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EXIM to finance $500 million in green exports from US to Vietnam
19-03-2024 15:33
Export-Import Bank of the United States (EXIM) and Vietnam Development Bank (VDB) have signed a $500 million MoU to facilitate the financing of US exports to Vietnam.
Bank credit registers slight fall in first two months
19-03-2024 10:35
Banks saw low credit growth in the first months of the year, a situation they are looking to resolves as balance sheets remain high.
Banks seek to bolster financial standing with capital hikes
19-03-2024 10:23
Many banks have announced plans for their upcoming annual shareholders' meetings (AGMs), with diverse issues such as dividend payments, capital hikes, and profit targets topping the agendas.
Can Tho lures Japanese investment with skilled workforce, infrastructure advantages
18-03-2024 16:39
Chairman of the People’s Committee of the Mekong Delta city of Can Tho Tran Viet Truong highlighted the potential benefits awaiting Japanese enterprises investing in the city during a working session on March 18 with a delegation of executives of Japanese banks led by Managing Executive Officer of Gunma Bank Uchibori Takeo.
Banking support to back up business development
18-03-2024 15:06
Vietnam’s central bank is taking swift action on interest rate movement to align with the government’s commitment towards supporting the business community.
PM urges further rate cuts, improved credit access to remove obstacles, promote growth
15-03-2024 11:47
Prime Minister Phạm Minh Chính chairs the meeting to implement monetary policy management tasks in 2024, which focuses on removing difficulties for production and business to promote growth and ensure macroeconomic stability.
PM urges enhancing credit access, absorption to fuel growth
15-03-2024 09:50
Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.
Stock market supported by diverse factors
14-03-2024 16:46
Tran Xuan Bach, director of Market Strategies at Bao Viet Securities JSC, shares his mixed sentiments about the stock market's prospects for the rest of the year.
ADB marks 30-year partnership with Vietnam
14-03-2024 14:56
The Asian Development Bank (ADB) is fully committed to supporting Vietnam's long-term development goals, ADB president Masatsugu Asakawa said on March 13 during his first official visit to Vietnam.
Syndicated lending proposed to reduce impacts of loan limit policy
13-03-2024 15:00
A new regulation on reducing the loan limit under the amended Law on Credit Institutions will adversely affect capital supply for enterprises so commercial banks should cooperate in providing syndicated loans for businesses, experts said.
GDP growth in first quarter to ease to 5.5 per cent: UOB
12-03-2024 17:12
UOB (United Overseas Bank) has maintained its growth forecast for Vietnam at 6 per cent for 2024 and expects GDP growth to ease to 5.5 per cent in the first quarter, due to the Lunar New Year holiday effect.
Exchange rate sparks debate on volatility
12-03-2024 08:00
The State Bank of Vietnam’s central exchange rate adjustment has reignited conversations about potential volatility in the currency market.
Global practices must be considered for gold market
12-03-2024 08:00
Vietnam’s potential for expansion is driven by demographic advantages and anticipated regulatory changes. Shaokai Fan, regional director for Asia-Pacific (excluding China), and head of Central Banks at the World Gold Council, talked to VIR’s Celine Luu about the bullish gold market trajectory.
Banks predict increased profits in 2024
11-03-2024 18:02
With the low-interest rate environment and resumed credit growth, banks are expecting a rosier profit picture this year compared to 2023.
Cashless payments surge by over 63 per cent
08-03-2024 15:16
Non-cash payment transactions increased by 63.3 per cent in volume and 41.45 per cent in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.
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