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Friday, October 25, 2024

CATEGORY

Financial Markets

Central bank rejects U.S. designation of Vietnam as currency manipulator

HCMC – In response to the U.S. Treasury Department labelling Vietnam as a currency manipulator, the State Bank of Vietnam (SBV) asserted that Vietnam’s...

Deposit rates seen dropping further at year-end

HCMC – Many lenders have continued slashing the deposit rates applied for individual customers in the wake of the third policy rate cut announced...

Millions of unused bank cards may be eliminated

HCMC – Banks will have to withdraw, eliminate or invalidate bank accounts that have been unused, have expired or are lying inactive for a...

Local banks continue cutting deposit rates

HCMC – After the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates, local commercial banks have also slashed deposit rates,...

Individual investors wary of corporate bonds

HCMC – After warnings from the Ministry of Finance over the corporate bond market, individual investors have become more cautious, leading to a 41.1%...

Exchange rate seen stable this year

HCMC - The exchange rate between the U.S. dollar and the Vietnamese dong is forecast to move in a range of VND23,288 and VND23,515...

Major banks continue deposit rate cuts

HCMC – Many large commercial banks have continued lowering deposit rates for various tenors aimed at reducing lending rates to support businesses and residents...

Banks struggle to raise capital amid Covid-19

HCMC – In light of the unpredictable developments relating to the Covid-19 pandemic, many banks in Vietnam are attempting to raise capital but most...

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