Tag: bank
Exchange rate falls as SBV withdraws cash through foreign currency selling channel
VOV.VN - The daily exchange rate for the US dollar against the local currency (VND) has dropped after the State Bank of Vietnam (SBV) moved to withdraw cash through open market operation (OMO) and foreign currency selling channels for the seventh consecutive session.
Nearly 60% of digital consumers in Vietnam use fintech solutions
Vietnam is a top market in adopting new technologies, in which 58% of digital consumers have used online banking solutions, e-wallets, money transfer applications, and digital banking.
Central bank revises up interest rates by 1% from October 25
The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.
Central bank raises selling price of USD to VND24,870
The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by VND490 to VND24,870 per USD - the highest rise in many years.
VinFast gets US$135 million from ADB-mobilised green funding
VinFast, the first Vietnamese electric vehicle (EV) manufacturer, said on October 24 that it has received a US$135 million climate financing package from the Asian Development Bank (ADB) to manufacture Vietnam's first fully-electric public transport bus fleet and national EV charging network.
VinaCapital remains positive about banking sector’s long-term outlook
Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.
Vietnamese economy records strong growth of 13.7% in Q3
VOV.VN - Vietnam’s economy registered strong annual growth of 13.7% in Q3, mostly reflecting a low base effect, according to the October edition of the World Bank (WB)’s monthly Vietnam Macro Monitoring.
State Bank adjusts USD/VND exchange rate band to 5%
The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.
Food Bank Vietnam promotes technology application for food sharing
The non-profit Food Bank Vietnam on October 15 launched a programme called Food Share to promote food sharing and stop wastage.
Standard Chartered raises Vietnam’s 2022 GDP growth forecast to 7.5%
Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%.
