Tag: State Bank of Vietnam
Charter capital of banks to increase sharply in 2023
Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.
Vietnam’s forex reserves forecast to recover by year-end
Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to US$95 billion by the end of the year as the State Bank of Vietnam rebuilds its stockpile.
Central bank issues policies to support businesses
The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.
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Reducing loan interest rates an important policy 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.
Thai banking giant raises charter capital in Vietnam
VOV.VN - The Ho Chi Minh City branch of Thai banking giant Kasikorn Bank (KBank) recently raised its charter capital from US$80 million to US$285 million in Vietnam, representing a 2.5 fold-rise according to the plan approved by the State Bank of Vietnam.
Overseas remittances to HCM City rise sharply
VOV.VN - Vietnamese overseas remittances to Ho Chi Minh City reached more than US$2.1 billion in the first quarter this year, up 19.41% year on year, amid economic difficulty, Tuoi Tre (Youth) newspaper reported.
Central bank works on debt repayment term restructuring circular
The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.
PM okays plan to build 1 million apartments for low income earners
VOV.VN - The Prime Minister has approved a plan to build more than a million apartments for low income earners in urban areas and workers in industrial parks nationwide for 2021-2030.
Some key interest rates fall further early next week
The State Bank of Vietnam, the central bank, announced five separate decisions on March 31, to further lower some key interest rates, with effect from April 3. This is the second round of rate cuts in March.
Government asked to issue revised decree on foreign ownership cap at Vietnamese banks
VOV.VN - The State Bank of Vietnam (SBV) has requested that the Government issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
