Outstanding loans in Vietnam exceeded 8.79 quadrillion VND (378.74 billion USD) as of November 17, an increase of 7.26 percent from the end of 2019, according to the State Bank of Vietnam (SBV).
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu highly valued several banks’ interest rate cuts by an additional 2 percent annually to support businesses affected by the COVID-19 pandemic.
Prime Minister Nguyen Xuan Phuc has approved a national financial inclusion strategy until 2025 with a vision to 2030, targeting at least 80 percent of adults in the country to have bank accounts by 2025.
Business
