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CATEGORY

Financial Markets

Financial Markets

Typhoon Yagi victims eligible for soft loans from VBSP

Dat Thanh -
HCMC – Deputy Prime Minister Ho Duc Phoc signed a decision on December 23 to reduce interest rates for borrowers affected by typhoon Yagi,...
Financial Markets

Fifth firm authorized to provide credit rating services

Ngoc Nguyen -
HCMC – The Ministry of Finance has officially licensed Thien Minh Credit Rating JSC to provide credit rating services, making it the fifth company...
Financial Markets

Banks raise deposit interest rates

Ngoc Nguyen -
HCMC – Several banks have increased deposit interest rates, with some offering 6-6.3% annually for long tenors. BVBank offers an annual rate of 6.3% for...
Financial Markets

Local gold prices nosedive

Ngoc Nguyen -
HCMC - The prices of SJC-brand gold bars at several jewelry businesses have dropped by up to VND1.2 million per tael, settling at around...
Financial Markets

Gov’t demands transfer plans for troubled banks before next Friday

Dat Thanh -
HCMC – The Government has directed the State Bank of Vietnam (SBV) to submit transfer plans for GPBank and DongA Bank by December 20,...
Financial Markets

Local gold prices drop

Ngoc Nguyen -
HCMC - Domestic prices of SJC-brand gold bars and rings fell today, December 13, with some jewelry companies cutting their buying and selling prices...
Financial Markets

Domestic gold prices shoot up

Ngoc Nguyen -
HCMC – The prices of SJC-brand gold bars and gold rings have increased by VND150,000 to VND400,000 per tael, while the exchange rate of...
Financial Markets

Gov’t raises over VND20.7 trillion from bond sales in November

Dat Thanh -
HCMC – The Vietnam State Treasury (VST) raised over VND20.7 trillion through 17 government bond (G-bond) auction sessions on the Hanoi Stock Exchange in...
Financial Markets

SBV raises credit growth quotas for banks

Dat Thanh -
HCMC – The State Bank of Vietnam (SBV) has increased credit growth quotas for banks in 2024, allowing lenders to expand lending. This is the...
Financial Markets

Penalties proposed against loan-insurance bundling by banks

Dat Thanh -
HCMC – Vietnam’s central bank has drafted a decree proposing fines of up to VND500 million for banks that bundle loans with non-compulsory insurance...

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