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Banks sit on mountains of cash: SBV official

 The banking sector in Vietnam is currently sitting on mountains of cash as the demand for loans in the economy remains woefully low, said...

Banks sit on mountains of cash: SBV official

HCMC - The banking sector in Vietnam is currently sitting on mountains of cash as the demand for loans in the economy remains woefully...

Central bank revises Circular 06

HCMC – In rapid response to directives from the Prime Minister, the State Bank of Vietnam (SBV) has revised Circular 06/2023, which is foreseen...

Major banks lower deposit interest rates below 6%

HCMC – Several major banks have reduced their deposit interest rates to below 6% per year. This marks the fifth significant interest rate cut...

SBV tells banks to further cut lending rates

HCMC – The State Bank of Vietnam (SBV), the country's central bank, has written to commercial banks asking them to further lower lending rates. Domestic...

Reports required for money transfers from VND500 million

HCMC - The State Bank of Vietnam has issued Circular 09/2023 requiring that information on individuals involved in an electronic transfer of VND500 million...

Interest rates decline but remain high

Your browser does not support the video tag. After four consecutive policy interest rate cuts by the central bank, the average annual rates on deposits...

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