Vietnamplus

Some banks have announced plans to pay cash dividends to shareholders for the first time in three years.

The reference exchange rate saw a rise in recent days after staying flat for several months, leading experts to say domestic economic factors plus flexible management by the State Bank of Vietnam (SBV) would stabilise the market.

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7 percent.

The Northern Power Corporation under the Electricity of Vietnam Group (EVN NPC), signed a syndicated loan agreement worth 515 billion VND (22.7 million USD) last week for the period of seven years.