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Sunday, November 24, 2024

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Financial Markets

Banks commit to cutting lending rates for pandemic-hit firms

HCMC – Sixteen banks have pledged to reduce lending rates for enterprises affected by the Covid-19 pandemic this year with a total support value...

SBV asked to weigh piloting virtual currencies

HCMC – The prime minister has requested the State Bank of Vietnam (SBV) to study and pilot the use of virtual currencies from 2021...

Deposit rates edge up

HCMC – Deposit rates have bounced back given the fact that money flowing into banks tends to stagnate after the Tet holiday. Specifically, the Vietnam...

Seven local banks to issue domestic chip credit cards

HANOI – Seven local banks and the National Payment Corporation of Vietnam, or Napas, on January 25 jointly held a ceremony to launch domestic...

State budget revenue meets 98% of target

HCMC - The total State budget revenue was more than VND1,500 trillion this year, meeting 98% of the target, said Minister of Finance Dinh...

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,...

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