Credit, however, grew only 0.7% month-on-month in August.

Vietnam – South Korea relations are growing strongly in all spheres, which have brought mutual benefits and trust to all parties involved, stated a Vietnamese senior official.

Hanoi holds major advantages over other peers thanks to its strategic location and the position as a transportation hub with a concentration of airports, train stations, and major ports.

As of November 10, the disbursed amount of public funds in Hanoi stood at VND22.35 trillion (US$965.35 million), or 57.5% of the target set by the government.

M&A activities in the banking sector are set to heat up in 2021, when the Covid-19 pandemic is fully contained and the majority of Vietnamese banks have completed their restructuring processes.