Promoting non-cash payment, digital banking, and green banking is the direction of the banking sector in the 2020-2025 tenure, State Bank Governor Le Minh Hung told a meeting in Hanoi on August 17.
Hanoi (VNA) – Promoting non-cash payment,digital banking, and green banking is the direction of the banking sector inthe 2020-2025 tenure, State Bank Governor Le Minh Hung told a meeting in Hanoi on August 17.
Besides restructuringcredit institutions, banks should increase investment in renewable energy,clean energy and less carbon consumption and production industries, hesuggested.
Particularly, tosupport businesses affected by the COVID-19 pandemic, the sector needs tosynchronise monetary, credit, interest rate, and payment tools and solutions tosoon recover the economy, the official suggested.
He noted that in the2015-2020 period, the banking sector has adjusted monetary policies to curbinflation at a low level, while stabilising the macro economy and monetarymarket.
🧔 The sector also hadthe policy against the dollarisation in the local economy by converting foreigncurrency and gold into cash in service of socio-economic development, headded./.
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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.
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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.
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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.
Illustrative image (Source: internet) 
