Tag: banking
Banks requested to cut rates to support economic recovery
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has directed banks to continually reduce input costs with an aim to cut loan interest rates.
Vietnam optimises monetary policy for inflation control, macroeconomic stability
VOV.VN - This year has seen the State Bank of Vietnam (SBV) operate a flexible monetary policy aimed at controlling inflation, supporting further economic recovery, adapting to market fluctuations, and ensuring the safety of the banking system.
ADB finances US$107 million to develop wind power in Vietnam
The Asian Development Bank (ADB) has signed a US$107 million financing project with BIM Wind Power Joint Stock Company (BIM Wind) to assist the operation of an 88 MW wind farm in the south central province of Ninh Thuan.
Strong performance across spheres boosts Vietnam’s economy: ADB Country Director
Country Director of the Asian Development Bank (ADB) in Vietnam Andrew Jeffries has attributed Vietnam’s economic growth in 2022 to a strong performance across sectors.
Overseas remittances forecast to rise 4.4% this year
VOV.VN - Despite the current growth rate of overseas remittances to Vietnam being lower than last year, the total amount of remittances to the country is projected to grow by 4.4% this year before increasing by between 3.6% and 4.5% in 2023, according to international organizations.
Vietnam’s exports affected by many factors: WB
Two drivers of Vietnam's economic growth – exports and domestic demand – are moderating, according to a report released by the World Bank (WB) on December 14.
HCM City receives US$6.8 billion of remittances so far
The amount of remittances flowing to Ho Chi Minh City has continued to increase despite complicated geopolitical changes in the world, reaching about US$6.8 billion so far, according to Nguyen Duc Lenh, Vice Director of the Ho Chi Minh branch of the State Bank of Vietnam (SBV).
WB economist points to Vietnam’s growth drivers
Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.
ADB raises 2022 economic growth projection for Vietnam to 7.5%
VOV.VN - The Asian Development Bank (ADB) has raised its economic growth forecast for Vietnam this year to 7.5%, despite regional and global gloom, the bank said in a regular supplement to the Asian Development Outlook (ADO) 2022 released on December 14.
Loosening monetary policy welcomed amid credit crunch
The State Bank of Vietnam (SBV)’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year (Tet).
