Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.

VOV.VN - Fitch Ratings has affirmed that PetroVietnam Power Corporation (PV Power)’s long-term foreign-currency issuer default rating (IDR) of “BB” with a positive outlook.

VOV.VN - The Government on May 26 submitted a draft resolution on piloting a number of specific mechanisms for Ho Chi Minh City to the ongoing session of the National Assembly in the hope of creating breakthroughs in the development of the country’s largest financial and economic hub.

At SHB, women-led businesses are valued as a strategic segment, which comes with specialised solutions and policies in meeting their credit and service needs.

Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the south-eastern region to the State Bank of Vietnam (SBV).

Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.

VOV.VN - State President Vo Van Thuong has hailed the establishment of the digital and green economic partnership between the nation and Singapore which aims to bring the co-operative relationship to a new and sustainable stage.

It is critical to develop a proper legal framework for consumer credit to protect the legitimate rights of both borrowers and lenders, experts have said.

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.

International credit rating agency Moody’s has recently adjusted the credit rating outlook of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) from "stable" to "positive".