for the entire 2014.

Over 90 percent ofthe organisations also believe their liquidity will remain stable orimprove in the second half of the year, while 80 percent of them thinktheir bad debt/ outstanding loan ratio remains stable or decreasesslightly in the second and third quarters.

Meanwhile, around two thirds expect an improvement in their business inthe third quarter and the whole year, and a recovery in customers’demand for banking products and services.

In thesecond quarter, credit organisations focused their resources onimproving their policies and customer services, as well as increasingthe quality of products and capacity of risk management.-VNA
Follow VietnamPlus

See more

Octopus processing for export at Huy Nam Company in An Giang province. (Photo: VNA)

New opportunities for Vietnam’s seafood exports

The Vietnam-EFTA Free Trade Agreement brings together two groups of highly complementary economies. EFTA members Switzerland, Norway, Iceland and Liechtenstein have strengths in technology, innovation, finance, clean energy and sustainable development, while Vietnam is one of Asia’s most dynamic economies and is emerging as a major regional manufacturing, trade and investment hub.

The saponin content of Lai Chau ginseng can reach as high as 23.85% in its natural state, a remarkably high level compared to many other ginseng species. (Photo: baolaichau.vn)

Lai Chau ginseng development gains momentum

Blessed with rare and distinctive ecological values, the northern mountainous province of Lai Chau is stepping up efforts to conserve and develop its native ginseng, with the medicinal plant expected to play a growing role in the forest-based economy and local livelihoods.

The Vietnamese delegation poses for a group photo at the third meeting of the Vietnam-Canada Joint Economic Committee (Photo: VNA)

Vietnam, Canada broaden economic cooperation beyond trade

Vietnam is currently Canada’s largest trading partner in ASEAN. Building on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the two countries are expanding bilateral economic ties into higher value-added areas such as clean energy, critical minerals, advanced technology, manufacturing and value-chain linkages.

The Index of Industrial Production (IIP) rises 14.4% in August and 11.9% in the first eight months compared to a year earlier. (Photo: VNA)

More momentum needed for economic growth in year-end race

To build momentum for the year-end race, one of the top priorities is to accelerate public investment disbursement, ensuring 100% of the allocated plan is disbursed without allowing funds to be concentrated in the final months of the year.

Vietnamese enterprises showcase products at the Vietnam Pavilion during the Foodist Istanbul 2026 fair. (Photo: Vietrade)

Vietnamese goods gain export opportunities in Türkiye, Spain

Vietrade said the programme helped businesses gain practical market information, identify potential products and partners, and better understand requirements on quality, pricing and distribution. Such direct connections are expected to help companies adapt their products and develop more effective export strategies.

Prime Minister Le Minh Hung (left) receives WTO Director-General Ngozi Okonjo-Iweala in New Delhi, India on September 12 (Photo: VNA)

PM Le Minh Hung calls on WTO to continue support for Vietnam

Vietnam actively and responsibly participates in the WTO’s agenda and supports its coordinating role in promoting inclusive and balanced global trade for peace, cooperation and development, while effectively responding to global challenges, said Prime Minister Le Minh Hung.