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CATEGORY

Financial Markets

Financial Markets

Incoming remittances to HCMC put at US$9.5 billion in 2023

Ngoc Nguyen -
HCMC - HCMC received an impressive US$9.5 billion in remittances from abroad last year, beating the estimate by around US$500 million, according to Nguyen...
Financial Markets

New market trends to shape Vietnam’s banking system – report

Do An -
HCMC - Emerging trends in digital payment, artificial intelligence (AI) and sustainable development present both opportunities and challenges that could impact banks in Vietnam...
Financial Markets

Banks slash deposit rates further

Dat Thanh -
HCMC – Three State-run banks – BIDV, VietinBank and Agribank – further cut deposit rates by 20 to 40 basis points today, January 17. BIDV...
Financial Markets

Total outstanding loans expected to expand 4.4% in Q1

Dat Thanh -
HCMC – Total outstanding loans in the economy are expected to rise by 4.4% in the first quarter of this year, signaling a departure...
Financial Markets

Banks further cut deposit rates

Ngoc Nguyen -
HCMC - Commercial banks have recently further lowered interest rates for deposits, with the lowest rates now hitting 1.7% per annum, according to Thanh...
Financial Markets

Govt weighs empowering central bank governor on special loans

Dat Thanh -
HCMC - The Government is considering authorizing the Governor of the State Bank of Vietnam (SBV) to approve zero-interest special loans. This proposal is part...
Financial Markets

Over VND13.5 quadrillion deposited at banks in 2023

Dat Thanh -
HCMC – Deposits in the banking system last year soared by 14% year-on-year to an all-time high of over VND13.5 quadrillion, said a leader...
Financial Markets

Government calls on banks to further cut lending rates

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HCMC - The Government has urged commercial banks to make things easier for residents and businesses to take out loans. These measures include cutting costs,...
Financial Markets

Vietnam wants VND2 quadrillion injected into economy this year

Dat Thanh -
HCMC – With a 15% credit growth target set for 2024, an additional VND2 quadrillion will be injected into the economy this year, said a...
Financial Markets

Banks get one-off credit growth quota allocations for 2024

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HCMC – The State Bank of Vietnam (SBV), the country's central bank, has made one-off credit growth quota allocations for commercial banks right at...

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