The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.

The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.

Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.

Vietnam`s local currency (LCY) bond market reached a size of US$51 billion at the end of March while remaining the smallest market in the region, stated ADB.

The effective monetary policies taken in the first half of this year have continuously contributed to fueling economic growth and create confidence among investors, experts said.

The market supply of foreign currency is sufficient and self-adjusted to demand, according to the Vietnamese central bank.

The Vietnamese stock market has not been immune from ongoing uncertainties in global markets caused by the strengthening of the US dollar and trade tensions between the US and its major trading partners.

Despite geopolitical uncertainty and market volatility of global markets, Vietnam`s stock market still sees net foreign investment inflows.

The State Bank of Vietnam (SBV) decided to lower the selling price of USD by 1%.

Banks continue maintaining positive business performances in the first half of 2018.

The State Bank of Vietnam (SBV) is prepared to stabilize the USD/VND exchange rate amid growing global uncertainties.

Vietnam`s economic minister has allayed concern over the possibility of another crisis coming amid global uncertainty.

Credit growth decelerated in the first half this year, while GDP expanded beyond expectations.

The Vietnamese mobile payment market has heated up recently with the presence of many big foreign players, causing the competition for local companies as well as banks.

As of May 31, 2018, Vietnam Asset Management Company (VAMC) recouped VND90.6 trillion (US$3.95 billion) worth of bad debts or 32% of the debt amount it had purchased, according to Nguyen Tien Dong, the company`s chairman.

If the Vietnamese dong (VND) depreciates less than 2% against the US dollar (USD), it will pose no threat to Vietnam`s foreign capital inflow, according to Ho Chi Minh City Securities Corporation (HSC).

The US dollar has appreciated significantly against the local currency in the past few days in the wake of the US Federal Reserve (Fed)’s interest rate hike last week, but local officials and experts are not too worried, believing these hikes won’t affect Vietnam’s economy in any major way.

Many Vietnamese banks subject to mergers and acquisition (M&A) are still in search of suitable strategic investors despite strong foreign appetite for local banking shares.

Foreign investment inflows in Vietnam’s banking industry are increasing significantly, however, merged or acquired banks said they will consider selling stakes to foreign investors just after finishing the painful restructuring to make the sales more attractive.

State budget revenues in May were reported at VND94.5 trillion (US$4.15 billion), taking the revenue in five months to VND549 trillion (US$24.1 billion), equivalent to 41.6% of the year`s estimate and up 13.6% year-on-year, according to the Ministry of Finance.

Thanh Cong Auto and An Phu Co. have become major shareholders of Hanoi Trade Corporation (Hapro), owning respective 15.31% and 17.7% stakes, announced the two firms.

The securities sector is expected to witness the largest streamlining process with the proposed elimination of many cumbersome regulations to promote the development of the stock market.

From August 15, 2017 to the end of March, bad debts worth VND100.5 trillion (US$4.42 billion) were resolved under a parliamentary resolution, bringing the bad debt ratio total to 2.18% of total outstanding loans, below the 3% target set by the National Assembly.