The Government Office on July 31 issued a notice on Prime Minister Pham Minh Chinh’s opinions at a recent conference reviewing the performance of the banking sector in the first half of this year, and setting forth tasks for the remaining months.
Hanoi (VNA) – The Government Office on July 31issued a notice on Prime Minister Pham Minh Chinh’s opinions at a recentconference reviewing the performance of the banking sector in the first half ofthis year, and setting forth tasks for the remaining months.
According to the document, the PM commended thebanking sector for its efforts and achievements over the past time, contributingto maintaining the macroeconomic stability, controlling inflation, promotinggrowth and ensuring major economic balances.
He asked the State Bank of Vietnam (SBV) to keep aclose watch on the situation both at home and abroad, and intensify its management,inspections and supervisions over the operation of the financial and monetarymarkets, banks and credit institutions.
Credit loans should be concentrated on growth driverslike investment, consumption and export, Chinh said, asking for the balanced,rational and effective management of interest rates and exchange rates, as wellas inflation and control.
The central bank was requested to continue reviewingand perfecting relevant institutions and mechanisms, including the draft Law onCredit Institutions (amended), while pushing for the disbursement of the 40trillion VND (1.68 billion USD) interest rate subsidy package, the 120 trillionVND housing credit package, and another worth 15 trillion VND in support ofwood and aquatic production.
The SBV needs to instruct credit institutions to cut unnecessaryprocedures, and step up IT application and digital transformation to enhancecredit access and facilitate production and production recovery of theirclients, he said.
Apart from reforming its inspections and supervisions,the SBV should work to promote the publicity and transparency of information toconsolidate confidence of people and businesses, the leader stressed, askingthe bank to continue with personnel training.
It was also urged to coordinate with theMinistry of Finance to further implement solutions to ensure the effective,healthy, safe and sustainable development of corporate bond and stock markets,and with the Ministry of Construction to roll out solutions in support of thereal estate market in line with legal regulations./.
Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).
Property-sector risks have made operating conditions more difficult for banks in Vietnam in the short term, but the liquidity crunch is easing and the banking system is likely to avert a sharp slowdown due to the concerted response of policymakers and banks, says Fitch Ratings.
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Illustrative image (Source: VNA) 
