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.

Insurance shares continued driving the national market up, helping the VN Index approach the benchmark of 630 points on July 10. However, the index lost its growth during the last minutes as blue chips could not maintain their strong increases.

The market slumped on both bourses as the VN30 and HNX30 Indexes slid from their values in the previous session.

Party General Secretary Nguyen Phu Trong witnessed the signing of four cooperation agreements totaling 507 million USD between Vietnam and the World Bank (WB) aiming to support Vietnam’s agricultural development, green transport and poverty reduction in Washington D.C., on July 9.

Insurance shares took the lead on the market on July 7 to drive the VN-Index on the HCM Stock Exchange to reach the benchmark of 630 points.

Joining the Asian Infrastructure Investment Bank (AIIB) as a founding member, Vietnam will have certain rights, said Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh.

Minister of Finance Dinh Tien Dung, who will chair the upcoming investment promotion conference in the US on July 1, spoke with VIR about his expectations for a comprehensive and deeper partnership between Vietnam and the US in the finance sector.

According to the State Bank of Vietnam (SBV), Vietnam`s credit growth rate increased by 6.09 % as of June 15 compared to the end of 2014 and nearly 19% from the same period last year. Vietnam recorded the highest credit growth rate in the past three years.

According to the Import-Export Duty Department under the General Department of Vietnam Customs at the recent meeting held in HCM City, the Circular 126/2014/TT-BTC, focused on the e-payment of export-import duties, has helped saved time and resources of businesses and State managerial agencies.

Some mid-sized commercial joint stock banks recently raised interest rates on short-term dong deposits amid rising credit demands.

The national stock market stabilised on June 10 and is expected to grow as market liquidity stayed high and cash flow into the market remained strong.

PetroVietnam Gas Joint Stock Corporation (ticker GAS), engaged in the oil and gas refining and marketing industry, was ranked number one on Forbes top 50 Vietnamese companies list.

The Hanoi Stock Exchange (HNX) held 24 auctions of Government bonds gaining over 3.8 trillion VND in May.

The State Bank of Vietnam (SBV) will keep the fluctuation of the VND/USD exchange rate at a maximum of 2 percent in 2015, as set in its policy for the year, despite the fact that the rate has already been adjusted by 1 percent twice this year.

The Bank for Investment and Development Vietnam (BIDV) and the Mekong Housing Bank (MHB) signed the official merger agreement on May 25 in HCM Ctiy.

The banking system restructuring has resulted in positive changes, the most notable involving bad debts and interest rates.

Early on May 7, the State Bank of Vietnam adjusted to raise the inter-bank average exchange rate between the VND and USD by 1%, from 21,458VND to 21,673VND per one USD.

The Government, for the first time, has instructed relevant ministries to create a legal mechanism to allow for part of foreign currency reserves to be used to fund development projects.

A greater number of investors participated in the equity auctions held on the Hanoi Stock Exchange in April, the northern bourse reported.

The State Bank of Vietnam (SBV) will put loss-making Ocean Bank under special surveillance in accordance with the law due to its weak performance and numerous violations of the law.

The State Securities Commission (SSC) and the German Federal Enterprises for International Cooperation, better known as GIZ, will collaborate to develop a green capital market.