Public investment disbursement at more than 34%
Banking & Finance

Public investment disbursement at more than 34%

According to the Ministry of Finance, the disbursement of public investment this year reached nearly VND187 trillion ($8 billion) as of July 31, equal to 34.4 per cent of the annual plan and down slightly year-on-year. More than VND56 trillion ($2.4 billion) in public investment is still to be allocated, or over 10 per cent of the plan.
Banking & Finance

Digital banking develops well in first half

A representative from the Payment Department at the State Bank of Vietnam told a press conference to announce “Digital Transformation Day” that banking services on digital platforms continue to develop strongly, especially digital banking services. E-payment services have also been digitized and are growing rapidly. In the first half of this year, non-cash payments increased 77.2 per cent in quantity and 29.8 per cent in value.
Banking & Finance

Stock market an important capital channel

Through many ups and downs, Vietnam’s stock market has played an important role as a capital channel for the economy in the 22 years of its establishment. A key highlight has been the strong growth in market capitalization. According to forecasts, the stock market will be upgraded to emerging market status in 2024 and will attract $10 billion in investment.