Việt Nam’s contribution to ASEAN’s total GDP has grown significantly over the years, increasing to 12 per cent at present from under 6 per cent in 2000.
In the first two months, export totaled $58 billion, up 17.6 per cent against the same period last year. Import was up 17.7 per cent to reach $54.4 billion.
The syndicated loan agreement is expected to enhance access to finance for small and medium-sized enterprises (SMEs), individual business and promote capital financing for quality housing for individual customers in Viet Nam, VIB said in a statement.
Viet Nam is Asia’s bright spot amid trade tensions, said the latest report on Viet Nam’s economy by the United Overseas Bank Limited (UOB), which forecast the country’s economy will expand 6.7 per cent in 2019.
Deputy chief inspector of the State Bank of Viet Nam Pham Huyen Anh on Tuesday granted business licence to the Singapore’s United Overseas Bank Limited (UOB).