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Tuesday, July 8, 2025

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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...

Banks slash deposit rates

HCMC - Ten commercial banks have cut their deposit rates by 0.3-0.8 percentage point following a meeting between the central bank and commercial banks...

Forex rate vs interest rate

Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The...

SBV sets new credit growth limits for banks

HCMC – Eight commercial banks have received new credit growth quotas for this year, with seven of them entitled to lend less than last...

Interbank interest rates rise

HCMC – Vietnam’s interbank interest rates have edged up further due to the central bank’s net cash withdrawals from the banking system. The interbank rates...

What causes interest rates to slide?

Banks’ unexpected deposit rate cuts before and immediately after the Lunar New Year are explainable Unexpected, yet understandable The deposit rate bracket at Techcombank, effective from...

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