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Thursday, May 2, 2024

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Financial Markets

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...

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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