Keyword: "monetary market"

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Experts believe that increasing credit growth limits (credit room) not only allows businesses greater access to capital but also helps stabilize the monetary market.

Banks with credit growth of at least 80% of the targets set by the central bank at the beginning of the year are allowed to expand lending based on credit ratings, according to the State Bank of Vietnam (SBV).

Experts, and representatives of international organisations, and investment funds have shown their belief in the potential for sustainable growth in Vietnam in the coming tỉme.

As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.

ietnam’s economy is estimated to grow by 6.42% in the first half of 2022, higher than expected, heard a Government teleconference on July 4.

The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi on May 23.

The monetary market’s liquidity has remained stable and foreign currency supply and demand are relatively balanced amidst the uptrend of USD/VND exchange rates over the last few days, an official from the State Bank of Vietnam (SBV) has assured.

As many as 88 percent of credit institutions expected their business performance will keep improving in 2019, of which 35 percent anticipated ‘significant improvement’.

In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.

Indonesia’s central bank on November 15 decided to raise its benchmark interest rate for the sixth time this year to lower the country’s yawning current-account deficit.

The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years.

The State Bank of Vietnam (SBV) has told credit institutions to obey legal regulations on deposit interest rates to ensure safety of institutions and stabilise the local monetary market.

Prime Minister Nguyen Tan Dung chaired a meeting with relevant ministries, sectors and agencies to look at the possible impacts of the Chinese yuan’s devaluation on Vietnam’s economy.