Tag: banking
Central bank forecast to continue bill issuance amid abundant liquidity
The State Bank of Vietnam (SBV) will continue to issue new bills to withdraw cash from the banking system as liquidity is abundant and interbank interest rates remain low, analysts forecast.
Nine-month overseas remittances to HCM City up 40% on-year
VOV.VN - Ho Chi Minh City made US$6.687 billion in overseas remittances during the first nine months of the year, an annual rise of 40% and 1.3% more than all of 2022, according to the local branch of the State Bank of Vietnam (SBV).
Vietnamese President receives leader of Asian Infrastructure Investment Bank
President of Vietnam Vo Van Thuong received President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun in Beijing on October 19, on the sidelines of the third Belt and Road Forum for International Cooperation in China.
Vietnam’s economic rebound challenged by rising headline inflation: WB
Although Vietnam’s economy showed signs of recovery in the third quarter of this year, particularly in industrial production and exports, a significant increase in headline inflation has emerged as a cause for concern, prompting scrutiny from policymakers.
SHB fosters collaborative partnership with Busan Bank
Saigon-Hanoi Commercial Joint Stock Bank (SHB) on October 17 signed a Memorandum of Understanding (MoU) with Busan Bank under BNK Financial Group of the Republic of Korea, officially establishing a comprehensive collaborative partnership between the two credit institutions, focusing on corporate, digital and investment banking.
Alleged scam of export to UAE: Payment for 4 out of 5 containers recovered
Regarding the alleged export scam involving five containers of farm produce, including black pepper, cashew nuts, cinnamon and star anise to the United Arab Emirates (UAE), the Vietnam Pepper Association (VPA) announced on October 13 that payment for four containers has been retrieved and the remaining work is underway.
Central bank continues T-bill issuance to stabilise exchange rate
The State Bank of Vietnam (SBV) on October 9 continued to offer 28-day treasury bills (T-bills) through the interest rate auction mechanism.
Vietnam attractive to foreign investors despite global uncertainties
Despite global uncertainties, Vietnam remains attractive to foreign investors, drawing US$20.21 billion by the end of September, up 7.7% year on year.
Credit growth to display positive signs ahead in remaining months
VOV.VN - Credit growth is anticipated to enjoy positive growth during the last months of the year, thereby helping to ease difficulties faced by businesses, whilst propelling economic development forward.
Big data essential to ensure continuous operations of banking industry
Data security is an important issue in ensuring continuous operations, and is considered a vital factor for banks. The Smart Banking Summit 2023 was organised by the Vietnam Banks Association (VNBA) in collaboration with IEC Group, under the professional sponsorship of the State Bank of Vietnam (SBV), in Hanoi on October 6.
