Tag: banking
Int’l organisations: public investment to propel Vietnam’s long-term growth
Amid the global economic recession, Vietnam’s industrial growth in 2023 may experience a slight decline, but agricultural output is expected to increase modestly, according to experts.
SBV Governor explains high lending rates, credit room management
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.
Central bank demands stronger promotion of cashless payment
The State Bank of Vietnam (SBV) has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme.
Banks asked to bring interest rates down
Measures must be taken to bring down bank interest rates, said the State Bank of Vietnam (SBV) at a meeting with CEOs from 26 commercial banks in the country on May 25.
Vietnamese port among most effective container seaports worldwide
VOV.VN - Cai Mep port of Vietnam was ranked 12th among the 348 most efficient container terminals/port clusters globally, according to the Container Port Performance Index 2022 report (CPPI 2022) which was recently published by the World Bank and S&P Global Market Intelligence.
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SHB completes 50% shares transfer to Krungsri Bank of Thailand
SHB on May 23 officially announced to successfully completed the transfer of the first 50% of charter capital at SHBank Finance Company Limited (SHB Finance) to its partner - Krungsri Bank of Thailand - a strategic member of MUFG Group (Japan).
Central bank continues to reduce policy interest rates
The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.
VietinBank, MUFG Bank celebrate 10 years of strategic alliance
VOV.VN - VietinBank and MUFG Bank, Ltd. (MUFG) have commemorated 10 years of strategic alliance that enabled both organizations to support the growth of Vietnam’s banking sector and foster deeper Vietnam-Japan business and knowledge exchanges.
Banking sector invests big in digital transformation
Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).
Public investment disbursement acceleration supports economic growth: WB
VOV.VN - The acceleration of public investment disbursement could support aggregate demand and economic growth over the short term, while investments made in human capital and green infrastructure will bolster long term economic development, according to the World Bank (WB).
