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Financial Markets

Financial Markets

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

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

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

Thanh Ha -
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...
Financial Markets

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

Hong Ngan -
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...
Financial Markets

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

Nhu Phu -
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...
Financial Markets

Banks’ rush for corporate bonds faces scrutiny

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

Many banks report handsome profits in Jan-Sept

Thanh Ha -
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,...
Financial Markets

State budget revenue in Jan-Sep up 10.75%

Thanh Ha -
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...
Financial Markets

SBV says no to more rate cuts this year

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

Vinpearl issues world’s first Exchangeable Sustainable Bond

Hong Ngan -
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...
Financial Markets

Concerns raised over VND100-trillion relief package

Thanh Ha -
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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