Tag: State Bank of Vietnam
Firms await new bank incentive policies
The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in the COVID-19 pandemic.
Banks continue to cut interest rates for pandemic-hit clients
The State Bank of Vietnam (SBV) will continue directing commercial banks to reduce interest rates for customers affected by the COVID-19 pandemic, said Deputy Governor Dao Minh Tu at the Government’s press conference on August 11.
Vietnam - US trade exceeds US$50 billion in first half
VOV.VN - Bilateral trade turnover between Vietnam and the United States in the first half of the year witnessed robust growth, climbing to over US$50 billion, according to the General Department of Vietnam Customs.
Overseas remittances to HCM City hit US$3.7 billion in seven months
VOV.VN - Despite enduring the adverse impacts of the COVID-19 pandemic, the total amount of remittances sent to Ho Chi Minh City during the seven months of the year surged by over 19% to US$3.7 billion compared to the same period from last year.
Switzerland's National Day, diplomatic ties with Vietnam celebrated in Hanoi
A ceremony was held in Hanoi on August 5 evening to celebrate Switzerland's 730th National Day (1291-2021) and the 50th founding anniversary of Vietnam-Switzerland diplomatic relations (1971-2021) with the attendance of Swiss Vice President and Minister of Foreign Affairs Ignazio Cassis.
Banks cut transaction fees to aid customers amid pandemic
The State Bank of Vietnam (SBV) has directed credit institutions to reduce some transaction fees from August 1 this year to support customers amid the outbreak of the latest COVID-19 pandemic.
Vietnam welcomes exchange rate policy agreement with US
VOV.VN - Vietnam welcomes the outcomes of the online talks on July 19 between Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong and US Secretary of the Treasury Janet L. Yellen, and the deal reached the same day between the SBV and the US Department of Treasury on exchange rate policy.
SBV continues exchange rate flexibility to ease US currency concerns
The State Bank of Vietnam (SBV) pledges to continue fostering exchange rate flexibility while maintaining macroeconomic and financial market stability, so as to ease concerns from the US Department of Treasury about the country’s currency practices.
Banks agree to cut lending rates to support hard-hit businesses
Most banks have agreed to cut the lending rate for enterprises hard hit by the COVID-19 pandemic from this month until the end of this year.
SBV demands interest rate reduction this month
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.
