Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.

Under the draft circular, the SBV would provide refinancing loans worth a maximum of VND4 trillion (US$172.85 million) for credit institutions being the carrier’s lenders.

Vietnamese laws have not accepted cryptocurrency as a medium of exchange in the country.

Banking sector is set to post a strong growth of 21-28% year-on-year in pre-tax profit in 2021, subsequently leading to higher value of banks stocks.

A stable macro-economic environment is essential for Vietnam to ensure economic independence and boost its resilience against external shocks.

New regulations shows that the SBV will reduce one-way intervention in the foreign exchange market.

The State Bank of Vietnam aims to keep the inflation rate below 4% this year to ensure the stability of the monetary and foreign exchange markets.

The State Bank of Vietnam (SBV), the country’s central bank, could promote a reduction in financing costs and lower borrowing costs to help ease hardship for businesses.

Government agencies continue to tighten procedures of issuing new legal documents related to business conditions, administrative procedures and specialized inspection to create a favorable and transparent business environment.