The State Bank of Vietnam (SBV) will cap credit growth at 14-15% this year to maintain macroeconomic stability and boost economic growth.

Vice State President Vo Thi Anh Xuan now serves as acting State President after the 15th National Assembly, at its third extraordinary session in Hanoi yesterday afternoon, discharged Nguyen Xuan Phuc from the post of State President of Vietnam.

The 13th Party Central Committee (PCC) today agreed to let State President Nguyen Xuan Phuc quit as member of the Politburo and of the PCC, the Vietnam News Agency reported.

Four vehicle inspection and registration centers in HCMC, which are among those being forced to shut down while under a police investigation, have been cleared to reopen yesterday, to meet the demand of auto owners ahead of the Lunar New Year holiday.

Prime Minister Pham Minh Chinh has told the Ministry of Transport to complete the construction of 3,000 kilometers of expressway by 2025.

Tough inspection and screening procedures have hindered the rollout of a financial aid package with an interest rate discount of two percentage points, the Ministry of Finance said.

Vietnamese passports have risen four places to 88th on the Henley Passport Index, which ranks the passport power based on the total number of visa-free or visa-on-arrival destinations available to holders worldwide.

HCMC – The Government is working toward stabilizing macroeconomic conditions, curbing inflation and spurring growth this year, with a focus on restructuring the securities and real estate markets.

Prime Minister Pham Minh Chinh arrived in Vientiane yesterday for his official visit to Laos at the invitation of his Lao counterpart Sonexay Siphandone.

Vietnam’s wood exporting firms will encounter challenges in shipping their products to the European Union (EU) market when the EU’s new regulations banning the import of agro-products linked to deforestation are approved in the coming time.