Tag: banking
State Bank adjusts USD/VND exchange rate band to 5%
The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.
Food Bank Vietnam promotes technology application for food sharing
The non-profit Food Bank Vietnam on October 15 launched a programme called Food Share to promote food sharing and stop wastage.
Standard Chartered raises Vietnam’s 2022 GDP growth forecast to 7.5%
Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%.
PM meets leaders of commercial banks on Vietnam Entrepreneurs’ Day
VOV.VN - Prime Minister Pham Minh Chinh on October 16 met with presidents and general directors of commercial banks on the occasion of Vietnam Entrepreneurs' Day.
Forecasts on Vietnam’s economic growth grounded: Sputnik
Financial institutions and the world’s top credit rating agencies’ forecasts on Vietnam’s economic growth are completely founded, said Russia’s Sputnik radio.
Government lauded for economic management
Ted Osius, former US Ambassador to Vietnam and President of the US-ASEAN Business Council, has commended the Vietnamese Government for its good economic management, making it one of the leading economies in Southeast Asia.
Deposits at all banks always guaranteed: Central bank governor
Deposits at all banks, including the Saigon Commercial Bank (SCB), are guaranteed by the State in all cases, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong affirmed on October 10 when talking to the media regarding recent issues related to the SCB.
Leading Swiss media outlet highlights Vietnam as Asia's new tiger
VOV.VN - Renowned Swiss French-language newspaper Agefi, a publication based in Geneva, recently released an article titled “Le Vietnam et les nouveaux tigres asiatiques”, “Vietnam and the new Asian tigers” in English, by author Guy Mettan, which outlines Vietnam’s role as one of the leading emerging economies and its important role in Asia.
Higher funding costs to have limited impact on Vietnamese banks
The Vietnamese central bank’s move to lift short-term deposit rate caps is likely to raise the average cost of funds – both deposit and interbank rates – for Vietnamese commercial banks.
UOB upgrades 2022 growth forecast for Vietnam to 8.2%
Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.
