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CATEGORY

Financial Markets

Financial Markets

SBV asks banks to lower lending rates

Ngoc Nguyen -
HCMC - The State Bank of Vietnam (SBV), the nation’s central bank, has asked commercial banks to continue cost-cutting measures, simplify lending procedures, and...
Financial Markets

BIDV says will not seek profit in gold sales

Dat Thanh -
HCMC – The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) will sell gold to stabilize the market, instead of making...
Financial Markets

Central bank governor says auctions fail to curb gold price spikes

Dat Thanh -
HCMC – Gold auctions have failed to prevent domestic prices from soaring, prompting the State Bank of Vietnam (SBV) to explore alternative measures to...
Financial Markets

Local gold prices nosedive

Ngoc Nguyen -
HCMC - SJC gold bar prices dropped by a staggering VND2.9 million per tael this morning, May 30, following the central bank’s decision to...
Financial Markets

Four State-run banks authorized to sell gold from June 3

Ngoc Nguyen -
HCMC - The State Bank of Vietnam (SBV) has announced that it will sell gold bars directly to four state-run commercial banks that will...
Financial Markets

Domestic gold prices shoot up after SBV’s gold auction halt

Ngoc Nguyen -
HCMC - Domestic gold bar prices surged by VND600,000 per tael today, May 28, a day after the State Bank of Vietnam (SBV) announced...
Financial Markets

Vietnam to halt gold actions

Dat Thanh -
HCMC – Vietnam’s central bank will stop gold bar auctions from June 3 and will explore other ways to stabilize the domestic gold market. The...
Financial Markets

SBV’s bank restructuring plan hits roadblock

Dat Thanh -
HCMC – The State Bank of Vietnam, the central bank, is struggling to find partners for a bank restructuring plan that forces three problem...
Financial Markets

Central bank denies exchange rate band change

Dat Thanh -
HCMC – The State Bank of Vietnam (SBV) has dismissed rumors of a potential adjustment to the foreign exchange rate band, asserting that the...
Financial Markets

Lawmakers propose issuing gold certificates

Dat Thanh -
HCMC – Vietnamese lawmakers have proposed issuing gold certificates as a measure to stabilize the recent sharp spikes in gold prices. During the National Assembly’s...

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