The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,062 VND/USD on June 6, down 7 VND from the last working day of the previous week (June 3).
The State Bank of Vietnam (SBV) has been consistent in its policy to strictly control the credit flows into areas with high risks such as real estate and securities, and the policy will continue to be implemented in 2022 and following years, said SBV Deputy Governor Dao Minh Tu at a regular Government press conference on June 4.
The State Bank of Vietnam (SBV) said it had been working around the clock to ensure the smooth implementation of an interest rate package cut through the Vietnam Bank of Social Policies (VBSP).
Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.
Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this year.
Total credit supply in 2022 reached over 11 quadrillion VND (474.3 billion USD) as of May 20, up 7.66 percent compared to that at the end of 2021 and doubling the figure recorded in the same time last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
The Ministry of Natural Resources and Environment (MONRE) and the Bank for Investment and Development of Vietnam (BIDV) have inked a memorandum of understanding (MoU) to promote sustainable green finance development, environment protection and climate change response.
The Central Bank of Myanmar (CBM) has banned the use of foreign currency for local payments to stabilise the foreign exchange rate in the country, reported Xinhua news agency.