The State Bank of Việt Nam (SBV) must take action to ensure 90 per cent of the Vietnamese population over the age of 15 have bank accounts by 2030.

Though the Government plans to increase its renewable energy capacity, Việt Nam’s power industry is forecast to see a rise in coal-powered generation as the cheap and reliable source remains the most feasible option to meet the country’s rapidly rising power demands.

North Korea said that it is determined to faithfully carry out its summit agreement reached with the United States in June to promote peace on the Korean Peninsula.

Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.

Representatives of international credit and finance organisations praised Việt Nam’s monetary policy and efforts to help the nation maintain macro-economic stability this year.

Small- and medium-sized enterprises play a vital role in national development, Vietnamese and German politicians said in Hà Nội yesterday, during a dialogue between the Communist Party of Việt Nam and the Social Democratic Party of Germany (SPD).

Some commercial banks have reported high profits in the first nine months of the year thanks to a restructuring effort which focuses on services instead of lending as previously done.

Việt Nam will speed up rationalising agriculture in concert with building new-style rural areas as part of policies for effective global economic integration, stated a Party resolution issued in Hà Nội last Saturday.

Avoiding wasted investments, speeding up administrative reforms and improving social conditions are needed for sustained development, National Assembly deputies said yesterday at a session devoted to socio-economic progress.

Việt Nam and the United States look forward to significant opportunities for economic co-operation, especially in trade and investment, Minister of Planning and Investment Nguyễn Chí Dũng said this week.