Banking sector to maintain role as veins for economic growth: Party chief
Monetary policy should be maneuvered in a flexible and active manner to ensure sustainable growth and stability of both monetary and foreign-exchange markets, said the Party chief Nguyen Phu Trong.
14:27, 2021/27/15
Central bank to tighten credit in “overheating” sectors: Governor
The central bank will continue to monitor actual economic situation and that of the pandemic to expand credit support appropriately.
14:41, 2021/41/13 expects credit growth to exceed 12%-target for 2021
Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.
11:18, 2021/18/27
Vietnam banks are confident in business outlook in 2021
As the government looks to push for public investment and the central bank keeps a low interest rate environment to aid economic growth, banks are expected to be the first beneficiaries from an economic rebound.
17:53, 2020/53/26
Prime Minister urges banks to further cut interest rates
The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.
17:16, 2020/16/24
Central bank’s policies conductive to FDI, economic resilience: HSBC
The central bank has taken both monetary and fiscal policies all together to ensure macro and social stability.
14:29, 2020/29/22
We-Fi adds $5 million to support Vietnam’s women-led SMEs
The grant will incentivize participating banks in Vietnam to restructure existing loans or extend new loans to at least 500 women-led small and medium-sized enterprises.
15:37, 2020/37/20
Vietnam banks required to issue chip cards from March 2021
As of the end of the third quarter, Vietnam has around 93.78 million bank cards in circulation, in which the majority are magnetic cards.
12:06, 2020/06/18
Vietnam has no intention to manipulate currency
A devaluation of the Vietnamese dong will disrupt and cause severe consequences to the local economy, said an expert.
16:21, 2020/21/17
Vietnam takes Vietnam-US bilateral trade agreements seriously: MOFA Spokesperson
Vietnam said it maintains dialogues and consultation with the US to handle problems for mutual interest.
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