Tags: sbv

State Bank of Vietnam cuts some interest rates

State Bank of Vietnam cuts some interest rates

The State Bank of Vietnam (SBV) on August 6 announced its decision on cutting some policy rates with immediate effect, the second time this year following the adjustment on March 16.

Religious freedom in Vietnam requires objective insight and verified information

Religious freedom in Vietnam requires objective insight and verified information

VOV.VN - The US Department of State has recently released the 2019 International Religious Freedom Report, which discussed Vietnam’s achievements and progress in ensuring and promoting religious values and various beliefs. However, the report contained plenty of biased, inaccurate, and unverified information regarding the current religious situation in the country.

Banking transactions, mobile payments grow sharply in Vietnam

Banking transactions, mobile payments grow sharply in Vietnam

Non-cash payments continue to boom in Vietnam this year as the country has seen a surge in banking transactions and mobile payments in the first four months of the year, according to an official from the State Bank of Vietnam (SBV).

More monetary easing measures forecast in 2020

More monetary easing measures forecast in 2020

The State Bank of Vietnam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5% this year in light of a weak economic outlook, experts forecast.

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.