The country's lenders are at the vanguard of an ambitious plan to digitise the economy, but significant challenges still lie ahead.

Vietnam's government initiates a comprehensive revamp of its salary framework. Public sector employees can expect substantial raises starting July 2024, as the government focuses on equitable income distribution.

The decision is meant to reduce red tape and simplify business operations for Vietnam's banks and credit institutions.

Government Lays Out Comprehensive Revival Strategy Amid Signs of Recovery Taking Hold

As economic storms rage worldwide, Vietnam's Deputy PM Le Minh Khai marshals forces to monitor price swings and deploy flexible strategies to rein in inflation within the 4-4.5% target for 2024.

As May ushers in shifts in deposit interest rates, Vietnamese banks jostle to offer competitive home loan rates.