Tag: State Bank of Vietnam
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.
.jpg)
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.
UOB lowers Vietnam’s GDP growth forecast
VOV.VN - The United Overseas Bank (UOB) has moved to lower its 2023 economic growth forecast for the nation from 6.6% to 6% due to a low base in the first quarter (Q1) of this year.
Further interest rate cut may be soon: central bank deputy governor
The central bank likely will further cut interest rates in a near future, according to deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
.jpg)
