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Tag: banking

Vietnam considers WB top development partner: Deputy PM
Vietnam considers WB top development partner: Deputy PM

Vietnam considers the World Bank a top development partner, Deputy Prime Minister Tran Luu Quang said in his reception for Country Director for WB Vietnam Carolyn Turk in Hanoi on April 4.

Vietnam considers WB top development partner: Deputy PM

Vietnam considers WB top development partner: Deputy PM

ADB anticipates economic growth of 6.5% for Vietnam this year
ADB anticipates economic growth of 6.5% for Vietnam this year

VOV.VN - Vietnam’s economic growth is forecast to decrease slightly at 6.5% this year before rising to 6.8% next year, according to the “Asian Development Outlook” report released by the Asian Development Bank (ADB) at a press conference in Hanoi on April 4.

ADB anticipates economic growth of 6.5% for Vietnam this year

ADB anticipates economic growth of 6.5% for Vietnam this year

PM okays plan to build 1 million apartments for low income earners
PM okays plan to build 1 million apartments for low income earners

VOV.VN - The Prime Minister has approved a plan to build more than a million apartments for low income earners in urban areas and workers in industrial parks nationwide for 2021-2030.

PM okays plan to build 1 million apartments for low income earners

PM okays plan to build 1 million apartments for low income earners

ADB doubles credit limit for SeABank to US$60 million
ADB doubles credit limit for SeABank to US$60 million

The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank (ADB) has doubled the trade finance limit to US$60 million, and increased the US$5 million limit of the revolving loan for the bank to US$10 million.

ADB doubles credit limit for SeABank to US$60 million

ADB doubles credit limit for SeABank to US$60 million

Some key interest rates fall further early next week
Some key interest rates fall further early next week

The State Bank of Vietnam, the central bank, announced five separate decisions on March 31, to further lower some key interest rates, with effect from April 3. This is the second round of rate cuts in March.

Some key interest rates fall further early next week

Some key interest rates fall further early next week

Vietnam attends meetings of ASEAN finance ministers, central bank governors in Indonesia
Vietnam attends meetings of ASEAN finance ministers, central bank governors in Indonesia

VOV.VN - A delegation of the State Bank of Vietnam (SBV), led by its Deputy Governor Pham Tien Dung, attended the ASEAN Central Bank Governors’ Meeting, the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting, and related events in Bali, Indonesia, from March 28 - 31.

Vietnam attends meetings of ASEAN finance ministers, central bank governors in Indonesia

Vietnam attends meetings of ASEAN finance ministers, central bank governors in Indonesia

Government asked to issue revised decree on foreign ownership cap at Vietnamese banks
Government asked to issue revised decree on foreign ownership cap at Vietnamese banks

VOV.VN - The State Bank of Vietnam (SBV) has requested that the Government issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.

Government asked to issue revised decree on foreign ownership cap at Vietnamese banks

Government asked to issue revised decree on foreign ownership cap at Vietnamese banks

UOB lowers Vietnam’s GDP growth forecast
UOB lowers Vietnam’s GDP growth forecast

VOV.VN - The United Overseas Bank (UOB) has moved to lower its 2023 economic growth forecast for the nation from 6.6% to 6% due to a low base in the first quarter (Q1) of this year.

UOB lowers Vietnam’s GDP growth forecast

UOB lowers Vietnam’s GDP growth forecast

Further interest rate cut may be soon: central bank deputy governor
Further interest rate cut may be soon: central bank deputy governor

The central bank likely will further cut interest rates in a near future, according to deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Further interest rate cut may be soon: central bank deputy governor

Further interest rate cut may be soon: central bank deputy governor

Foreign ownership at some local banks may rise to 49%
Foreign ownership at some local banks may rise to 49%

The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%.

Foreign ownership at some local banks may rise to 49%

Foreign ownership at some local banks may rise to 49%

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Editor-in-chief: NGO THIEU PHONG
Deputy Editor-in-chief: Nguyen Tuyet Yen, Pham Cong Han, Dang Thi Khanh
Agency: THE VOICE OF VIETNAM

Chung nhan Tin Nhiem Mang
Giấy phép báo Điện tử VOV số 564/GP-BTTTT của Bộ Thông tin & Truyền thông cấp ngày 13/12/2016