Tag: banks
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.
VPBank collaborates with Amazon Web Services to lift digital banking experience
The Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has officially signed a strategic collaboration agreement with Amazon Web Services (AWS) in enhancing digital banking experiences for its customers.
Vietnam considers WB top development partner: Deputy PM
Vietnam considers the World Bank a top development partner, Deputy Prime Minister Tran Luu Quang said in his reception for Country Director for WB Vietnam Carolyn Turk in Hanoi on April 4.
ADB anticipates economic growth of 6.5% for Vietnam this year
VOV.VN - Vietnam’s economic growth is forecast to decrease slightly at 6.5% this year before rising to 6.8% next year, according to the “Asian Development Outlook” report released by the Asian Development Bank (ADB) at a press conference in Hanoi on April 4.
PM okays plan to build 1 million apartments for low income earners
VOV.VN - The Prime Minister has approved a plan to build more than a million apartments for low income earners in urban areas and workers in industrial parks nationwide for 2021-2030.
ADB doubles credit limit for SeABank to US$60 million
The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank (ADB) has doubled the trade finance limit to US$60 million, and increased the US$5 million limit of the revolving loan for the bank to US$10 million.
Some key interest rates fall further early next week
The State Bank of Vietnam, the central bank, announced five separate decisions on March 31, to further lower some key interest rates, with effect from April 3. This is the second round of rate cuts in March.
Vietnam attends meetings of ASEAN finance ministers, central bank governors in Indonesia
VOV.VN - A delegation of the State Bank of Vietnam (SBV), led by its Deputy Governor Pham Tien Dung, attended the ASEAN Central Bank Governors’ Meeting, the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting, and related events in Bali, Indonesia, from March 28 - 31.
