Tag: banking
ADB supports financial access for women-owned businesses in Vietnam
The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) on June 12 signed a financing package of up to US$80 million to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.
UOB projects Vietnam’s Q2 GDP growth rate to hit 6%
Singapore-based United Overseas Bank (UOB) has projected the economic growth rate of Vietnam at 6% for the second quarter of this year and for the full year on increasing chip-making demand, the recovery of Chinese and regional economies, as well as ongoing supply chain shifts.
Singaporean newspaper: Vietnam’s economy poised for gradual recovery
Singapore’s maritimefairtrade.org recently published an article on the recovery of the Vietnamese economy, citing the latest World Bank Taking Stock bi-annual economic update with growth forecast to reach 5.5% in 2024 that will gradually rise to 6% by 2025.
Top 10 reputable commercial banks for 2024 unveiled
The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.
Central bank says no gold shortages, vows to stabilise gold market
VOV.VN - The State Bank of Vietnam (SBV) on June 7 refuted rumours about gold shortages in the market, affirming there is a sufficient supply of gold for legitimate demand in an effort to stabilise the domestic gold market.
Da Nang, WB to promote cooperation in digital database
The central city of Da Nang and the World Bank (WB) will be boosting cooperation in building digital database management as a crucial way towards full digitalisation and becoming a ‘smart’ city.
Central bank moves to sell SJC gold bars at ‘stable prices’
VOV.VN - The State Bank of Vietnam (SBV) on June 3 sold SJC branded gold bars to four State commercial banks and a gold and gemstones company at a stable price in an effort to narrow the disparity between domestic and global gold bar prices.
Four state-owned commercial banks to sell SJC gold as of June 3
VOV.VN - The State Bank of Vietnam (SBV) is expected to sell SJC gold through four state-owned joint stock commercial banks as opposed to through auctions from June 3 with the aim of ensuring market stabilisation.
WB’s contributions to Vietnam’s socio-economic development hailed
VOV.VN - Prime Minister Pham Minh Chinh has noted his appreciation for the World Bank (WB)’s contributions to Vietnam's socio-economic development since 1993, with total funding of up to US$24 billion, especially in poverty reduction.
Banks to offer more shares to foreign investors
Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.
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