After three years of implementation, digital banking has yielded promising results, contributing significantly to the establishment of a digital government, digital economy, and digital society.
Liquidity and interest rates in the banking system have eased in recent weeks, although loan growth remains relatively subdued and was at a decade-low in April 2023.
The conflict almost certainly will drive global oil prices up, disrupt the global supply chain and inflationary pressures. As a result, firms will likely be more hesitant to make investments, consumers cut back on spending and lower demand for credit.
With an overall brand value growth of 49 per cent, Viet Nam’s banking sector is one of the fastest growing in the world, according to Brand Finance’s latest report on the most valuable and strongest banking brands globally.
The World Bank (WB) and the State Bank of Viet Nam (SBV) on Tuesday signed a financing agreement for a grant worth US$2.2 million to implement a project aimed at strengthening the soundness and resilience of Viet Nam’s banking sector.