Tag: banking
Vietnamese abroad send home over US$17 billion in remittances in 2020
Vietnamese abroad sent home US$17.2 billion worth of remittances in 2020, making the country the third-largest remittance recipient in the East Asia and Pacific region, said the Migration and Development Brief released by the WB and the Global Knowledge Partnership on Migration and Development.
If Vietnam becomes complacent about achievements, it will be left behind: economists
Vietnam ranks 70th among 190 economies in this year's Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th.
Credit institutions asked to tighten loans in “overheating” sectors: SBV
The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction and consumption sectors, and Build-Operate-Transfer (BOT) projects.
SBV allows rescheduling of debt repayments for borrowers
The State Bank of Vietnam (SBV) has told financial institutions to reschedule debt repayments to help customers affected by the COVID-19 pandemic.
Businesses advised to diversify capital sources in new context
Participants at a May 7 workshop in Hanoi recommended that Vietnamese businesses diversify capital sources funding their activities in the new context instead of being over-reliant on the banking system.
Bright growth outlook for Vietnam in 2021: experts
Leading economic experts forecast an optimistic growth outlook for Vietnam in 2021 despite the COVID-19 pandemic.
Party chief commends banking sector for role in stabilising macroeconomy
Party General Secretary Nguyen Phu Trong lauded efforts and achievements made by the banking sector during the national cause of economic development as he delivered a speech at a ceremony marking the sector’s 70th founding anniversary (May 6).
Books on Vietnamese currency, banking system released
The State Bank of Vietnam (SBV) introduced two books on the history of the Vietnamese currency and of the central bank at a press conference on April 29, to mark the 70th anniversary of the country’s banking system (May 6, 1951-2021).
Vietnam’s average temperature increases 0.5-0.7 degrees Celsius annually: report
Vietnam’s mean annual temperature has increased by 0.5-0.7 degrees Celsius since 1960, with the rate of increase most rapid in the southern region and the Central Highlands, according to the Climate Risk Country Profile: Vietnam.
Central bank to keep proactive, flexible monetary policy
For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.
