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Thursday, October 21, 2021
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CATEGORY

Financial Markets

Safety a key to development of cashless payment

HCMC – Since Vietnam has improved the legal and technical fundamentals for cashless payment, service providers should now focus on safety and convenience to...

Total assets of banks in Vietnam dip slightly

HCMC – As of late March 2020, the total assets of all credit institutions in Vietnam fell slightly by 0.72% compared with the end...

Vietnam cuts interest rates again, further easing likely: Oxford Economics

HCMC – The State Bank of Vietnam cut its main policy rate by 50 basis points to 4.5% earlier this week, and further rate...

SBV transfers VND16 trillion to offer loans to impacted firms

HCMC – The State Bank of Vietnam (SBV) has transferred VND16 trillion to the Vietnam Bank for Social Policies, so employers can borrow non-collateral...

SBV continues lowering key interest rates

HCMC – The State Bank of Vietnam (SBV) has announced the reduction of a series of key interest rates from May 13, to address...

Banks will not ease lending rules for VND285t stimulus package

HCMC - Banks will simplify lending procedures to help businesses easily access the VND285 trillion stimulus package, but they will not ease lending standards...

Fitch lowers Vietnamese banks’ rating outlooks due to coronavirus

HCMC – Fitch Ratings has recently revised the outlook on long-term issuer default ratings of two State-owned banks, and a wholly foreign-owned bank in...

Bad debts rise due to Covid-19: SBV governor

HCMC – The bad debt ratio will rise by 4% at the end of the second quarter of 2020 and 3.7% at the end...

Three-year zero-interest business loans unfeasible: experts

HCMC - Commercial banks and experts have said the proposal of providing zero-interest loans for three years to State-run businesses is unfeasible. To support businesses...

Banks reduce deposit rates

HCMC – Local banks have slashed deposit rates to save operating costs and smooth the path for their plans to lower lending rates to...

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