28.9 C
Ho Chi Minh City
Thursday, February 27, 2025

CATEGORY

Financial Markets

Banks slash deposit rates

HCMC – Several commercial banks, including BVBank, Eximbank, MSB, and KienLongBank, have lowered deposit interest rates in response to the directives by the Prime...

PM wants sanctions against banks raising deposit rates

HCMC – Prime Minister Pham Minh Chinh has told the State Bank of Vietnam (SBV) to impose strict measures against commercial banks that are...

Consumer credit in HCMC up 10.4% in 2024

HCMC – Consumer credit in HCMC expanded by 10.4% in 2024 to over VND1.11 quadrillion, according to the State Bank of Vietnam's HCMC branch. This...

Domestic gold prices inch down

HCMC - Local gold bar prices have inched down by VND100,000-200,000 per tael against the previous session to VND89.2-90.5 million per tael today, February...

Banking sector ramps up support for economic growth

HCMC – Vietnam's central bank has pledged to intensify efforts to boost economic growth by expanding credit and ensuring financial stability. The State Bank of...

HCMC credit continues expanding in January

HCMC - Credit totaled VND3,940 trillion in HCMC in January, up a mere 0.04% against the end of 2024 but a staggering 12.43% year-on-year,...

Gold prices surge in Vietnam

HCMC – Gold prices in Vietnam surged on February 13, with SJC gold bars selling at VND90.7 million per tael and gold rings surpassing...

Central bank to phase out credit growth quotas

HCMC – The State Bank of Vietnam (SBV) plans to phase out credit growth quotas for banks, targeting a 16% expansion in overall lending,...

Gold prices ease off record highs

HCMC – Gold prices in Vietnam fell sharply on the afternoon of February 11, reversing earlier gains that had pushed them to record levels. SJC...

Banks adjust interest rates after Lunar New Year

HCMC – Vietnamese banks made mixed adjustments to deposit rates in the first week following the Lunar New Year holiday, with some raising rates...

Latest news

spot_img