Vietnamese economy is likely to grow 10% in Q3: VinaCapital Business

Vietnamese economy is likely to grow 10% in Q3: VinaCapital

The Vietnamese economy is likely to grow 10% year on year in the third quarter of this year, driven by strong domestic consumption, according to Michael Kokalari, chief economist at VinaCapital, one of the country’s leading investment management and real estate development companies.
Big banks hike deposit interest rates Business

Big banks hike deposit interest rates

Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game.
Tax deferrals help firms Business

Tax deferrals help firms

Tax deferral policies are giving significant support to enterprises to overcome difficulties and recover production and business in the post-pandemic period, experts have said.
Capital demand remains high after Lunar New Year holiday Business

Capital demand remains high after Lunar New Year holiday

The State Bank of Vietnam (SBV) has to continually inject money to support the liquidity of the banking system as the capital demand and interest rates on the interbank market have remained high though the Tet (Lunar New Year) holiday has ended.
Inflationary pressure remains big next year: SBV Governor Business

Inflationary pressure remains big next year: SBV Governor

It is possible to keep the inflation under 4 percent this year but inflationary pressure is expected to be great next year, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told the National Assembly’s Q&A session on November 12.