Tags: dao minh tu

Banks told not to hike interest rates

Banks told not to hike interest rates

Commercial banks operating in the country have been asked not to increase their interest rates, including deposit rates, while the central bank stands ready to provide liquidity support for banks affected by the fast spreading coronavirus.

Central bank aims to keep inflation below 4 percent again

Central bank aims to keep inflation below 4 percent again

The State Bank of Vietnam (SBV) aims to again curb the inflation below 4 percent and sustain the monetary market this year, SBV Governor Le Minh Hung told a teleconference of the banking sector in Hanoi on January 2.

Capital funneled into priority fields: central bank

Capital funneled into priority fields: central bank

Credit has been provided for production and business activities and the priority fields while loans for high-risk areas have been further tightened so far this year, the State Bank of Vietnam (SBV) reported.

Solutions to helping end loan-sharking: conference

Solutions to helping end loan-sharking: conference

Increasing the limits of unsecured loans given by banks will prevent people from approaching loan sharks, an online conference hosted by the State Bank of Vietnam (SBV) heard on December 26.

Measures sought to raise efficiency of competitiveness improvement

Measures sought to raise efficiency of competitiveness improvement

Deputy Prime Minister Vu Duc Dam chaired a meeting on December 12 in Hanoi to review five years of implementing Resolution 19 regarding the enhancement of the business environment and national competitiveness, as well as measures to boost its efficiency in 2019.

Vietnam needs more ADB funding for private sector

Vietnam needs more ADB funding for private sector

Vietnam is persuading international financial institutions, including the Asian Development Bank (ADB), to expand their funding for the local private sector and reduce government guarantees for those activities, since Vietnam is among the countries that will stop being funded by ADB in 2019 due to becoming a middle-income economy.

PM vows best environment for agriculture, rural development

PM vows best environment for agriculture, rural development

The government will continue paying close attention to agriculture and rural areas and create the best environment for their development, Prime Minister Nguyen Xuan Phuc said during a dialogue with farmers in the northern province of Hai Duong on April 9.

HCM City’s outstanding loans up

HCM City’s outstanding loans up

Total outstanding loans by commercial banks in HCM City in 2017 rose 18.5% from 2016 to more than VND1.74 quadrillion (US$76.73 billion), according to the State Bank of Vietnam’s HCM City branch.

Thirty million people access soft loans in 15 years

Thirty million people access soft loans in 15 years

Over 30 million poor households and other welfare beneficiaries have accessed soft loans from the Vietnam Bank for Social Policies (VBSP) as of the end of August 2017, according to the VBSP.

Vietnam attends ADB’s 2013 annual meeting

Vietnam attends ADB’s 2013 annual meeting

A Vietnamese delegation led by Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, is attending the 46th Annual Meeting of the Board of Governors of the Asia Bank for Development (ADB), which is underway in New Delhi, India from May 2-5.