Tag: rates
Vietnam’s unemployment rate reported at 2.3%
Some 68.7% of 51.9 million people of working age are employed, not counting those in the informal sector, while the unemployment rate stays low at 2.3%, according to the Ministry of Labor, Invalids and Social Affairs.
Fitch Ratings affirms Vietnam at 'BB' with positive outlook
Credit ratings agency Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating at 'BB' with a positive outlook.
Hiking deposit interest rates helps ensure capital mobilisation for economy
Increasing deposit interest rates is in line with the general trend, ensuring liquidity safety and capital mobilisation for the economy, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha has said.
Bank rate hikes affect businesses in dire need of capital for production
VOV.VN - Despite banks moving to raise interest rates that has caused numerous difficulties for businesses, the move could be viewed as a necessary step toward maintaining the stability of the forex market and ensuring anti-inflation requirements.
Exchange rate falls as SBV withdraws cash through foreign currency selling channel
VOV.VN - The daily exchange rate for the US dollar against the local currency (VND) has dropped after the State Bank of Vietnam (SBV) moved to withdraw cash through open market operation (OMO) and foreign currency selling channels for the seventh consecutive session.
Capital Hanoi beats annual tourism target in October
VOV.VN - The number of tourists visiting the capital of Hanoi has reached over 15 million so far this year, far exceeding the set target of welcoming up to 10 million in 2022, according to the municipal Department of Tourism.
Central bank revises up interest rates by 1% from October 25
The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.
Central bank raises selling price of USD to VND24,870
The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by VND490 to VND24,870 per USD - the highest rise in many years.
Business face obstacles as forex market heats up
VOV.VN - The escalation of the US dollar reaching a record high of more than VND24,500 in recent times is anticipated to cause numerous challenges for Vietnamese firms due to the risk of exchange rate differences, according to insiders.
VinaCapital remains positive about banking sector’s long-term outlook
Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.
