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Banks disburse VND9 trillion for fishing boat building program
Wednesday,  Aug 2,2017,22:47 (GMT+7)
HANOI – Commercial banks have disbursed VND9 trillion (US$400 million) to build 761 new offshore fishing boats and upgrade 40 deteriorating ones under a program launched three years ago by the Government.
Vietnam has first credit rating firm
Tuesday,  Aug 1,2017,21:47 (GMT+7)
HCMC – The Ministry of Finance has licensed Phatthinh Ratings Corporation, a member of Phat Thinh Group, making it the first credit rating service company in the country, Vietnamplus reports.
Central bank firm on bad-debt resolution
Monday,  Jul 24,2017,22:14 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) is working hard towards settling bad debts and restructuring the banking system by 2020, Nguoi Lao Dong newspaper reports.
First wholly Singapore-owned bank to operate in Vietnam
Friday,  Jul 21,2017,21:30 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) on July 19 gave approval in principle to United Overseas Bank Limited (UOB) to open the first 100% Singapore-owned bank in the country.
VN30 stocks dampen market recovery
Thursday,  Jul 20,2017,23:48 (GMT+7)
HCMC – The local stock market recovered on July 19 after a three-day pullback but stocks in the VN30 basket weighed on the uptrend.
Gold prices surge
Tuesday,  Jul 18,2017,23:11 (GMT+7)
HCMC - Local gold prices continued the uptrend on Monday, rising by VND100,000 compared to the end of last week to VND36.44 million (US$1,606) and VND36.22 million per tael for selling and buying, according to Saigon Jewelry Holding Co. (SJC).
Banks cut interest rates
Wednesday,  Jul 12,2017,00:01 (GMT+7)
HCMC - Banks have announced new interest rates that are even lower than the short-term interest rate ceiling for clients in priority groups.
Central bank loosens monetary policy to meet growth target
Tuesday,  Jul 11,2017,23:58 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) has loosened its monetary policy by cutting a number of policy interest rates by 0.25 to 0.5 percentage points to help inject cash into the economy and thus fuel growth.
Dollar firmer as central bank hikes prices
Wednesday,  Jun 21,2017,22:29 (GMT+7)
HCMC – The U.S. dollar strongly appreciated against the domestic currency on June 20 as the State Bank of Vietnam raised the dollar buying price and the reference exchange rate.
Depositors’ insurance payout raised to VND75 million
Wednesday,  Jun 21,2017,22:29 (GMT+7)
HCMC – If a credit institution is declared bankrupt, the maximum insurance payable to a depositor for all deposits at an insured organization will be VND75 million (around US$3,300) from the current VND50 million under a new rule effective from August 5.
Ask-and-give mechanism needs to be removed between banks and enterprises
Monday,  Jun 19,2017,21:38 (GMT+7)
HCMC – There should be no “ask-and-give” mechanism between commercial banks and enterprises in credit relations, heard a bank and enterprise matching conference in HCMC last Friday.
Greenback changes little despite Fed rate hike
Friday,  Jun 16,2017,23:33 (GMT+7)
HCMC – Although the U.S. Federal Reserve (Fed) raised rates by 25 basis points, the Vietnam dong-U.S. dollar exchange rate saw little change, with the greenback firmer against the domestic currency before quickly stabilizing given supportive macro factors.
Capital cost ebbs to three-month low
Wednesday,  May 31,2017,00:10 (GMT+7)
HANOI – The capital cost on the primary monetary market has ebbed to the lowest level in three months, at below 3.6% a year for interbank offers in Vietnam dong of all short tenors.
Two more local banks join ADB’s trade finance program
Friday,  May 26,2017,00:09 (GMT+7)
SBV says interest rates now reasonable
Thursday,  May 18,2017,22:04 (GMT+7)
HANOI - Interest rates of 6-11% per year for Vietnam dong loans and 3-4% for those in foreign currency are reasonable, according to the State Bank of Vietnam (SBV).
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