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.
16:36, 2020/12/26
Vietnam, Japan in favourable conditions to further investment, trade relations: Amb.
The Japanese Ambassador lauded the comprehensive and strategic partnership between Vietnam’s state-run Vietinbank and Japan-based MUFG Bank over the years, which has served as a bridge for two business communities to boost trade and investment cooperation.
11:52, 2020/12/24
Vietnam credit growth hits 10.14% as of December 21
The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
12:06, 2020/12/18
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.
17:10, 2020/12/17
Vietcombank becomes largest cap company in Vietnam stock market
This is the first time that the state-run bank claims the first spot in the stock market in terms of market capitalization.
10:29, 2020/12/17
Central bank responds to US Treasury labelling Vietnam as currency manipulator
Vietnam gives priority to a stable and sustainable trade-economic relation with the US, and will continue to work towards a harmonious and fair-trade relations under the bilateral action plan, stated the country’s central bank.
14:35, 2020/12/04
Why illegal forex trading is doomed to failure from the start?
Given a high-risk nature, losses are almost inevitable for investors in forex trading.
15:48, 2020/12/03
Central Bank warns of illegal forex trading
Investments in forex trading platforms, seen as illegal, would not be protected by law, said a senior official of the central bank.
15:22, 2020/11/24
Vietnam c.bank set for 5th policy rate cut to realize GDP growth target
As of November 17, the country’s credit growth was estimated at 7.26% against the end of 2019, resulting in VND8,790 trillion (US$377.7 billion) in outstanding loans.
16:40, 2020/11/17
Five priorities of Vietnam c.bank under new governor
The banking sector should be a pioneer in the digital transformation process, Prime Minister Nguyen Xuan Phuc has said.