Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
The State Bank of Vietnam (SBV) has been drastically implementing measures, particularly those to reduce loan interest rates, said its deputy governor Dao Minh Tu at a regular government press conference on May 5, calling it one of the important and practical policies to help businesses.
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".
Though the global financial market has seen uncertainties this year, Vietnam's currency and foreign exchange markets have remained stable.
VOV.VN - Vietnam and the Czech Republic boast high co-operation potential in the fields of science, technology, environment, and education, said Dr. Duong Van Minh, an environment expert and a lecturer at the University of Chemistry and Technology in Prague.
Vietnam needs to fully and comprehensively assess the impacts of the global minimum tax on the country, said Minister of Finance Ho Duc Phoc on April 18.
Nguyen Thanh Phuc, 28, living in District 3, Ho Chi Minh City, has been married for more than two years but still doesn't want to have a baby.
Manulife Vietnam settled claims worth nearly VND7 trillion (US$298.55 million) last year, a 36% increase from the previous year, the insurance company said in a press release.
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.