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CATEGORY

Financial Markets

Financial Markets

SBV explains local currency’s fall despite weaker U.S. dollar

Dat Thanh -
HCMC – Vietnam’s central bank has attributed the depreciation of the Vietnamese dong to low domestic interest rates and foreign capital outflows, even as...
Financial Markets

Local gold prices surge

Ngoc Nguyen -
HCMC - SJC gold bars advanced by VND500,000 per tael this morning, July 8, to VND121 million, said local media reports. Around 10 a.m. on...
Financial Markets

Credit expands 9.9% in first half

Dat Thanh -
HCMC – Loans in Vietnam’s banking system expanded by 9.9% in the first half of this year against the end of last year to...
Financial Markets

U.S. dollar rises against Vietnamese dong

Ngoc Nguyen -
HCMC - The U.S. dollar strengthened against the Vietnamese dong on Thursday, with the exchange rate surging to its daily limit of VND26,345 per...
Financial Markets

Credit growth exceeds 7% in H1

Ngoc Nguyen -
HCMC - Total outstanding credit in the banking system reached VND16.73 quadrillion as of June 18, up 7.14% compared to the end of 2024,...
Financial Markets

SBV authorized to approve zero-interest loans

Ngoc Nguyen -
HCMC - Vietnam’s legislature has passed an amendment to the Law on Credit Institutions, granting the State Bank of Vietnam (SBV) the authority to...
Financial Markets

NA approves international financial centers in HCMC, Danang

Ngoc Nguyen -
HCMC - Vietnam’s legislature has passed a resolution establishing international financial centers in HCMC and Danang, supported by special policies and a dedicated legal...
Financial Markets

Central bank restructures local branches into 15 regional offices

The Ky -
HCMC – The State Bank of Vietnam (SBV) will restructure its 63 provincial and municipal branches into 15 regional offices, starting July 1. This...
Financial Markets

Outstanding loans at HCMC banks top VND4.1 quadrillion

Ngoc Nguyen -
HCMC - Total outstanding loans in HCMC’s banking system amounted to VND4.1 trillion as of the end of May, up 3.89% compared to the...
Financial Markets

SBV to allow eligible firms to produce gold bars

Ngoc Nguyen -
HCMC - The State Bank of Vietnam (SBV) is drafting amendments to Decree 24/2012 to end the state’s monopoly on gold bar production, paving...

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