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In the news

Challenges for banks ahead

Hong Ngan -
Many banks might have recorded positive profit growth in 2022. But challenges are awaiting them this year given negative factors such as high interest...
Financial Markets

Personal savings increase over 9%

Thanh Tam -
HCMC - Personal savings at banks in 2022 grew strongly last year, according to the HCMC branch of the State Bank of Vietnam (SBV). Data...
Financial Markets

Govt wants deposit insurance firm to expand capacity

Dat Thanh -
HCMC – Deputy Prime Minister Le Minh Khai has approved a plan to develop the capacity of the Deposit Insurance of Vietnam by allowing...
Financial Markets

Savings rate hikes ease

Nhu Phu -
HCMC – Commercial banks have been in a race to hike savings rates to attract clients, especially since the State Bank of Vietnam's two...
Financial Markets

Higher interest rates spur savings

Dat Thanh -
HCMC - Cash has continued to flow into savings accounts as interest rates rise, according to data of the central bank. The State Bank of...
News

VND14.62 trillion in regular expenditure savings earmarked for Covid fight

Minh Tuan -
HANOI - The Standing Committee of the National Assembly on September 22 decided to use VND14.62 trillion (US$640 million) from the Government’s regular expenditure...

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