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Sunday, December 29, 2024

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Financial Markets

Savings rate hikes ease

HCMC – Commercial banks have been in a race to hike savings rates to attract clients, especially since the State Bank of Vietnam's two...

Central bank pumps more money into system

HCMC – The State Bank of Vietnam (SBV) yesterday, November 3, injected some VND5,000 billion into the banking system via open market operations for...

Banks report handsome profits in Q3

HCMC - Many local banks have released their business results, which indicate huge third-quarter profits. Asia Commercial Bank (ACB) recorded a pretax profit of nearly...

Central bank puts SCB on special watch list

HCMC – The central bank decided this evening to put the Saigon Commercial Bank (SCB) under special surveillance as the bank has been struggling...

Central bank governor says all savings are protected

HCMC – As Vietnamese are worried about their savings at commercial banks following the arrest of Van Thinh Phat Holdings Group Corporation chairwoman Truong...

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