Tags: deposit

State Bank of Vietnam cuts some interest rates

State Bank of Vietnam cuts some interest rates

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.

Circular leverages foreign investors in SOE equitization

Circular leverages foreign investors in SOE equitization

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.

Tax on income from bank savings proposed

Tax on income from bank savings proposed

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.

Banks cut short-term deposit interest rates

Banks cut short-term deposit interest rates

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.

Techcombank prepares for UpCom listing

Techcombank prepares for UpCom listing

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.

Deposit interest rates under pressure to increase

Deposit interest rates under pressure to increase

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.

Monetary market experiencing tough days

Monetary market experiencing tough days

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.

Banking restructuring scheme fruitful

Banking restructuring scheme fruitful

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.

Vietnam, Japan boost deposit insurance cooperation

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.

PG Bank merged with VietinBank

PG Bank merged with VietinBank

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.