News for: bank

Central bank suspends gold bar auctions, announces market inspections

05/27/2024 21:14 - The State Bank of Vietnam (SBV) has halted its gold bullion auctions and will introduce a new strategy to stabilise gold prices as early as June 3.


PM urges banking sector to expand connections and develop digital ecosystem

05/08/2024 16:11 - Prime Minister Pham Minh Chinh attended an event on digital transformation in the banking industry held by the State Bank of Vietnam (SBV) in Hanoi on May 8.


Central bank successfully auctions 3,400 taels of SJC-branded gold bars

04/24/2024 18:59 - The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.


Central bank urges caution in gold trading

12/30/2023 19:49 - The central bank has warned people to take caution when trading gold amid the strong fluctuations of the precious metal.


Bank guard posthumously awarded Bravery Order

12/28/2023 19:35 - President Vo Van Thuong on December 28 signed a decision to posthumously award the Bravery Order to Tran Minh Thanh, former guard at the Ngu Hanh Son transaction office of the Joint Stock Commercial Bank for Investment and Development of Vietnam – Song Han Branch in the central city of Da Nang, for his courageous action in the fight against crime.


Banks reduce loan interest by over VND12.2 trillion for pandemic affected clients

10/29/2021 14:53 - A total lending interest reduction of over VND12.2 trillion (US$539 million) was conducted by 16 commercial banks between July 15 and September 30, 2021, to support customers affected by the COVID-19 pandemic.


PM urges banking sector to strive for higher results

04/19/2021 18:54 - Prime Minister Pham Minh Chinh has hosted a working session with the State Bank of Vietnam (SBV), during which the cabinet leader urged the banking sector to promote its achievements for even better results in the near future.


Moody's upgrades unsecured ratings of 15 Vietnamese banks

03/20/2021 13:48 - Moody's Investors Service has affirmed the long-term local and foreign currency deposit ratings and senior unsecured ratings of 15 Vietnamese banks at Ba3 positive.

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Central bank further cuts benchmark interest rate to aid economy

09/30/2020 18:37 - The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.

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Vietnam’s central bank stands ready to support businesses

03/23/2020 17:38 - The State Bank of Vietnam (SBV)’s recent move to cut a number of policy interest rates is considered by many economists to be a positive step in keeping with domestic macroeconomic developments and the global financial market situation.

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Banks to reschedule debts, lower interest rates to support firms affected by COVID-19

03/13/2020 16:23 - The SBV will create favourable conditions for credit institutions and branches of foreign banks to proactively reschedule debt payment deadlines and exempt and reduce interest rates and fees for enterprises affected by the COVID-19 epidemic.

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Vietnamese banks take measures to help coronavirus-hit businesses

03/03/2020 11:39 - Commercial banks in Vietnam have provided assistance to more than 44,000 business customers affected by the coronavirus outbreak by delaying loan repayments, lowering interest rates, cutting fees and introducing new credit programmes.

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Non-performing loans ratio at banks to be curbed below 2%

01/08/2020 09:32 - The Governor of the State Bank of Vietnam has issued a directive on the implementation of key tasks of the banking sector in 2020 under which non-performing loans of the banking system are expected to be curbed below 2%.

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Banks keen on green projects

09/21/2019 11:38 - Green lending refers to lending that is based on environmental criteria for the plan of using funds.

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Key rate cut affects interest rates

09/16/2019 13:28 - The State Bank of Vietnam (SBV) officially cut several key interest rates by 0.25 percentage points on Monday.

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Banks report record profits in H1/2019

07/15/2019 19:53 - Last week, many banks reviewed their operations for the first half of 2019 and reported their highest 6-month profits and many completed more than half of the set targets for the year.

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Banks given higher credit limits

07/15/2019 09:44 - At least five banks have been given higher credit limits by the State Bank of Vietnam, with an average increase of about 4%.

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Mobile credit point: Solution for black credit

06/21/2019 12:07 - Many commercial banks and financial institutions in Khanh Hoa are providing flexible consumer loan packages to help people in need.


Banking shares attract investors

05/04/2019 12:39 - In the first quarter of 2019, banking stocks saw good growth, with 14 out of 17 stock codes increasing.

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Opposite trends in interest rates & interbank rate

03/06/2019 14:34 - The highest deposit interest rates in some banks reached 8.6% per year, yet interest rates in the interbank market witnessed consecutive declines in the last two months.

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