Transactions are conducted at Techcombank. (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam is striving to keep interest rates at their 201☂5 level, stated Governor Nguyen Van Binh.
The current lending interest rates have fallen by between 0.3 percent and 0.5 percent from 2014.
In the last six months of 2015, credit grew 18 percent, fuelling pressure for increasing interest rates. Thus, it would be hard to reduce the rates in 2016, and the current level is sensible to ensure the government’s target of maintaining inflation rates below 5 percent.
According to the Bank for Investment and Development of Vietnam (BIDV), the economy has shown signs of recovery, growing 6.68 percent last year, the highest recorded in the past five years. These signs are likely to bode well for credit growth to retain at between 16 percent and 18 percent.
Le Minh Hai, Head of Da Nang-Mien Trung Investment JSC said his company has prepared for fluctuations in currency exchange and interest rates.
The firm has sourced all big loans from credit support programmes provided by the Government, investment funds and commercial banks; interest rate changes only affect its small loans, Hai noted.
He considered the current level suitable for his company’s capacity.
Nguyen Duc Anh, head of a tea export business in Hanoi, said enterprises see little negative impact with the current interest rates, but if they rise, it will be worrying, he added.
Cao Sy Kiem, President of Vietnam Small and Medium-Sized Enterprises Association, highlighted that interest rates in Vietnam are higher in comparison with regional countries, and 2016 is still a tough year with various pressures.-VNA
Only about 30 percent of small and medium-sized enterprises (SMEs) have gained access to bank loans, while the rest have to borrow from other sources at high interest rates.
Consumer credit was expected to develop rapidly in Vietnam in the next five years, driven by rising demand from a recovering economy with a young population.
The State Bank of Vietnam (SBV) is to actively implement flexible monetary policies to help the country control inflation, maintain macro-economic stability and accelerate economic growth this year.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Transactions are conducted at Techcombank. (Photo: VNA)
