lenders shore up business activities

Lenders shore up business activities

Central banks have taken up new relief plans to mitigate a sharp contraction sparked by the coronavirus outbreak across the globe, including cutting costs, slashing rates, and delaying dividend payouts.
banks to offer credit packages for customers affected by covid 19

Banks to offer credit packages for customers affected by COVID-19

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
reference exchange rate up 7 vnd on april 3

Reference exchange rate up 7 VND on April 3

The State Bank of Vietnam set the daily reference exchange rate at 23,239 VND per USD on April 3, up 7 VND from the day before the national holiday commemorating the Hung Kings on April 2.
banks are not allowed to pay cash dividends to alleviate covid 19 impact

Banks are not allowed to pay cash dividends to alleviate COVID-19 impact

The State Bank of Vietnam (SBV) has just taken additional measures, which requires commercial banks to proactively reduce and tighten operating costs to alleviate the growing concerns over the impact of COVID-19.
reference exchange rate revised down on april 1

Reference exchange rate revised down on April 1

The State Bank of Vietnam set the daily reference exchange rate at 23,232 VND per USD on April 1, down 3 VND from the previous day.
reference exchange rate up 5 vnd on march 31

Reference exchange rate up 5 VND on March 31

The State Bank of Vietnam set the daily reference exchange rate at 23,235 VND per USD on March 31, up 5 VND from the previous day.
reference exchange rate continues to go down at weeks beginning

Reference exchange rate continues to go down at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,230 VND per USD on March 30, down 5 VND from the last working day of previous week (March 27).
reference exchange rate down 10 vnd on march 25

Reference exchange rate down 10 VND on March 25

The State Bank of Vietnam set the daily reference exchange rate at 23,250 VND per USD on March 25, down 10 VND from the previous day.
reference exchange rate up 1 vnd on march 24

Reference exchange rate up 1 VND on March 24

The State Bank of Vietnam set the daily reference exchange rate at 23,260 VND per USD on March 24, up 1 VND from the previous day, the eighth consecutive upward adjustment.
banks support customers affected by covid 19

Banks support customers affected by COVID-19

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.
commercial banks cut down deposit rates

Commercial banks cut down deposit rates

Commercial banks continued to cut deposit rates on September 19 after the State bank revised down benchmark rates.
delay forecast for banks capital hike plans

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak, analysts predicted.
reference exchange rate continues going up

Reference exchange rate continues going up

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on March 19, up 10 VND from the previous day.
ecb brings 750b bazooka to coronavirus fightback

ECB brings €750b bazooka to coronavirus fightback

The European Central Bank on Wednesday (Mar 18) unexpectedly said it would spend €750 billion on "emergency" bond purchases, as it joined other central banks in stepping up efforts to contain the economic damage from the coronavirus.
banks cut savings rates to ensure lower interest loans

Banks cut savings rates to ensure lower-interest loans

A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the COVID-19 outbreak.