Banks post huge profits despite low credit growth
April 10, 2024 | 15:26
Credit growth throughout the banking sector in the first quarter remained low at 0.26 per cent, but many banks still reported significant profits.
PM urges enhancing credit access, absorption to fuel growth
March 15, 2024 | 09:50
Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.
Exchange rate sparks debate on volatility
March 12, 2024 | 08:00
The State Bank of Vietnam’s central exchange rate adjustment has reignited conversations about potential volatility in the currency market.
PM instructs action for stock market upgrade
February 19, 2024 | 11:45
Prime Minister Pham Minh Chinh has instructed the Ministry of Finance, State Bank of Vietnam and the Ministry of Planning and Investment to address obstacles in relevant sectors for upgrading the stock market from frontier to emerging status.
Lenders to benefit from refinements
January 18, 2024 | 10:05
A new strategic regulatory reform by Vietnam’s central bank aims to balance risk management with robust credit expansion, particularly in sectors pivotal to the country’s economic growth.
A different approach for monetary policy adjustments
January 18, 2024 | 09:59
Data from the State Bank of Vietnam showed that after a 5.5 per cent increase in money supply in 2022, there was a 13 per cent increase last year. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Hong Dung about the current money supply and velocity.
Lending rate forecast to be cut by 1-1.5pp in 2024
December 20, 2023 | 16:01
There will be little room for further reduction in deposit interest rates in 2024 as they have dropped deeply to pre-COVID-19 levels, while the lending interest rate can still be lowered by 1-1.5 percentage points next year, Vietcombank Securities (VCBS) forecast.
State Bank of Vietnam to keep policy rates steady in 2024: UOB
December 08, 2023 | 11:00
With the pace of economic activities on the mend and inflation rates already easing below the target level, the State Bank of Vietnam (SBV) will maintain its refinancing rate at the current level of 4.5 per cent to support economic recovery, the United Overseas Bank (UOB) said in a report.
PM chairs conference seeking ways to ease capital difficulties
December 07, 2023 | 16:56
Prime Minister Pham Minh Chinh on December 7 chaired a conference to seek measures to remove difficulties in credit for production and business activities, aiming to promote growth and macro-economic stability.
Green vision rises in finance-banking
December 04, 2023 | 09:08
Experts are to shine a light on Vietnam’s efforts towards realising its committed green vision, particularly in the finance and banking sector.
Drastic measures needed to remove Vietnam from money laundering grey list: Deputy PM
October 20, 2023 | 08:00
Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.
Exchange rates set to put pressure on bank lending
October 17, 2023 | 08:00
Exchange rate pressures will hinder the declining trend of interest rates in the near future, though when compared to other economies, the devaluation of the VND remains under control.
Cashless society ambitions offered a helping hand
October 04, 2023 | 11:38
Vietnam is swiftly revolutionising its financial sector by phasing out outdated card technologies, embracing non-cash solutions, and enacting laws to enhance security.
SBV issues another 20 trillion VND worth of treasury bills
September 28, 2023 | 11:10
The State Bank of Vietnam (SBV) on September 27 continued to offer 28-day treasury bills worth 20 trillion VND (833 million USD) through an auction.
Green credit balance figures on positive trajectory
September 19, 2023 | 19:00
While green credit balances at commercial banks are growing, Vietnam’s legal framework on the issue has yet to be completed, making it difficult for implementation.
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