What is banking, and what are its benefits in Vietnam?

Banking involves the industry and activities of offering financial services like receiving deposits, loaning money, and helping with financial transactions. Banks are vital to the economy by offering people and companies necessary financial services and products like checking and savings accounts, loans, and investment options. Vietnam’s banking sector benefits from factors such as economic growth, stability, and investment prospects, making it a favorable market for those in need of banking and financial services in a changing and growing economy.