Tags: sbv

Admin reform in Hanoi ongoing and improving: City leader

Admin reform in Hanoi ongoing and improving: City leader

Hanoi maintained second place among Vietnam’s 63 centrally-run cities and provinces in the Public Administration Reform (PAR) Index 2019, which the city’s leader attributed to firm moves made over recent years.

Fitch lowers VN banks’ rating outlooks due to coronavirus

Fitch lowers VN banks’ rating outlooks due to coronavirus

Fitch Ratings has recently revised the outlook on long-term issuer default ratings of two State-owned banks, and a wholly foreign-owned bank in Vietnam, to stable from positive, and the outlooks for two joint stock commercial banks to negative from stable.

Vietnam Macroeconomic Report-Quarter I 2020 unveiled

Vietnam Macroeconomic Report-Quarter I 2020 unveiled

VOV.VN - The Vietnam Institute for Economic and Policy Research (VEPR) joined with the Konrad Adenauer Stiftung to co-host a workshop in Hanoi which unveiled the Quarter I Independent Assessment of Vietnam’s Macroeconomic Performance, with several senior economic experts also participating in the event.

Keeping businesses running should be top priority moving forward

Keeping businesses running should be top priority moving forward

VOV.VN - Providing credit support packages to help key industrial enterprises maintain their operations amid the COVID-19 epidemic and overcome this challenging period should be considered the most pressing matter moving forward, according to the Ministry of Industry and Trade.

Banks serve as fulcrum for businesses amid epidemic

Banks serve as fulcrum for businesses amid epidemic

VOV.VN - Despite banks making moves to lower annual interest rates by up to 1.5% whilst simultaneously offering a range of support packages, many businesses have no need for loans in the current climate due to the consumption market facing plenty of difficulties.

Vietnam has sufficient resources to stabilise forex market: State Bank

Vietnam has sufficient resources to stabilise forex market: State Bank

The State Bank of Vietnam (SBV) has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market and the macro-economy.

Banks urged to cut interest rates for epidemic-hit firms

Banks urged to cut interest rates for epidemic-hit firms

The State Bank of Vietnam (SBV) has urged domestic and branches of foreign credit institutions to offer a cut in loan interest rates for businesses affected by the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) which is taking toll on the regional economies.

Two State-owned banks allowed to increase charter capital

Two State-owned banks allowed to increase charter capital

The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by 10 trillion VND (434.8 million USD) in the first quarter of this year, Deputy Prime Minister Vuong Dinh Hue said last month.

Banks assist firms affected by nCoV outbreak

Banks assist firms affected by nCoV outbreak

In response to the State Bank of Vietnam (SBV)’s appeal, a number of credit institutions have announced plans to support businesses affected by the novel coronavirus (nCoV) epidemic.