The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens.
Allowing banks access to Vietnam’s population database has set the foundation for the banking sector to expand and provide digital services to more customers, as well as improve security, prevent fraud and identity theft, according to the State Bank of Vietnam's (SBV) Deputy Governor Pham Tien Dung.
The Ho Chi Minh City will spend 700 billion VND (28.6 million USD) on building the second blood bank as the city's first establishment, located at the Blood Transfusion and Hematology Hospital, has become overloaded.
The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support the economic recovery process following the COVID-19 pandemic.
The Ho Chi Minh City Housing Development Commercial Joint Stock Bank (HDB) has been recently honoured as the “Leading Partner Bank in Vietnam” by the Asian Development Bank (ADB).
Politburo member and President of the Ho Chi Minh National Academy of Politics (HCMA) Nguyen Xuan Thang has hosted Asian Development Bank (ADB)’s Country Director for Vietnam Shantanu Chakraborty.
The Asian Development Bank (ADB) on September 13 announced that it has approved a 303 million USD loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines.
In a bid to increase domestic production and deal with ongoing economic challenges, the Bank of Lao PDR (BOL) has allocated 4.5 trillion LAK (225 million USD) toward a credit policy to support local businesses.
Vietnam’s green credit balance accounted for about 4.2% of the economy’s total credit balance by June 30, 2023, according to the State Bank of Vietnam (SBV).
The banking sector of the northern province of Bac Giang will roll out measures to speed up loan disbursement and improve credit growth for local socio-economic development, according to the provincial branch of the State Bank of Vietnam (SBV).
Efforts to enable poverty reduction in the southern region are to be pushed ahead in the coming time to help better the lives of ethnic minority groups in the area.
Prime Minister Pham Minh Chinh on September 7 received World Bank (WB) President Ajay Banga in Jakarta on the sideline of the 43rd ASEAN Summit and related meetings in Indonesia.
The National Bank of Cambodia (NBC) announced on September 6 that it has successfully auctioned 10 million USD in an effort to stabilise the Cambodian riel against the US dollar.
The State Treasury and the Vietnam Bank for Social Policies (VBSP) mobilised nearly 235 trillion VND (9.8 billion USD) in the first eight months of this year, the Hanoi Stock Exchange (HNX) has announced.
Outstanding loans to the real estate sector in the first half of 2023 surged by 17.4%, exceeding the 10.7% growth rate of the whole of 2022, according to data from the State Bank of Vietnam (SBV).
Experts predict that recent fluctuations in foreign exchange rates are short-term, and the Vietnamese currency, the dong, will trend to appreciate again in the medium to long term.
The State Bank of Vietnam (SBV) has forecast that loan interest rates will continue to fall in line with commitments by commercial banks to lower their rates.
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