The SBV also stated that it will strive to maintain stable deposit rates and reduce lending rates through cost-cutting, digitalisation, streamlined administrative procedures, and internal restructuring.
The Indonesian government has unveiled a series of economic stimulus packages totaling 827 trillion Rp (51.65 billion USD) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups.
The Association of Southeast Asian Nations (ASEAN) plus Japan, China, and the Republic of Korea (RoK) agreed on December 7 to launch an emergency financing programme to deal with future pandemics and natural disasters, in their latest attempt to ensure financial stability in the region.
Asian economies, hit hard by the coronavirus pandemic, are expected to recover this year with the help of COVID-19 vaccine rollouts, but still warned of downside risks stemming from the emergence of new mutations and differences in vaccination rates among nations, according to a joint statement.
The Bank of Thailand (BoT) on May 8 held its benchmark interest rate unchanged for a third straight meeting, as widely expected, saying monetary policy remained accommodative while risks to financial stability remained.
The Asian Development Bank (ADB) has approved a 100 million USD loan to develop Vietnam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.
Japan on May 5 proposed a new type bilateral currency swap agreement, worth 40 billion USD, to the ASEAN to tackle short-time liquidity difficulties during crisis time, Kyodo News Agency reported.
Top representatives of the Republic of Korea (RoK)’s financial bodies have underlined the necessity for the country and Vietnam to foster cooperation for the regional financial stability.
