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Banking & Finance
The State Bank of Vietnam set the daily reference exchange rate at 23,611 VND/USD on January 30, up 3 VND from the last working day of previous week (January 27).   Full Article
Reference exchange rate up 3 VND at week’s beginning  30/01
The State Bank of Vietnam set the daily reference exchange rate at 23,611 VND/USD on January 30, up 3 VND from the last working day of previous week (January 27).
Outstanding loan falls sharply in Q4  30/01
According to estimation, as of the end of 2022, outstanding loan balance of securities firms was VNĐ120 trillion (US$5 billion), a decline of VNĐ40 trillion over the previous quarter.
Việt Nam among world’s 10 biggest recipients of remittances  30/01
Despite the COVID-19 pandemic’s major impacts on the global economy over the last two years and growing inflation in many countries, remittance flows into Việt Nam remained relatively stable compared to previous years, the report noted.
State-owned banks under capital increase pressure  30/01
Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders
Cashless payments continue to grow in popularity  24/01
Cashless payment and transaction channels are increasingly popular, with commercial banks, e-wallets and fintech companies promoting the application of technology for online payments.
Insurance companies benefit from interest rate hike in 2023 [Sửa | Xóa]  16/01
Insurance companies will have the chance to earn higher profits in 2023 thanks to a continual interest rate hike trend.
Ministry calls for easing government control on fuel prices  11/01
MoIT also called for the fuel price cycle to be shortened from 10 days to 7 days, on Thursday every week (except for public holidays).
Banking industry difficulties forecast to continue in 2023: analysts  11/01
Under a report released recently, Viet Dragon Securities Company (VDSC)’s analysts said the interest income growth of the banking industry in 2023 will slow due to the impact of low credit growth and a decreasing net interest margin (NIM).
Remittances boost HCM City growth  09/01
Ho Chi Minh City received some 6.8 billion USD in remittances last year, only a slight decrease compared to 2021 and accounting for 48% of foreign currency deposits at its credit institutions.
Enterprises in HCM City receive credit disbursement, but rates remain high  09/01
The total outstanding loans in the southern city totalled VNĐ3.23 quadrillon in 2022, up by 14 per cent over 2021.
MoF aims to develop the insurance market  04/01
The Vietnamese insurance market currently has 79 insurance businesses.
Banks required to cut rates to support economic recovery  27/12
Nguyễn Thị Hồng, the Governor of the State Bank of Vietnam (SBV), has directed banks to continually reduce input costs with an aim to cut loan interest rates.
Remittances are forecast to increase by 4.4% in 2022  27/12
Việt Nam may be increase by 4.4 per cent in 2022 and 3.6-4.5 per cent the following year, according to organisations.
Improved forex market helps central bank buy greenback  27/12
At a press conference to implement works of the banking industry in 2023 held on Tuesday, deputy governor of the State Bank of Vietnam (SBV) Đào Minh Tú said the devaluation rate of the đồng was lower than that of many countries in the world.
Top Stories
State-owned banks under capital increase pressure
Shares make large gains on banking, securities stocks
Trading in tight range ahead of Tết holidays
Enterprises in HCM City receive credit disbursement, but rates remain high
Market opens the new year on a positive note
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