Category: Finance
The SBV approves all banks’ request for credit room extension
Sharing with Nguoi Dong Hanh, Head of Credit Department under the State Bank of Vietnam (SBV) Nguyen Quoc Hung said that the SBV has raised the credit growth limit for some [...]
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Over 840.88 million USD raised via G-bonds auction
The State Treasury raised 19.5 trillion VND (840.88 million USD) via a recent auction of government bonds (G-bonds) at the Hanoi Stock Exchange (HNX). Interest rates of all [...]
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Banks in the 2020 innovation consider customer experience as a top priority
A survey of 560 executives from leading financial institutions in 17 markets showed that setting up a customer-centric business model was their top priority in renovating [...]
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The number of individual investors soars in the corporate bond market
SSI Securities analyst has just reported the impact of corporate bond channel on deposit interest rates. SSI said that according to the published business data and Hanoi [...]
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Reference exchange rate down 5 VND on July 10
The State Bank of Vietnam set the daily reference exchange rate at 23,216 VND per USD on July 3, down 5 VND from the previous day. With the current trading band of +/-3 [...]
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Banks set high targets in 2020: shareholders are both happy and worried
The Covid-19 pandemic is causing banks to sacrifice profits to support customers, but some banks still set high profit targets in the hope that the lending situation will [...]
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Ministry warns about online lending apps
The Ministry of Public Security has warned about the risk of black credit provided by online lending applications which could threaten social security. Online lending apps [...]
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Viet Capital Bank launches a loan package of 6tr dong for businesses
According to the representative of Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), the 6 trillion dong loan package with preferential interest rates met the [...]
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Gold climbs to new peak in Vietnam
Gold prices continued to run up in Vietnam on Thursday, hitting a new high, on global uncertainty caused by Covid-19 and a weakening dollar. State-owned Saigon Jewellery [...]
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Reference exchange rate 3 VND on July 9
The State Bank of Vietnam set the daily reference exchange rate at 23,221 VND per USD on July 9, up 3 VND from the previous day. With the current trading band of +/-3 [...]
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HSBC offers first green credit in Vietnam
On July 8, HSBC Vietnam signed a green credit agreement with Duy Tan Plastics Corporation to finance the Duy Tan Plastics Recycling Factory, making it the first green loan [...]
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Corporate bond interest rate doubles that of bank deposits
Many businesses had issued one-to-three-year bonds, with a fixed interest rate of 13 percent per year, twice as much as the savings rate at banks. The Ministry of Finance had [...]
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Favourable time for banks to attract foreign capital
After a quiet period, recently, some Vietnamese banks are planning to issue international bonds. For example, HCM City Development Commercial Joint Stock Bank (HDBank) [...]
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SME credit makes up 26 per cent of VietinBank’s credit balance
VietinBank is ramping up efforts to support small and medium-sized enterprises by increasing growing credit available for them. The information was revealed by Tran Minh [...]
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Policies on credit growth should be flexible
Banks continuously lowered deposit and lending rates, but credit growth in the first six months was still much lower than in previous years. Given this fact, many experts and [...]
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