Expanded credit growth quota supports firms in recovery Business

Expanded credit growth quota supports firms in recovery

The State Bank of Vietnam (SBV)’s expansion of credit growth quotas for commercial banks has created favourable conditions for lenders to boost lending, contributing to supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.
Domestic gold prices hit new record high Business

Domestic gold prices hit new record high

Domestic gold prices kept soaring this morning to pass the historic high on July 6, reaching 50.32 million VND (2,172 USD) per tael (1.2 ounces). The prices of the yellow metal went up in the global market.
Exchange rate to be stable in 2019 Business

Exchange rate to be stable in 2019

The Vietnamese Dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast.
Vietnamese dong given stable outlook Business

Vietnamese dong given stable outlook

The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese yuan, experts said.
Investment funds make modest gains Business

Investment funds make modest gains

Most investment funds in Vietnam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters.