Automaker Thaco has scrapped plans to invest further in HAGL Agrico due to the latter’s delays in transferring lands following earlier deals.

The US’s Vector Fabrication Inc has been scouting locations in central Việt Nam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of US$60 million, according to the Head of the Đà Nẵng Hi-tech Park and Industrial Zones Authority (Đà Nẵng HPIZA), Phạm Trường Sơn.

The U.S. Trade Representative's office has determined that no tariff action is warranted against Vietnam after its central bank agreed to refrain from "competitive devaluation" of the dong.

Japan-based Sasakawa Peace Foundation (SPF) has committed to investing $5 million into Beacon Fund to support female entrepreneurs in Southeast Asia.

Việt Nam Prosperity Joint Stock Commercial Bank (VPB) achieved consolidated pre-tax profit of more than VNĐ9 trillion (US$391.9 million) in the first six months of this year, up 37.2 per cent over the same period in 2020.

Việt Nam has pledged not to manipulate its exchange rate in order to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese đồng, the State Bank of Vietnam has said in a joint statement with the US Treasury.

Vietnam has pledged not to deliberately weaken its dong currency, reaching an agreement with the U.S. Treasury to make its monetary and exchange rate policies more transparent.

With its effective retail business strategy, VIB’s retail outstanding balance experienced a positive growth at 14.2 per cent in the period, accounting for nearly 90 per cent of total outstanding balance amid the pandemic.

Banking sector insiders expect deposit interest rates to only see slight changes this year.

The State Bank of Việt Nam (SBV) has just officially approved credit room extension for some banks.