The Japanese Ambassador lauded the comprehensive and strategic partnership between Vietnam’s state-run Vietinbank and Japan-based MUFG Bank over the years, which has served as a bridge for two business communities to boost trade and investment cooperation.

The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).

A devaluation of the Vietnamese dong will disrupt and cause severe consequences to the local economy, said an expert.

This is the first time that the state-run bank claims the first spot in the stock market in terms of market capitalization.

Vietnam gives priority to a stable and sustainable trade-economic relation with the US, and will continue to work towards a harmonious and fair-trade relations under the bilateral action plan, stated the country’s central bank.

Given a high-risk nature, losses are almost inevitable for investors in forex trading.

Investments in forex trading platforms, seen as illegal, would not be protected by law, said a senior official of the central bank.

As of November 17, the country’s credit growth was estimated at 7.26% against the end of 2019, resulting in VND8,790 trillion (US$377.7 billion) in outstanding loans.

The banking sector should be a pioneer in the digital transformation process, Prime Minister Nguyen Xuan Phuc has said.