The two-tier local government model, to become operational from July 1, will bring the government closer to the people and enable it to deliver better public services, Permanent Deputy Prime Minister Nguyen Hoa Binh told the press on the thresholds of this historic milestone.

In recent years, the strategy of raising foreign capital through the sale of financial companies has become an essential move for banks. This approach not only bolsters financial resources but also presents opportunities to enhance risk management capabilities and align with international standards.