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Financial Markets

Financial Markets

HSBC arranges VND900 billion bilateral green loan to REE Corporation

Hong Ngan -
HCMC – HSBC Vietnam on August 9 signed a deal to arrange a green loan of VND900 billion for the Refrigeration Electrical Engineering Corporation...
Financial Markets

Finance Ministry urges corporate bond investors to exercise prudence

Nhu Phu -
HCMC – The Ministry of Finance has advised investors to adequately assess and carefully consider the pros and cons of investment in corporate bonds. Individuals...
Financial Markets

Banks report hefty profits in H1

Nhu Phu -
HCMC - The first half of this year saw many commercial banks produce positive business results, with their before-tax profits exceeding VND10 trillion. A report...
Financial Markets

HSBC supports Techcombank to access US$1 billion loan facility

Hong Ngan -
HCMC - HSBC Vietnam has cooperated with several other banks to provide the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) with a US$700...
Financial Markets

Deposit rates rise in July

Vuong Anh -
HCMC - Many commercial banks, big and small alike, offered higher long-term deposit rates in early July, at up to 7% per year. The Asian...
Financial Markets

Bank deposits surge as interest rates rise

Thanh Ha -
HCMC – Deposits at local banks have soared as interest rates have inched up. Data from the State Bank of Vietnam (SBV) showed that in...
Financial Markets

HoREA suggests continuing lending to borrowers with secured assets

Nhu Phu -
HCMC – The HCMC Real Estate Association (HoREA) has written to the prime minister and the State Bank of Vietnam proposing continued lending to...
Financial Markets

SBV says will maintain forex market stability

Nhu Phu -
HCMC – The State Bank of Vietnam (SBV) will likely pump more foreign currencies this year to keep the forex market stable as the...
Financial Markets

Vietnam to complete handling of poor-performing banks by 2025

Thanh Ha -
HCMC – The Government has approved a banking sector restructuring and bad debt settlement plan in which the handling of poor-performing commercial banks will...
Financial Markets

Extending bad debt settlement scheme can minimize potential risks

Nhu Phu -
HANOI - The extension and improvement of several regulations on bad debt settlement in Resolution 42/2017 will help credit institutions handle potential bad debts...
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