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Vietnam central bank postpones gold bar auction
22-04-2024 15:27
The State Bank of Vietnam was to auction 16,800 taels of gold bars, branded by Saigon Jewelery Company (SJC), on the morning of April 22. However, an hour before the bid opening time, the central bank announced it was postponing the auction as there were not enough members to participate in the bidding and transfer deposits.
Gold market reforms paramount to stability
22-04-2024 10:18
Investigations of gold trading firms are to take place on possible market manipulation amid soaring domestic prices, at the same time as the central bank announced it would resume sales of gold bullion for the first time in over a decade.
Techcombank scoops two Stevie Awards
19-04-2024 18:35
Vietnam Technological and Commercial JSB (Techcombank) won in two categories at the 11th annual Asia-Pacific Stevie Awards, for Innovation in Brand Development and Most Innovative Marketing Team of the Year.
SBV outlines restructuring plans for troubled SCB
19-04-2024 18:27
During a press briefing on April 19, Dao Minh Tu, Geputy Governor of the State Bank of Vietnam (SBV), detailed the government’s strategy for aiding the beleaguered Saigon Commercial Bank (SCB).
Upbeat signs on the horizon right from Q1
19-04-2024 07:23
Following a challenging 2023, local businesses have returned upbeat results from the first quarter (Q1) of this year, heralding rosier prospects for the rest of 2024.
New USAID and Standard Chartered deal promotes clean energy in Vietnam
17-04-2024 08:00
The United States Mission to Vietnam announced the signing of an MoU between the United States Agency for International Development (USAID) and Standard Chartered Bank Vietnam on April 16.
Central bank to resume gold bar bidding after 11 years
16-04-2024 16:25
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
MB secures prestigious software and IT service awards
16-04-2024 09:39
Military Commercial Joint Stock Bank (MB) has just clinched three Sao Khue Awards 2024, extending its winning streak to six consecutive years. The bank's innovative digital products - the Stellar fashion payment bracelet, the MB JCB Be The Sky card, and the mSeller sales management software - were honoured at the event.
UOB Vietnam partners with Betrimex on sustainability
15-04-2024 15:41
On April 12, United Overseas Bank (Vietnam) Limited (UOB Vietnam) signed a green trade finance facility agreement with Ben Tre Import Export Joint-Stock Corporation (Betrimex) on sustainable coconut production.
Listing ambitions of Vietnamese banks backed by leaders
15-04-2024 15:23
Several of Vietnam’s banks are gearing up to list on the Ho Chi Minh Stock Exchange, indicating a notable growth trajectory and an opportunity for capital augmentation.
SBV to increase gold bar supply to stabilise domestic market
15-04-2024 08:00
The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.
Behind the numbers: Techcombank’s vision for growth
13-04-2024 11:00
Alex Macaire, CFO of tech-driven Techcombank, delves into the bank's inspiring performance in 2023 and how the bank could extend this impressive growth.
Upward trend anticipated in forex rate
13-04-2024 08:00
The forex market faces augmented pressures in the second quarter of this year, which might be contained partially through central bank intervention.
ADB forecasts 6 per cent growth for Vietnam
12-04-2024 17:17
According to the Asian Development Outlook released by the Asian Development Bank (ADB) on April 11, slowing global demand and high international interest rates hampered Vietnam’s growth last year, yet Vietnam's economy is expected to grow 6 per cent in 2024 and 6.2 per cent in 2025.
PM demands strengthened gold market management
12-04-2024 17:11
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
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