The State Bank of Vietnam (SBV) on August 6 announced its decision on cutting some policy rates with immediate effect, the second time this year following the adjustment on March 16.
Prime Minister Nguyen Xuan Phuc has signed a decision on a piloting scheme which requires domestic workers to make deposits before departing to work in the Republic of Korea.
VOV.VN - Foreign investors will be able to put down deposits and collateral in foreign currency when participating in auctions to purchase shares in State-owned enterprises next week, according to a circular issued recently by the State Bank of Vietnam.
Many banks are trying to encourage customers to make deposits by giving out lucky money after Tet.
The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.
After two weeks of lowering lending interest rates for short-term VND loans following the State Bank of Vietnam (SBV)’s cue, several commercial banks have reduced their deposit interest rates.
Around 887.8 million shares of Techcombank were deposited at the Vietnam Securities Depository (VSD) on December 13, the first step to trading shares on the Unlisted Public Company (UpCom) market.
The Sai Gon Securities Inc (SSI) on August 5 issued nearly US$8.9 million worth of two-year non-convertible bonds with an annual yield rate of 7% for the first 12 months.
The interest rate will continue to be stable over the remaining months of the year, according to the State Bank of Vietnam (SBV).
Pressure from ensuring liquidity, meeting rising credit demands and purchasing Government bonds has caused commercial banks to hike their savings interest rates to attract depositors.
Deposit interest rates in the Vietnamese dong this year are expected to rise 1% against last year, according to a report from the National Financial Supervisory Commission (NFSC).
A recent hike in deposit interest rates offered by commercial banks will not likely lead to a raise in lending rates. Economists and policymakers expect them to decrease soon.
The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.
Vietnam’s banking restructuring scheme, launched by the central bank four years ago, has achieved almost all of its important objectives, a senior official of the State Bank of Vietnam (SBV) said at a recent press conference in Hanoi.
There is an upward trend in bank deposit interest rates, and analysts have urged the Government to act to keep the rates low, warning there could otherwise be adverse consequences.
The Deposit Insurance of Vietnam (DIV) and the Deposit Insurance Corporation of Japan (DICJ) recently signed a memorandum of understanding with a view to fostering dialogues and bilateral cooperation, the DIV said on June 17.
The Vietnam Joint Stock Commercial Bank for Industry and Trade, better known as VietinBank, on April 14 got the approval from its shareholders for a merger with Petrolimex Group Bank (PG Bank) in accordance with the overall plan of the State Bank of Vietnam (SBV) unveiled early this year.
The deposit growth rate is currently slower than that of credit growth; however, savings in banks are still considered a good choice due to low inflation.
Many banks in HCM City have cut deposit interest rates since the Lunar New Year.
(VOV) -Vietnamese guest workers are required to make a collateral deposit before leaving to work in the Republic of Korea (RoK).