Tag: banks
Hanoi to ask for WB’s help with design of national railway station
The Hanoi Department of Transport has proposed the municipal People’s Committee ask for the World Bank (WB)’s assistance in the technical design of the general layout for the Ngoc Hoi national railway station complex.
Overnight interbank rate hits nine-month record high
Overnight interest rate in the interbank market has surged to more than 4%, the highest level in the past nine months, data from the State Bank of Vietnam showed.
SBV injects large amount of money to support capital for banks
The State Bank of Vietnam (SBV) on February 20 net injected more than VND5 trillion (nearly US$204 million) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Central bank takes credit growth as 2024 key task
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong on February 20 said propelling credit growth is the key task in 2024 to ensure ample capital for the economy.
Vietnam promulgates new Land Law, Credit Institutions Law
VOV.VN - The Office of the President on February 19 announced the President’s decision to promulgate the amended Land Law and the amended Law on Credit Institutions which was passed by the National Assembly at its recent extraordinary session.
Central bank pushes others to boost lending from start of New Year
The State Bank of Vietnam has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.
VN-Index breaks over 1,200 points for the first time in 5 months
The stock market inched higher on February 15 after a week closed due to Tet holiday, buoyed by gains in bank stocks.
Vietnam promotes rice brand to gain firm foothold in European market
VOV.VN - Vietnamese rice has recently secured a firm foothold in the European market by boosting its own brand, creating an important prerequisite for the rice industry to make new breakthroughs in 2024 and beyond.
Credit offers on the rise nearing Tet
High demand during the Tet shopping season has prompted commercial banks to introduce credit offers worth hundreds of billions VND for consumers, said industry experts and insiders.
Vietnam among top 10 recipients of overseas remittances in 2023
Despite a challenging global economic landscape, Vietnam continues to stand resilient as one of the top 10 recipients of overseas remittances worldwide, with an estimated US$14 billion last year, according to the World Bank’s Migration and Development Brief and the Global Knowledge Partnership on Migration and Development (KNOMAD).
