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Reference exchange rate up 5 VND

Reference exchange rate up 5 VND

The State Bank of Vietnam set the daily reference exchange rate on January 11 at 22,835 VND/USD, up 5 VND from the previous day.

“Big four” banks to lower interest rates on January 10

"Big four" banks to lower interest rates on January 10

VOV.VN - Four major commercial banks have pledged to slash lending rates as of January 10 in a bid to further leverage access to loans for businesses operating in the prioritized sectors as stipulated by the State Bank of Vietnam.

Reference exchange rate up 8 VND

Reference exchange rate up 8 VND

The State Bank of Vietnam raised the daily reference exchange rate on January 9 to 22,835 VND/USD, up 8 VND from the previous day.

Banks expect higher credit growth limits

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.

Commercial banks race to expand foreign investments

Commercial banks race to expand foreign investments

Vietnamese commercial banks are racing to develop their networks by opening representative offices and subsidiaries in foreign nations, paving the way for them to expand their overseas operations, according to market watchers.

Banks aim to up capital ahead of new standards

Banks aim to up capital ahead of new standards

Prosperous business performance and positive bank share price trends in the stock market are expected to help some commercial banks meet their capital increase deadline as required by the State Bank of Vietnam (SBV).

Commercial banks to support WB projects

Commercial banks to support WB projects

Saigon -Hanoi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.

Agribank asked to become leading bank in region

Agribank asked to become leading bank in region

Prime Minister Nguyen Xuan Phuc on March 26 asked the Vietnam Bank for Agriculture and Rural Development (Agribank) to strive to become one of the leading commercial banks in the region.

Treasury puts US$10.5 billion in five banks

Treasury puts US$10.5 billion in five banks

The State Treasury deposited more than VND238.49 trillion (US$10.5 billion) in five commercial banks by the end of last year, up 3.3 times against January.

Banks pursue sustainable growth

Banks pursue sustainable growth

The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector.

Domestic commercial banks accelerate foreign talks

Domestic commercial banks accelerate foreign talks

Aiming to reach the target to complete the selection the strategic investors before listing shares on the stock exchange, domestic banks are accelerating negotiations with foreign investors as well as propose the authorities to increase the foreign ownership limit to lure in foreign investors.

Remittances to HCM City hit US$3.3 billion

Remittances to HCM City hit US$3.3 billion

VOV.VN - Foreign remittances to Ho Chi Minh City reached US$3.375 billion in nine months up to October, up 12.5% against August and 6% over the same period last year, according to the State Bank of Vietnam’s HCM City branch.

Experts: Trimmed interest rates might affect NIMs

Experts: Trimmed interest rates might affect NIMs

Commercial banks which have cut interest rates for short-term lending following the State Bank of Vietnam (SBV)’s cue might suffer a further decline in the net interest margin (NIM), experts said.