The State Bank of Vietnam set the daily reference exchange rate at VND/US$23,753 on July 24, down VND19 from the last working day of the previous week (July 21).
Cash flow from government bonds is meant to flow into the treasury for the benefit of the economy but in a vicious cycle, cash is being deposited back in banks to buy government bonds once again.
To suspicious-seeming transactions, commercial banks are eligible for stopping a customer's transaction if the customer can’t verify their personal information.
The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.
Vietnam has continued to be excluded from the US Department of the Treasury’s monitoring list of currency manipulators in its latest report on macro-economic and foreign exchange policies of major trading partners of the US.
The digital transformation day of the banking sector will be held on May 18, the State Bank of Vietnam (SBV) announced at a press conference in Hanoi on May 11.
Banks in Vietnam are now very keen to tie up with financially strong foreign partners to increase their capital, especially in the current situation where capital flow is limited to small deposits and people are holding on to their savings.
The State Bank of Vietnam asked financial institutions to review the consultancy, introduction and information provision of corporate bonds and investment fund certificates of credit institutions.
Vietnam State Bank (SBV) – HCMC Branch yesterday sent a dispatch to credit organizations and branches of foreign banks in the city as to extending debt payment deadline and maintaining debt groups in compliance with its Circular No.02/2023.
Prime Minister Pham Minh Chinh on April 25 asked ministries and sectors to optimise all tools to remove difficulties facing the financial, corporate bond and real estate markets.
Prime Minister Pham Minh Chinh on April 25 asked ministries and sectors to optimize all tools to remove difficulties facing the financial, corporate bond, and real estate markets.
The sudden reduction in operating interest rates by the State Bank of Vietnam caused a sharp drop of 9.83 points in the VN index between 3 April and 12 April.
The Government is focused on removing difficulties and obstacles for the capital market in 2023. It wants to remove obstacles in cash flow, support businesses, and improve competitiveness to boost the economy.
Investors and shareholders have been left surprised with corporations and businesses divesting from commercial banks at a starting price higher than the market price.
Developers of social housing projects and buyers of this kind of house are entitled to benefit from a credit package worth VND120 trillion (US$5.1 billion) which was started by the State Bank of Vietnam (SBV) earlier this month.