28 C
Ho Chi Minh City
Tuesday, September 21, 2021

CATEGORY

Financial Markets

SBV to impose credit limits on banks failing to cut lending rates as committed

HCMC - The State Bank of Vietnam (SBV) will encourage or restrict credit growth at banks next year, depending on whether these banks have...

Banks commit to cutting lending rates for pandemic-hit firms

HCMC – Sixteen banks have pledged to reduce lending rates for enterprises affected by the Covid-19 pandemic this year with a total support value...

SBV asked to weigh piloting virtual currencies

HCMC – The prime minister has requested the State Bank of Vietnam (SBV) to study and pilot the use of virtual currencies from 2021...

Deposit rates edge up

HCMC – Deposit rates have bounced back given the fact that money flowing into banks tends to stagnate after the Tet holiday. Specifically, the Vietnam...

Seven local banks to issue domestic chip credit cards

HANOI – Seven local banks and the National Payment Corporation of Vietnam, or Napas, on January 25 jointly held a ceremony to launch domestic...

State budget revenue meets 98% of target

HCMC - The total State budget revenue was more than VND1,500 trillion this year, meeting 98% of the target, said Minister of Finance Dinh...

Magnetic ATM cards will not be issued from March next year

HCMC – From March 31, 2021, all new ATM cards must be chip-based ones and not magnetic cards, according to the State Bank of...

Central bank rejects U.S. designation of Vietnam as currency manipulator

HCMC – In response to the U.S. Treasury Department labelling Vietnam as a currency manipulator, the State Bank of Vietnam (SBV) asserted that Vietnam’s...

Deposit rates seen dropping further at year-end

HCMC – Many lenders have continued slashing the deposit rates applied for individual customers in the wake of the third policy rate cut announced...

Millions of unused bank cards may be eliminated

HCMC – Banks will have to withdraw, eliminate or invalidate bank accounts that have been unused, have expired or are lying inactive for a...

Latest news

- Advertisement -