Tag: rates
State Bank adjusts USD/VND exchange rate band to 5%
The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.
FTA enforcement between Vietnam and EEAU under review
VOV.VN - Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission on October 13,co-chaired the fourth session of the Joint Committee on the enforcement of the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU).
Dengue infection rate rises almost five times in Vietnam over a year
VOV.VN - Vietnam has recorded as many as 247,202 dengue infections so far this year, or 4.7 times higher than the same period last year, according to the Ministry of Health.
Vietnam strives to contribute to common values of human rights
VOV.VN - Along with nine ASEAN member states, many Asian, African, and Latin American nations voted for Vietnam to join the UN Human Rights Council (UNHRC), with Vietnamese people enjoying many freedoms and human rights for several years.
Leading Swiss media outlet highlights Vietnam as Asia's new tiger
VOV.VN - Renowned Swiss French-language newspaper Agefi, a publication based in Geneva, recently released an article titled “Le Vietnam et les nouveaux tigres asiatiques”, “Vietnam and the new Asian tigers” in English, by author Guy Mettan, which outlines Vietnam’s role as one of the leading emerging economies and its important role in Asia.
Higher funding costs to have limited impact on Vietnamese banks
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.
Unemployment rate falls, workers' incomes increase
According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.
Investors cautious about disbursing investments amid higher rates: experts
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.
Bad debts remain a challenge for banks in Q4 2022
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.
Central bank of Vietnam raises interest rates to rein in inflation
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.
