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Tuesday, November 26, 2024

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Foreign ownership at some local banks may rise to 49%

HCMC - The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%. The Governor...

PM acts to deal with realty market woes

HCMC – Prime Minister Pham Minh Chinh has signed Document 178 ordering the lifting of hindrances to the real estate market and boosting the...

Four state-owned banks cut deposit rates

HCMC - Vietnam's big four state-owned commercial banks today, March 15, lowered their 12-month-term deposit interest rate by 20 basis points to 7.2%, just...

Central bank inspect 11 banks

HCMC - The State Bank of Vietnam, the country’s central bank, has taken punitive measures against several of 11 commercial banks that have been...

VND120 trillion credit package for social housing to be rolled out

HCMC – The Government has assigned the State Bank of Vietnam (SBV) to implement a credit package of VND120,000 billion for developing homes for...

Foreign reserves rise again

Vietnam’s foreign exchange reserves are being replenished. Signs foreseen The State Bank of Vietnam (SBV) has been buying foreign currency since January, acquiring an extra US$2.78...

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