Textile enterprises face difficulties in 2023

Textile enterprises face difficulties in 2023

The economic downturn and high inflation in many major export markets exerts difficulties on Vietnam’s textile exporters for 2023.
US removes Vietnam from monetary manipulation monitoring list

US removes Vietnam from monetary manipulation monitoring list

Vietnam has been removed from the US's monetary manipulation monitoring list, according to the State Bank of Vietnam (SBV).
Central banks brace after new Fed move

Central banks brace after new Fed move

Central banks across the globe have announced their recent rate hike in a bid to tame inflation, but market watchdogs predict that the tempo of rate rises is starting to slow down.
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.
State Bank of Vietnam alleviates market pressures

State Bank of Vietnam alleviates market pressures

The State Bank of Vietnam adjusted several operating interest rates last week, with the move deemed necessary in the context of a strong USD and increasing domestic pressure on interest rates and exchange rates.
Previous financial crises thus far averted via stable moves

Previous financial crises thus far averted via stable moves

The increase of the central exchange rates and adjustment of the exchange rate band of the State Bank of Vietnam are suitable with the trends of other currencies at a lighter level.
Non-traditional approaches to monetary polices

Non-traditional approaches to monetary polices

Exchange rates and interest rates are being handled in a satisfactory manner, according to Dr. Truong Van Phuoc, a member of the Prime Minister’s Economic Advisory Group and former acting chairman of the National Financial Supervisory Commission. He talked to VIR’s Hong Dung about the State Bank of Vietnam’s recent moves on interest rates and exchange rates.
Improving liquidity and resilience for local banks

Improving liquidity and resilience for local banks

Liquidity in the banking system is under significant pressure amid rising interest rates, which is forcing banks to effectively mobilise capital.
State Bank adjusts USD/VND exchange rate band to 5%

State Bank adjusts USD/VND exchange rate band to 5%

The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.
PM underlines banking system's role as arteries of economy

PM underlines banking system's role as arteries of economy

Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.
SBV aiming to harmonise monetary market players

SBV aiming to harmonise monetary market players

The State Bank of Vietnam is attempting to stabilise lending rates while also mobilising credit institutions to continue reducing operating costs and support both individuals and businesses.
Currency sell-off bolsters VND status

Currency sell-off bolsters VND status

Selling foreign currency reserves in nominal terms will help calm the forex market in the face of volatile market swings driven by sentiment, say analysts.
VIB pre-tax profit up 46 per cent in first nine months

VIB pre-tax profit up 46 per cent in first nine months

VIB has announced results for the first nine months of 2022 with outstanding business performance, strong balance sheet, and well-maintained risk management.
SBV shifts up interest rates to combat US Fed adjustments

SBV shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.
Credit growth cap remains indispensable for macroeconomic stability

Credit growth cap remains indispensable for macroeconomic stability

Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.
|< < 1 2 3 4 > >|