Firms urged to keep abreast of alterations by US Fed

Firms urged to keep abreast of alterations by US Fed

Foreign investment flows in Vietnam’s stock market have been impacted by the fourth consecutive interest rate hike by the US Federal Reserve to combat inflation. Businesses in Vietnam are also feeling the strain of expensive USD-denominated loans.
SBV moves in line with global money-tightening tendency

SBV moves in line with global money-tightening tendency

To stabilise the currency rate in the face of fluctuations in the international market, the State Bank of Vietnam (SBV) early last week raised the operating interest rate for the second time in a month.
Dampening bank profit picture in coming months

Dampening bank profit picture in coming months

Interest rates trending higher and vulnerabilities in the corporate bond and real estate markets are expected to dampen banks' profits in the coming time.
Temporary interest rate package requiring second look

Temporary interest rate package requiring second look

The reach of the 2 per cent lending rate support policy has been lower than expected after banks applied common credit standards to businesses that wanted to benefit from the scheme – leading to both sides asking for more assistance in improving the situation.
Bringing down inflation will take time, more rate hikes: Fed officials

Bringing down inflation will take time, more rate hikes: Fed officials

The United States will require further interest rate hikes in order to cool the world's largest economy and rein in high prices, Federal Reserve Governor Lisa Cook said Thursday.
SBV raises selling price of USD to 23,700 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.
Big banks hike deposit interest rates

Big banks hike deposit interest rates

Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game.
US Fed announces biggest interest rate hike since 1994

US Fed announces biggest interest rate hike since 1994

The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years on Wednesday, and said it is prepared to do so again next month in an all-out battle to drive down surging inflation.
Bank deposits surge in wake of interest rate hike

Bank deposits surge in wake of interest rate hike

Hanoi - Thanks to increases in savings interest rates, deposits at banks increased strongly in the first two months of this year after declining last year.
Leading sectors remain in doldrums

Leading sectors remain in doldrums

While the pandemic pushes businesses into woes and close to bankruptcy, the Ministry of Planning and Investment has proposed numerous measures on interest rate and tax support to help them survive.
Bank deposit rates start inching up

Bank deposit rates start inching up

Bank capital mobilisation activities are showing signs of slowing down while interest rates are starting to move up.
Banks urged to further support COVID-19 affected customers

Banks urged to further support COVID-19 affected customers

Governor of the State Bank of Viet nam Le Minh Hung has called on commercial banks to urgently simplify lending procedures to help COVID-19-affected firms easily access preferential interest rate loans.
US Fed lowers key interest rate a third time

US Fed lowers key interest rate a third time

The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday (Oct 30) but is likely to hold off before providing more stimulus as it gauges economic risks.
Euro touches two-year low as ECB signals stimulus and rate cut

Euro touches two-year low as ECB signals stimulus and rate cut

The euro slid to a two-year low on Thursday (Jul 25) after the ECB signalled it could undertake new stimulus measures and cut rates to boost flagging growth and inflation in Europe.
S&P 500 hits 3,000 for first time as Fed signals possible rate cut

S&P 500 hits 3,000 for first time as Fed signals possible rate cut

The S&P 500 surged past 3,000 points for the first time on Wednesday (Jul 10) in early trading following congressional testimony from Federal Reserve Chairman Jerome Powell that pointed to a possible interest rate cut.
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