25 C
Ho Chi Minh City
Wednesday, October 20, 2021
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CATEGORY

Financial Markets

Major banks continue deposit rate cuts

HCMC – Many large commercial banks have continued lowering deposit rates for various tenors aimed at reducing lending rates to support businesses and residents...

Banks struggle to raise capital amid Covid-19

HCMC – In light of the unpredictable developments relating to the Covid-19 pandemic, many banks in Vietnam are attempting to raise capital but most...

Eximbank in disarray ahead of second shareholder meeting

HCMC - Sumitomo Mitsui Banking Corporation (SMBC), a majority shareholder of Vietnam Export Import Bank (Eximbank), has requested the bank to convene an extraordinary...

Saving rates continue downward spiral

HCMC – Following deposit rate cuts early this month for tenors from six months onward, many local banks have continued to lower rates for...

Corporate bonds increasingly attractive to investors due to high yield

HCMC – Corporate bonds have attracted a huge cash flow from other investment channels, including depositors, even though the Ministry of Finance has repeatedly...

Banks further lower deposit rates

HCMC – Local banks have continued to cut deposit rates by 10-90 basis points for various tenors since the beginning of this month, the...

Zalo Bank not licensed: SBV

HCMC – A representative of the State Bank of Vietnam (SBV) has affirmed that the central bank has not licensed Zalo Bank to provide...

Calling for cryptocurrency investment is illegal: official

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

Banks see abundant capital amid low credit demand

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

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

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

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