SBV asked to keep interests low and financial access easier
Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with leading and coordinating governmental ministries and agencies to keep interest rates low and financial access easier for businesses, according to Directive 18/CD-TTg signed on March 7.
Hanoi (VNS/VNA) - Prime Minister Pham Minh Chinh hastasked the State Bank of Vietnam (SBV) with leading and coordinatinggovernmental ministries and agencies to keep interest rates low andfinancial access easier for businesses, according to Directive 18/CD-TTgsigned on March 7.
He asked the central bank to conduct reviews on the results ofcredit issuance by financial institutes across the country, includingcommercial banks and credit institutions, to stabilise interest rates andstimulate credit growth in 2024, with an emphasis on the timely and sufficientprovision of credit to serve the economy and the safety of the financialsystem.
The PM stressed the importance of taking a proactive, flexible andtimely approach to monetary policies in 2024, in line with the main objectivesoutlined in Resolution 01/NQ-CP dated January 5, which prioritises promotingeconomic growth, resolving difficulties for production and business, meetingforeign currency needs for production and business, and ensuring macroeconomicstability and inflation control.
The directive said top priorities in 2024 will continue to bereducing interest rates for loans, coupled with enhancing access to credit tosupport the development of production and business, as well as ensuringsufficient and healthy credit and foreign exchange.
In addition, it emphasises stronger inspection, control andsupervision of credit issuance by credit institutions. This is to ensure a flowof credit, including foreign currency credit, concentrated in priority andimportant areas and growth drivers of the economy and serving the needs ofbusiness.
The issuance of credit outside legal regulations, to inappropriatesubjects, and the granting of credit to executives, management boards, andtheir related individuals as well as shadow businesses at preferential interestrates, will be strictly dealt with.
The central bank has been told to keep interest rates low andincrease the application of IT technology, as well as promote socialresponsibility and business ethics among credit institutions./.
The average annual growth in the number of transactions via QR code has reached 471.13% since the payment method's introduction in 2018, 77.41% of the Vietnamese adult population possess payment accounts with commercial banks reporting over 90% of all transactions conducted through digital channels, with some banks achieving a rate of up to 98%, according to the State Bank of Vietnam (SBV).
Assessing Vietnam's monetary policy, HSBC experts expect the State Bank of Vietnam (SBV) will keep the policy interest rate unchanged at 4.5% throughout 2024.
The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Headquarters of SBV in Hanoi. (Photo: VNA) 
