When several banks announced the issuance of thousands of billion dong to mobilize medium and long-term capital at high interest rates, a rush for buying bonds followed, which turned into a frenzy towards the end of 2021. Full Article
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Concerns on current bad debt situation 13/01
The current bad debt ratio is a big concern for the State Bank of Vietnam, which continues to tighten credit flow into risk areas.
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Overseas remittances to Vietnam increase as Tet approaches 11/01
In the run-up to Tet (Lunar New Year), the biggest traditional festival of Vietnam, the inflow of remittances sent by overseas Vietnamese to the homeland has been on the rise, fueled further by local banks’ preferential programmes.
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Banks begin to hike deposit interest rates 10/01
In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bảo Việt Securities Company.
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Banking sector focuses credit on priority fields in 2022 06/01
The banking sector has implemented monetary policies and management solutions in 2021 to control inflation and stabilise the macro-economy. At the same time, it also provided credit support for people and businesses to gradually restore production.
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Inflation forecast to be under control in 2022 06/01
Though there will be pressure on inflation in 2022, experts forecast it will remain under control and the National Assembly's target of 4 percent target is still feasible.
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Foreign economists: Vietnam has many driving forces for 2022 growth 05/01
There are many driving forces for growth for Vietnam in 2022, and the growth target of 6.0 - 6.5 percent for 2022 is quite feasible, according to foreign economists.
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Authorities inject trillions of VNĐ to support economy 04/01
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Credit growth likely to hit 14 per cent in 2021: SBV Deputy Governor 30/12
Credit growth has reached 12.97 per cent so far and is likely to hit 14 per cent this year as credit expands very strongly towards the end of the year, the head of the State Bank of Việt Nam (SBV) revealed.
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Credit growth likely to hit 14 percent in 2021: SBV Deputy Governor 29/12
Credit growth has reached 12.97 percent so far and is likely to hit 14 percent this year, Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said in a press conference on the SBV's governance of monetary policies and banking operation on December 28.
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Banks boost sales of mortgaged real estate to recover bad debts 29/12
Many banks have recently offered to sell mortgaged assets, mainly real estate, worth billions of VND, to recover debts amid the recovery of the realty market.
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A tael of gold in Việt Nam worth $500 more than world prices 25/12
Gold prices in Việt Nam are much higher than international prices, driven by a supply-demand imbalance and price manipulation. A tael (37.5g) of gold in Việt Nam is about US$500 more than in the rest of the world.
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Banking profit: positive but unsustainable at present 23/12
The new year is coming with both optimism and uncertainty about the new variant Omicron and its impacts on the economy. The banking sector is among a few bright spots in Việt Nam’s economy this year with positive business results. However, the question is whether these results are sustainable amid...
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Vietnam foreign exchange reserves stable 22/12
Over the last few years, foreign exchange reserves in Vietnam have continually and steadily been increasing. This source has now become a stable buffer for the State Bank of Vietnam (SBV) to manage the exchange rate, especially during the last two crucial years under the ongoing Covid-19 pandemic.
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Reference exchange rate down 13 VND at week’s beginning 20/12
The State Bank of Vietnam set the daily reference exchange rate at 23,184 VND/USD on December 20, down 13 VND from the last working day of the previous week.
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