Tag: banks
Major commercial banks agree to further reduce interest rates
Four State-owned commercial joint stock banks in Vietnam have reached a high consensus on the State Bank of Vietnam (SBV)'s policy on reducing interest rates in the coming time.
Vietnam’s currency stable despite global uncertainties
Though the global financial market has seen uncertainties this year, Vietnam's currency and foreign exchange markets have remained stable.
PM works with ministries, agencies on finance-banking activities
Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.
Overseas remittances to HCM City rise sharply
VOV.VN - Vietnamese overseas remittances to Ho Chi Minh City reached more than US$2.1 billion in the first quarter this year, up 19.41% year on year, amid economic difficulty, Tuoi Tre (Youth) newspaper reported.
Central bank works on debt repayment term restructuring circular
The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.
Standard Chartered, MISA to provide financing to small businesses
Standard Chartered Bank has announced the launch of a strategic partnership with information technology company MISA JSC to offer unsecured invoice financing to small and medium-sized enterprises at competitive interest rates and straight-through processes.
Vietnamese economy need monitoring after slowdown in Q1: WB
VOV.VN - The Vietnamese economy should be put under the microscope after its growth suddenly slowed in the first quarter of 2023, suggested the World Bank (WB) in its Vietnam Macro Monitoring edition for April.
Vietnamese banks draw foreign capital
No longer hot on the stock market, yet banking sector remains one of the priorities of foreign investors, with foreign ownership rate in many banks reaching the cap of 30% as regulated.
Vietnam’s banking system shows signs of money surplus
Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.
Vietnam to take advantage of demographics to drive economy
VOV.VN - Vietnam can take advantage of its population structure to promote economic development and attract foreign investment, according to foreign media outlets and experts.
