VOV.VN - Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to direct banks to further lower lending rates to increase the economy’s access to capital.
Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates.
VOV.VN - Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to apply a flexible monetary policy, especially in credit and interest rate management, in order to support business operations and the national economy as a whole.
VOV.VN - The Office of the President on February 19 announced the President’s decision to promulgate the amended Land Law and the amended Law on Credit Institutions which was passed by the National Assembly at its recent extraordinary session.
Credit growth will be the main focus for the banking industry in 2024, as it is closely related to economic growth, according to analysts.
Commercial banks in Vietnam have invested a total of VND15 trillion (US$629.7 million) in digital transformation, heard an online seminar on ensuring security and safety for e-payments in the digital era held on August 21.
Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum.
VOV.VN - Data is playing a key role in the operation of commercial banks, offering a huge resource to help the banks make timely and sound decisions.
VOV.VN - The Saigon-Hanoi Commercial Joint Stock Bank (SHB) has been named winner of the Best Sustainable Finance 2023 awards from Global Finance magazine.
The fourth cut in a row of regulatory interest rates by the State Bank of Vietnam (SBV) has provided an opportunity for commercial banks to reduce interest rates, thus attracting borrowers.