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Monday, January 24, 2022

CATEGORY

Financial Markets

No bank provides loans for winners of Thu Thiem land auctions: SBV

HCMC – No commercial banks lent to enterprises to place deposits to join the recent auctions of four land lots in the Thu Thiem...

Banks asked to report loans for winners of Thu Thiem land auctions

HCMC – The State Bank of Vietnam’s Banking Supervision Agency has asked banks to report their provision of credit to individuals and enterprises taking part...

Magnetic stripe ATM cards to remain usable after Dec 31: SBV

HCMC – Customers can continue to use magnetic stripe ATM cards for transactions at ATMs, point-of-sale (POS) and bank counters, and for internet and...

Bad debt at banks rises to four-year high amid pandemic

HCMC – The bad debt ratio at commercial banks has soared to a four-year high of 1.9%, Le Trung Kien from the State Bank...

Banks’ rush for corporate bonds faces scrutiny

HCMC – As many banks are rushing to buy corporate bonds, the State Bank of Vietnam (SBV) has issued Circular 16 tightening control over...

Many banks report handsome profits in Jan-Sept

HCMC – Many local banks have released their business results in the January-September period of this year, with many of them reporting high profits. Specifically,...

State budget revenue in Jan-Sep up 10.75%

HCMC – The State budget revenue in the January-September period of this year reached nearly VND1.1 quadrillion, meeting 80.75% of this year’s target and...

SBV says no to more rate cuts this year

HCMC – The State Bank of Vietnam (SBV) will keep the current deposit interest rates and lending rates unchanged until the end of this...

Vinpearl issues world’s first Exchangeable Sustainable Bond

HCMC - Vinpearl JSC last week successfully issued a US$425 million Exchangeable Sustainable Bond, which can be converted into shares of Vietnam’s major conglomerate...

Concerns raised over VND100-trillion relief package

HCMC – The competent agencies are considering a relief package worth VND100 trillion, offering loans with an interest rate of 3%-4% for enterprises hit...

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