This week, the State Bank of Vietnam (SBV) said it would crack down on the activity, noting that credit institutions will have to take full responsibility before the law for their actions.
The State Bank of Việt Nam (SBV) has withdrawn a significant amount of money out of the banking system with an aim to increase the interest rate of the Vietnamese đồng.
The distribution systems of foreign retailers have become an effective and sustainable export channel, and the Ministry of Industry and Trade (MoIT) will continue to support domestic firms to make the most of this channel, said Deputy Minister of Industry and Trade Đỗ Thắng Hải.
Developing support industries for automobiles remained a key priority to improve efficiency and cut down costs, said industry leaders and policymakers in an automobile conference held in Hà Nội recently.
Shares extended the downturn on both national stock exchanges but the recovery of large caps in the last trading minutes helped narrow the losses.
The Hà Nội People's Committee has issued a plan on developing five to nine centres for One Commune One Product (OCOP) design, introduction, promotion and sale in association with tourism across the city in 2023.