VOV.VN - Local firms are facing an increasingly volatile business landscape following the recent decisions by commercial banks to raise deposit and lending rates.

VOV.VN - American economist Prof. Dr. Andreas Hauskrecht recently highlighted the State Bank of Vietnam (SBV)’s decision to contain inflation in the country.

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.

The Ministry of Industry and Trade (MoIT) will coordinate with the State Bank of Vietnam to remove difficulties for petroleum enterprises in accessing credit guarantee funds in a bid to prevent disruption in the domestic market.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underlined the need for proactive and flexible response to changes to control inflation and stabilise the macro-economy while talking about some issues mentioned by legislators on October 28.

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.

The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.

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.

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.

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.