The State Bank of Vietnam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time since 2011.
Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.
The prices of oil and petrol have been kept unchanged after the latest regular adjustment by Ministry of Finance and the Ministry of Industry and Trade on February 15.
Analysts believe banking credit growth will ease off next year, but since lending activities will mainly be focused on the economy, growth will not be affected.
Deputy Prime Minister Vuong Dinh Hue has highlighted remarkable results of Vietnam's economic development in 2018 and made positive forecasts for the national economic growth in 2019 in an interview recently granted to the Vietnam News Agency.
The Vietnam News Agency (VNA) looks back at the ten most prominent events of Vietnam in 2018.
The year 2018 ends with several records, which are the highlights in the national economic panorama.
Vietnam News Agency has selected 10 outstanding economic events of Vietnam in 2018 as follow:
Party General Secretary and President Nguyen Phu Trong extended Tet (Lunar New Year) greetings to leaders of the Party, State, Vietnam Fatherland Committee as well as the whole Vietnamese people in and outside the country at a get-together in Hanoi on February 1.
Economists have given bright outlook to Vietnamese economy, with the State Bank of Vietnam (SBV)’s credit growth target of 14 percent achievable.
The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on January 31.
Prime Minister Nguyen Xuan Phuc has asked ministries, sectors and localities to continue consolidating macro-economic stability and promoting growth, calling this the most important task for 2019.
Thailand’s export growth is forecast to reach 5-7 percent in 2019, said the Thai National Shippers’ Council (TNSC).
Prime Minister Nguyen Xuan Phuc left Davos, Switzerland, on January 25 afternoon (local time), wrapping up his four-day visit to attend the annual conference of the World Economic Forum (WEF) 2019.
Vietnam has experienced a year of socio-economic achievements. For example, economic growth continues at a high level; the macroeconomic environment remains stable; inflation is under control; the trade surplus is at record levels; and the State budget deficit is stable.
Deputy Prime Minister Vuong Dinh Hue required ministries, sectors and localities to control the consumer price index (CPI) between 3.3-3.9 percent in 2019 while chairing a conference of the National Steering Committee on Price Management in Hanoi on January 17.
Standard Chartered Bank has forecast that Vietnam will see a stable economic growth of 6.9 percent in 2019, buoyed by strong FDI-supported manufacturing industry.
Optimising all opportunities, even the smallest, to create development breakthroughs is one of the central tasks set for the Ministry of Planning and Investment in 2019, Minister Nguyen Chi Dung has said.
