The Vietnamese central bank’s move to lift short-term deposit rate caps is likely to raise the average cost of funds – both deposit and interbank rates – for Vietnamese commercial banks.

According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.

As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.

Besides interest and exchange rates, non-performing loans (NPLs) are also a concern for banking activities in the remaining months of 2022, experts have warned.

VOV.VN - The State Bank of Vietnam (SBV) has decided to raise operating interest rates by approximately 1% as of September 23 in an effort to keep inflation in check and maintain the macroecnomic stability.

The State Bank of Vietnam (SBV) will persist in monetary policy management solutions towards macroeconomic stability, but closely follow all developments to manage the situation in an appropriate manner, SBV Governor Nguyen Thi Hong said, given the Federal Reserve System (Fed)’s latest interest rate increase.

VOV.VN - Vietnamese chess master Le Quang Liem has earned a place in the quarterfinals of the Julius Baer Generation Cup after competing in a total of 15 matches during the qualifying round.

VOV.VN - After enduring defeat on the opening day of the Julius Baer Generation Cup 2022, the nation’s leading chess player Le Quang Liem returned to winning ways on the second day of the event.

VOV.VN - Vietnam’s inflation rate is projected to be at between 3.5% and 3.8% this year as there remains plenty of room for adjustments to be made to policies in order to accelerate the country’s economic recovery moving forward, according to economic advisers.

Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.