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