Tag: banking
Banks requested to further cut lending rates to support business production
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.
Central bank to sell 16,800 taels of gold bullion to stabilize local market
VOV.VN - The State Bank of Vietnam (SBV) is scheduled to hold a gold bullion bidding session on April 23 in an effort to increase the supply of gold bullion and stabilize the domestic gold market that has made national headlines in recent times.
Central bank begins currency intervention to address market volatility
VOV.VN - The State Bank of Vietnam (SBV) has begun selling US dollars to intervene in the currency market for banks that have a negative foreign currency balance and those that want to buy, said Pham Chi Quang, an official of the central bank, at a press briefing held on April 19.
HCM City receives nearly US$2.9 billion in overseas remittances
VOV.VN - Overseas remittances to Ho Chi Minh City, the country’s largest economic and financial hub, rose more than 35% in the first quarter of this year to nearly US$2.87 billion, according to the State Bank of Vietnam Ho Chi Minh City branch.
Vietnam holds gold bullion bidding session today
VOV.VN - The State Bank of Vietnam (SBV) is scheduled to hold a gold bullion bidding session on April 17 in an effort to increase the supply of gold bullion and stabilize the domestic gold market that has made national headlines in recent times.
Truong My Lan sentenced to death in major bank fraud case
Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, was sentenced to death at the first-instance trial in Ho Chi Minh City on April 11.
Vietnam attends ASEAN’s policy dialogue on finance, banking
A Vietnamese delegation led by Deputy Governor of the State Bank of Vietnam (SBV) Pham Quang Dung attended a policy dialogue between central bank governors of ASEAN countries and financial institutions' Chief Executive Officers on April 4 in Luang Prabang, Laos.
Vietnam’s macro-economic achievements praised at international workshop
Vietnam’s macro-economic achievements were applauded at an international workshop co-organised by the International Monetary Fund (IMF) and the Bank of Laos on April 3 in Luang Prabang.
Central bank keeps exchange rate in check as currency market heats up
VOV.VN - A senior official of the State Bank of Vietnam said the bank has closely monitored and kept the VND/USD exchange rate in check amid a recent significant increase in the rate.
Bank credit increases again in March
After declining in the first two months of this year, credit of the banking industry in March increased by 0.26% compared to the end of 2023 to about VND13.6 quadrillion, the State Bank of Vietnam (SBV) reported.
