USD rate passes VND25,000 milestone at top Vietnam lender Vietcombank
Vietcombank, the largest Vietnamese lender by market capitalization and foreign exchange transactions, increased its USD buying and selling rates to VND24,790 and VND25,130 Wednesday afternoon.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks enter new phase of deposit rate cuts
Vietnamese commercial banks, led by state-controlled majors, have begun a new round of lowering deposit interest rates amidst tepid credit growth.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nam A Bank becomes 18th lender listed on Vietnam’s main bourse
Nam A Commercial Joint Stock Bank (Nam A Bank) on Friday debuted 1.06 billion shares on the Ho Chi Minh Stock Exchange (HoSE), becoming the 18th bank to be traded on Vietnam’s main bourse.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legal gaps should be filled to boost trade finance in Vietnam: experts
More actions are needed to fill up legal gaps in Vietnam to ramp up trade finance that is vital to expanding international trade for importers as well as exporters, a panel has said.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lifting of trade embargo paved way for ‘terrific advances’ in US-Vietnam ties: ambassador
The lifting of the trade embargo on Vietnam by President Clinton 30 years ago paved the way for all the terrific advances in the U.S.-Vietnam trade and economic relationship, said ambassador Marc Knapper.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market may see $4 bln in foreign buying with upgrade
Foreign funds may purchase around $3.5-4 billion worth of Vietnamese shares if the country’s stock market status is upgraded by two global index providers MSCI and FTSE, BIDV Securities JSC (BSC) has said in a report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's Big 4 banks cut deposit interest rates to below 2%
Deposit interest rates at four state-controlled banks in Vietnam, namely Vietcombank, Agribank, BIDV and VietinBank, have dropped to below 2% for some terms as the banking sector continues to cut interest rates.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s four state-owned banks enjoy solid 2023 profit growth
Vietnam’s four state-owned banks, known as the "Big 4", all recorded sound profit growth of 10-19% in 2023.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks cut deposit interest rates to record lows amid lukewarm lending
Commercial banks in Vietnam are unanimously lowering their interest rates on short-term deposit to all-time lows as credit demand stays lackluster despite the year-end peak season nearing.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Standard Chartered to finance Vietnam firms $3 bln for climate change response
Standard Chartered Vietnam has signed five memorandums of understanding (MoUs) valued at approximately $3 billion in sustainable financing to support five companies in Vietnam in achieving their sustainability goals.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam bank deposits hit record high of $522 bln at end-September amid lowering rates
Client deposits at credit institutions in Vietnam reached a record high of VND12,680 trillion (circa $522 billion) as of end-September, rising 7.28% from end-2022, data from the central bank showed.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank reduces exchange rate to three-month low
The State Bank of Vietnam (SBV) decreased the central exchange rate to VND23,954 per U.S. dollar Monday and further to VND23,915 Tuesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Clearer legal framework needed to stimulate eco-industrial park development in Vietnam
The development of green industrial parks and economic zones proved an inevitable path in Vietnam following international success stories, but developers are asking for clearer regulations and guidance for long-term investments.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
BIDV, Switzerland’s Edmond de Rothschild to build ‘leading private bank in Vietnam’
BIDV, a Vietnamese state-controlled banking giant, has teamed up with Switzerland-based financial institution Edmond de Rothchild to “build the leading private bank in the country.”
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam dong may depreciate 3% this year: Vietcombank Securities
The Vietnamese dong (VND) is forecast to weaken by circa 3% against the greenback this year in case the U.S. Dollar Index (DXY) does not rise further, said analysts at Vietcombank Securities Co.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two of Vietnam’s ‘Big 4’ banks report double-digit profit growth
BIDV and VietinBank, both state-controlled banks in Vietnam, recorded respective pre-tax profit growth of 12% and 10% year-on-year in the first nine months of this year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam collects less corporate income tax in 2022 from top 1,000 firms
Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Commercial banks to continue loan rate cuts: central bank
Vietnamese banks have reduced loan interest rates by 1.5-2 percentage points from end-2022, exceeding the initially-expected decrease of 1.5 percentage points, and the trend is likely to continue.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Exchange rate inches up at Vietnam central bank, falls at commercial banks
The State Bank of Vietnam (SBV) raised the central exchange rate from VND24,088 to VND24,089 per U.S. dollar on Friday, another record high, but the rates at commercial banks moved in the opposite direction.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate market bottoms out: economist
The Vietnamese real estate market has overcome its most difficult period and is bouncing back thanks to fiscal and monetary loosening that has yielded positive effects, according to a leading economist.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam currency slides to all-time low against USD
The Vietnamese dong has continued to devalue against the U.S. dollar to a new low, with the greenback remaining strong ahead of a Federal Reserve (Fed) policy meeting.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central exchange rate hits all-time high of VND24,036
The State Bank of Vietnam (SBV) increased the central exchange rate to VND24,036 per U.S. dollar on Friday, another record high.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central exchange rate tops VND24,000, an all-time high
The State Bank of Vietnam (SBV) increased the central exchange rate to VND24,005 per U.S. dollar on Monday, a record high.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Early birds: Vietcombank, BIDV offer loans to repay debts with other banks
Two state-owned banks, Vietcombank and BIDV, are early birds taking advantage of loosened regulations to help businesses and individuals repay their debts with other banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
BIDV provides $200 mln credit line to Long Son Petrochemicals
State-controlled BIDV, one of the “Big 4” banks in Vietnam, and Long Son Petrochemicals (LSP), invested by Thailand's The Siam Cement Group (SCG), signed a $200 million credit agreement in July, the bank announced on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
USD price hits another year-peak in Vietnam
The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,963 per U.S. dollar on Tuesday, pushing the rate to a new record high in the year to date.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks cut 12-month deposit rates to below 6%
The 12-month deposit interest rates at major banks in Vietnam, domestic and foreign, have fallen below 6% this month.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Greenback cools with new central bank reference rate
The State Bank of Vietnam (SBV) cut the central exchange rate to VND23,946 per U.S. dollar Friday, soon after the dollar rose to VND23,951, the highest so far this year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks cut six-month deposit rates to 7%
The six-month deposit interest rates at banks in Vietnam, barring some outliers, fell to a maximum of 7% starting Wednesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank raises USD price to year-high VND23,881
The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,881 per U.S. dollar on Tuesday, pushing the rate to its highest level so far this year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank raises USD price to VND23,825, close to year-high
The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,825 per U.S. dollar on Friday, bringing the rate close to the highest level this year at VND23,833 on July 7-8.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietcombank leads profitability among state-controlled banks
Three of Vietnam's biggest lenders Vietcombank, Vietinbank and BIDV reported the same net interest income in the second quarter this year, but very different profits.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deposit interest rates below 8% at all Vietnam banks
Interest rates on 12-month deposits have fallen below 8% at all commercial banks in Vietnam following Prime Minister Pham Minh Chinh’s call for lower rates on loans.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank okays Vietcombank hiking charter capital to $2.4 bln
Vietnam's central bank has allowed the state-controlled Vietcombank to raise its charter capital from VND47.33 trillion to VND55.89 trillion ($2.38 billion).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's central bank cuts US dollar rate to VND23,622
The State Bank of Vietnam reduced the central exchange rate to VND23,622 per U.S. dollar on Friday, from VND23,635 on Thursday and VND23,639 on Wednesday, after the U.S. Fed raised its benchmark overnight interest rate by a quarter of a percentage point to 5-5.25%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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