Tag: banking
Central bank asks credit institutions to reduce interest rates
The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.
Shinhan Bank, BC Card collaborate on acquiring business development
Shinhan Bank Vietnam Limited on June 29 signed a memorandum of understanding (MoU) with BC Card Company to establish a strategic collaboration in the development of acquiring business in Vietnam.
World Bank supports Vietnam's inclusive and sustainable recovery
VOV.VN - The World Bank Board of Directors approved a US$263.9¬-million International Development Association credit for Vietnam on June 19, aimed at bolstering the country’s efforts to achieve an inclusive, green, and digitally-driven economic recovery with reforms aimed at supporting households, businesses, and expansion of renewable energy.
Banking sector focuses on credit institution restructuring
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
Stock market positively responds to interest rate cuts
The stock market has reportedly shown positive response to recent interest rate cuts.
Interest rate cut contributes to supporting economic growth: economists
The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.
Interest rates cut expected to attract borrowers
The fourth cut in a row of regulatory interest rates by the State Bank of Vietnam (SBV) has provided an opportunity for commercial banks to reduce interest rates, thus attracting borrowers.
Deputy PM hosts leaders of RoK’s State-owned banks
Deputy Prime Minister Le Minh Khai hosted a reception in Hanoi on June 23 for President and CEO of the Industrial Bank of Korea (IBK) Kim Sung-tae and Chairman and CEO of the Korea Development Bank (KDB) Kang Seoghoon who are accompanying President of the Republic of Korea (RoK) Yoon Suk Yeol during his ongoing state visit to Vietnam.
HSBC announces Vietnam's first LEED rated bank branch
HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) has recently become the first bank in Vietnam to obtain the LEED Gold certification, demonstrating its commitment to Vietnam's net-zero transition.
Credit growth still low in first half of 2023: SBV
Credit growth since the start of 2023 remains low, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said, blaming that fact on both subjective and objective causes.
