Vietnamplus

Retail investors have been pulling money out of the stock market so far this year, but will return soon, according to analysts.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,301 VND/USD on September 20, up 6 VND from the previous day.

Lawmakers are gathering comments on a draft amending the Law on E-Transactions, and insiders comment that the draft needs revisions to be more practical.

The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement (UKEVFTA) takes effect, according to banking insiders.

The race to increase charter capital in the banking sector continues to heat up with a series of banks announcing their capital increase plans.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,277 VND/USD, up 20 VND from the previous day.

Through credit packages with preferential interest rates, and products and services customised to each customer group’s needs, banks focus on helping enterprises access capital to restore production and business.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,244 VND/USD on September 13, down 9 VND from the previous day.

Some banks have increased lines of credit and immediately plan to allocate capital to priority sectors and essential industries of the economy.

Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,263 VND/USD on September 9, down 18 VND from the previous day.

Easing credit limitations will facilitate the implementation of the 2% interest rate support package as well as meet the capital needs for enterprises to restore production and business toward the end of the year.

The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,281 VND/USD on September 8, up 20 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,261 VND/USD on September 7, up 16 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,245 VND/USD on September 6, up 18 VND from the previous day.

Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,227 VND/USD on September 5, up 8 VND from the last working day before the four-day National Day holiday (August 31).

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,221 VND/USD on August 30, up 10 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,211 VND/USD on August 29, up 1 VND from the last working day of the previous week (August 26).