The ASEAN way against the pandemic is an inspiration for the world to foster global cooperation and build a better world, stated the IMF managing director.

Under Nguyen Van Binh's watch, many officials had violated law and been punished for criminal charges.

The interest rate cap for deposits with maturities of one month to less than six months has been lowered to 4% annually from 4.25%.

This resulted in more than VND46 trillion (US$2 billion) being pumped into the economy.

Kookmin Bank’s decision to raise its branches’ registered capital in just a short period of time indicates the bank is optimistic about business prospects in Vietnam.

Lower policy rates would enable commercial banks to cut interest rates in a more sustainable way, which in turn contribute significantly to economic recovery, said a central bank official.

During the two-month period, deposits from economic institutions in Vietnam’s banking system declined 4.84% against the end of 2019 to VND3,770 trillion (US$161.08 billion).

Vietnam central bank is ready to intervene in the foreign exchange market in case of necessity.

The State Bank of Vietnam is ready to sell foreign currency to ensure forex market stability if necessary.