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Financial Markets

Financial Markets

Calling for cryptocurrency investment is illegal: official

Hong Ngan -
HCMC – A former top police official asked local residents to stay clear of persons calling for investments in cryptocurrencies to avoid being cheated,...
Financial Markets

Banks see abundant capital amid low credit demand

Dinh Dung -
HCMC – Local banks have seen ample capital as the economy posted a low credit demand given the impact of the coronavirus pandemic, Nguoi...
Financial Markets

Central bank’s VND16 trillion aid receives lackluster response from employers

Hong Ngan -
HCMC – The State Bank of Vietnam (SBV) has deployed a financial package worth VND16 trillion to support enterprises impacted by the coronavirus pandemic,...
Financial Markets

Safety a key to development of cashless payment

Hong Ngan -
HCMC – Since Vietnam has improved the legal and technical fundamentals for cashless payment, service providers should now focus on safety and convenience to...
Financial Markets

Total assets of banks in Vietnam dip slightly

Minh Tuan -
HCMC – As of late March 2020, the total assets of all credit institutions in Vietnam fell slightly by 0.72% compared with the end...
Financial Markets

Vietnam cuts interest rates again, further easing likely: Oxford Economics

Nhu Phu -
HCMC – The State Bank of Vietnam cut its main policy rate by 50 basis points to 4.5% earlier this week, and further rate...
Financial Markets

SBV transfers VND16 trillion to offer loans to impacted firms

Hong Ngan -
HCMC – The State Bank of Vietnam (SBV) has transferred VND16 trillion to the Vietnam Bank for Social Policies, so employers can borrow non-collateral...
Financial Markets

SBV continues lowering key interest rates

Nhu Phu -
HCMC – The State Bank of Vietnam (SBV) has announced the reduction of a series of key interest rates from May 13, to address...
Financial Markets

Banks will not ease lending rules for VND285t stimulus package

btv -
HCMC - Banks will simplify lending procedures to help businesses easily access the VND285 trillion stimulus package, but they will not ease lending standards...
Financial Markets

Fitch lowers Vietnamese banks’ rating outlooks due to coronavirus

btv -
HCMC – Fitch Ratings has recently revised the outlook on long-term issuer default ratings of two State-owned banks, and a wholly foreign-owned bank in...
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