sbv adjusts credit growth targets for banks

SBV adjusts credit growth targets for banks

The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.
reference exchange rate down 18 vnd

Reference exchange rate down 18 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,263 VND/USD on September 9, down 18 VND from the previous day.
sbv raises selling price of usd to 23700 vnd

SBV raises selling price of USD to 23,700 VND

The State Bank of Vietnam (SBV) decided to sharply increase the selling price of the US dollar by 300 VND to 23,700 VND/USD on September 7.
insurers show off digital led products

Insurers show off digital-led products

To simplify the purchasing process, insurance companies are in a race to launch new digital products while cooperating with the banking industry and e-commerce platforms.
credit tweak opens door for economic rejuvenation

Credit tweak opens door for economic rejuvenation

Credit institutions with ample financial buffers, sound risk management, and participation in weak banks’ restructuring journey would gain an upper hand in terms of higher-than-average loan ceilings.
visa extends partnership with vietnamese universities to promote practical money skills

Visa extends partnership with Vietnamese universities to promote Practical Money Skills

Visa, the world’s leader in digital payments, is partnering with the Faculty of Finance and Banking of the University of Economics and Business, Vietnam National University (VNU-UEB) to promote financial management skills among Vietnamese students.
dollar weighs on yen and euro as us stocks extend slump

Dollar weighs on yen and euro as US stocks extend slump

The euro and yen sunk to new multi-year lows against the dollar on Tuesday as investors focused on central bank efforts to contain surging inflation and fears of an economic slowdown.
acb one pro provides optimal financial solution for medium and large enterprises

ACB ONE PRO provides optimal financial solution for medium and large enterprises

ACB has debuted the ACB ONE PRO digital banking version aimed at serving medium and large firms with various optimal functions based on studies into clients’ specific demands.
vietnam expected to remain an fdi darling over long term

Vietnam expected to remain an FDI darling over long term

Foreign direct investment (FDI) has been transforming Vietnam into a rising star in global supply chains, and the country is expected to maintain its attraction to FDI companies in the long term.
be group receives loan of up to 100 million from deutsche bank

Be Group receives loan of up to $100 million from Deutsche Bank

Be Group JSC, the owner and developer of the on-demand multi-service consumer platform Be, secured a loan facility of up to $100 million from Deutsche Bank.
banks to soon complete basel iii international standards

Banks to soon complete Basel III international standards

Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.
central bank forecast to expand credit growth to 16 per cent

Central bank forecast to expand credit growth to 16 per cent

The State Bank of Viet Nam (SBV) might have to extend credit growth for the whole year 2022 to 16 per cent and grant more credit quotas to commercial banks in the near future as the pressure to loosen the credit room is strong, analysts forecast.
clearer regulations a wise move for corporate bonds

Clearer regulations a wise move for corporate bonds

Over the last 12 months real estate stocks, which have about 22 per cent of the total VN-Index weighting, outperformed bank stocks, which have about a 30 per cent weighting.
charter capital boost offers new credit room

Charter capital boost offers new credit room

A handful of credit institutions are raising their charter capital in a bid to strengthen their financial buffer and competitiveness, while maintaining their capital adequacy ratio as required by regulators.
lenders juggle with tax info obligations

Lenders juggle with tax info obligations

Cybercriminals and the exposure of account information remain significant barriers for all stakeholders, with commercial banks now required to identify and collect holding information of customers to relevant authorities in a bid to fulfil tax obligations.