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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.

EVN produces one third of domestic electricity output

EVN produces one third of domestic electricity output

Electricity of Vietnam (EVN) has produced 7,185MW of power, accounting for 33.2 percent of Vietnam’s total power output in the 2016-20 period, according to the revised Power Development Master Plan (PDP) VII.

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.

Services sector to promote IT application

Services sector to promote IT application

The Prime Minister has launched an initiative to restructure the services sector using advanced technology and artificial intelligence to improve competitiveness.

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.

BIS membership marks new stride in State Bank’s integration process

BIS membership marks new stride in State Bank’s integration process

The State Bank of Vietnam (SBV) was recently invited to become a member of the Bank for International Settlements (BIS), showing the BIS’s recognition of Vietnam’s socio-economic achievements as well as the SBV’s attainments in steering the monetary policy and managing the banking system.

VND to average slightly weaker in 2020 ​

VND to average slightly weaker in 2020  ​

VOV.VN - The Vietnamese dong (VND) would average just slightly weaker by around 1 percent to VND23,475/USD in 2020 due mainly to an predicted decrease in foreign direct investment (FDI) inflows and higher imports.