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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.
Thai players solidify position as top investor
08-03-2024 09:00
Thailand’s dynamic engagement in Vietnam, ranging from banking and finance to food and beverages, is strategically driven by shared cultural affinities, favourable demographics, and strong economic prospects.
SBV asked to keep interests low and financial access easier
07-03-2024 16:32
Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with leading and coordinating governmental ministries and agencies to keep interest rates low and financial access easier for businesses, according to Directive 18/CD-TTg signed on March 7.
USD rate pressures domestic landscape
06-03-2024 09:00
While exchange rates have undergone considerable volatility, witnessing a surge which positively influences import-export activities, the domestic scene faces renewed pressure, attributed to the VND-USD interest rate being at negative levels.
Vietnam’s healthy trading market potential highlighted
05-03-2024 11:22
While trade finance has been developing steadily in Vietnam, banks are taking an active part in exploring new instruments, while advocating for enhanced transparency and streamlined processes within small businesses.
US Fed's favored inflation gauge falls, but price pressures remain
01-03-2024 15:19
The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month.
Malaysian ringgit undervalued, hoped to trade higher
01-03-2024 10:37
An official of Malaysia’s central bank expected the country's ringgit to trade higher on the back on positive economic prospects.
IFC considers $150 million investment in OCB
01-03-2024 09:38
International Finance Corporation (IFC), a member of the World Bank Group, is considering investment of up to $150 million in Vietnam-based OCB.
Home Credit to sell Vietnam wing to SCB
29-02-2024 09:54
Home Credit Group announced on February 28 that it has signed a conditional framework agreement to sell its Home Credit Vietnam business to The Siam Commercial Bank Public Co., Ltd. (SCB), part of SCBX Public Co., Ltd. (SCBX).
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