Sacombank has won two awards, the ‘Vietnam Domestic Trade Finance Bank of the Year’ and ‘Vietnam Domestic Technology and Operations Bank of the Year,’ from The Asian Banking and Finance magazine.
A strategy for developing domestic trade between 2021 and 2030 has been signed off by Deputy Prime Minister Le Van Thanh, aiming to raise domestic trade’s proportion in the country’s GDP to 15-15.5 per cent in the next 10 years.
Domestic trade is expected to contribute 15-15.5 per cent of the national GDP by 2030 according to a strategy, approved by the Prime Minister this week.
Viet Nam lacks an overall strategy to promote the sustainable development of domestic trade in the context of deep international integration, heard a conference held in Ha Noi on Tuesday.
The revenue of Viet Nam’s retail sales market will reach over VND11 quadrillion (US$484.58 billion) by 2025 and nearly VND44 quadrillion ($1.938 trillion) by 2035.