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Saturday, January 28, 2023

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Financial Markets

SBV seen buying up to US$12 billion in 2023

HCMC - KB Securities Vietnam Joint Stock Company (KBSV) has forecast that the State Bank of Vietnam (SBV) might buy US$10-12 billion this year...

PM urges banks to help struggling realty market out

HCMC - Prime Minister Pham Minh Chinh has told the State Bank of Vietnam and the banking system to focus on removing obstacles facing...

Central bank caps 2023 credit growth at 15%

HCMC – The State Bank of Vietnam (SBV) will cap credit growth at 14-15% this year to maintain macroeconomic stability and boost economic growth. Monetary...

Tough screening procedures hinder soft-loan rollout

HCMC – Tough inspection and screening procedures have hindered the rollout of a financial aid package with an interest rate discount of two percentage...

Personal savings increase over 9%

HCMC - Personal savings at banks in 2022 grew strongly last year, according to the HCMC branch of the State Bank of Vietnam (SBV). Data...

Govt wants deposit insurance firm to expand capacity

HCMC – Deputy Prime Minister Le Minh Khai has approved a plan to develop the capacity of the Deposit Insurance of Vietnam by allowing...

Central bank restricts interest rate hikes

HCMC – The central bank’s governor has urged commercial banks to step up efforts to slash interest rates to ensure adequate credit for businesses,...

Banks agree to slash lending rates

HCMC – Sixteen banks are offering an annual interest rate discount of 0.5-3 percentage points for clients from December 2022 to the end of...

Finance Ministry proposes delaying Decree 65 until 2024

HCMC – The Ministry of Finance has released a draft decree amending Decree 65 on bond trading, proposing a one-year delay of putting the...

Commercial banks told to send weekly reports on interest rates

HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, has written to commercial banks ordering them to report on interest rate...

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