ADB raises growth forecasts for Vietnam

The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.

Central bank increases credit growth limit for banks for second time this year

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.

PM orders strengthening 2024 credit management

Prime Minister Pham Minh Chinh on November 27 ordered the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.

Issuance of Basic Standard for technical specification of QR Code displayed from customer's side in Vietnam

On 15th November 2024, the Governor of the State Bank of Vietnam (SBV) signed for issuance Decision No. 2525/QD-NHNN on the Basic Standard for the technical specification of the QR Code displayed from the customer’s side in Vietnam (coded as TCCS 04:2024/NHNN).

World Bank report outlines path to high income for Viet Nam by 2045

The World Bank has published a report entitled “Viet Nam 2045: Trading Up in a Changing World – Pathways to a High-Income Future” on how the country can upgrade its participation in global value chains to achieve high income status by 2045.

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