Bich Lam News Today

Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates, reported Vietnam News Agency.

Vietnams economic strength is reflected in controlled macroeconomic indicators and the country has increasingly affirmed and strengthened its important role in the supply chain diversification strategy of multinational corporations. 2024 will be the year for foreign investors to seize opportunities and implement high-tech foreign direct investment (FDI) projects in Vietnam.

The demand-pull and cost-push inflation will put pressure on the countrys efforts to control inflation amid surging demand and strengthening of the US dollar which yields increased import prices.

Despite positive forecasts from international organisations on Vietnam’s economic recovery, there are still concerns related to inflation and growth that need solutions and directions from the government.

Contrary to all predictions, food prices have remained high despite the sharp fall of gasoline prices.

Despite bright prospects, Vietnams economy faces new challenges as the COVID-19 pandemic is yet to end and global political and economic shocks continue. Deputy minister...

The World Bank (WB) has recommended the Vietnamese Government consider taking measures to provide support, especially targeted direct support, for local disadvantaged households in dealing with a spike in goods and service prices.

Vietnam’s economy glimmers with bright prospects but faces new challenges, given the fact that the COVID-19 pandemic has yet to end and global political and economic shocks continue.

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Many commercial banks have set high profit targets, which makes it difficult to reduce lending interest rates.