Central bank eyes further interest cut Business

Central bank eyes further interest cut

The State Bank of Vietnam (SBV) sought to further cut interest rate in an effort to boost the country's economic recovery, said its Deputy Governor Nguyen Thi Hong in a press conference in Hanoi on September 22.
Vietnam’s forex reserve sets new record Business

Vietnam’s forex reserve sets new record

Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.
Banks’ profit forecast to drop significantly in H2 Business

Banks’ profit forecast to drop significantly in H2

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 percent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.