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Financial Markets

Four state-owned banks cut deposit rates

Ngoc Nguyen -
HCMC – Vietnam’s big four state-owned commercial banks today, March 15, lowered their 12-month-term deposit interest rate by 20 basis points to 7.2%, just a day after the central bank decided to lower key interest rates. The four banks are the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), the Joint Stock Commercial […]
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Financial Markets

Vietnam’s central bank cuts interest rates

Chuong Pham -
HCMC - The State Bank of Vietnam (SBV) made two separate decisions today to lower interest rates by 0.5 to one percentage point, with...
podcast

Central bank inspect 11 banks

Kim Ngan -
HCMC - The State Bank of Vietnam, the country’s central bank, has taken punitive measures against several of 11 commercial banks that have been...
News

VND120 trillion credit package for social housing to be rolled out

Thanh Tam -
HCMC – The Government has assigned the State Bank of Vietnam (SBV) to implement a credit package of VND120,000 billion for developing homes for...
In the news

Foreign reserves rise again

Kim Ngan -
Vietnam’s foreign exchange reserves are being replenished. Signs foreseen The State Bank of Vietnam (SBV) has been buying foreign currency since January, acquiring an extra US$2.78...
podcast

PM asks SBV to lower loan interest rates

Kim Ngan -
 HCMC - Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make...
Financial Markets

Banks slash deposit rates

Dat Thanh -
HCMC - Ten commercial banks have cut their deposit rates by 0.3-0.8 percentage point following a meeting between the central bank and commercial banks...
In the news

Forex rate vs interest rate

Nhu Phu -
Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The...
Financial Markets

PM asks SBV to lower loan interest rates

The Ky -
HCMC – Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make...
Financial Markets

SBV sets new credit growth limits for banks

Dat Thanh -
HCMC – Eight commercial banks have received new credit growth quotas for this year, with seven of them entitled to lend less than last...
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