Central rate increases 12 VND Business

Central rate increases 12 VND

The State Bank of Vietnam (SBV) on January 7 announced the central rate for the Vietnam dong and the US dollar at 21,919 VND per USD, an increase of 12 VND compared to January 6.
State Bank adjusts USD exchange rate Business

State Bank adjusts USD exchange rate

The State Bank of Vietnam (SBV) Operation Centre adjusted the reference exchange rate between the Vietnamese dong (VND) and the USD up by 90 VND on the morning of December 15.
Banks battle it out in Tet loans market Business

Banks battle it out in Tet loans market

Commercial banks and financial companies are fiercely competing for a slice of the profitable personal loans market as demand often rises sharply at the end of the year.
Vietnam’s shares jump, led by banks Business

Vietnam’s shares jump, led by banks

Vietnamese shares rose on both local bourses on December 8, led by the financial sector after it was announced that a large amount of bad loans were sold to the Vietnam Asset Management Corporation.
Vietnamese banks urged to use latest IT Business

Vietnamese banks urged to use latest IT

Domestic commercial banks need to give top investment priority to information technology if they want to develop better retail banking strategies, according to independent market watchdogs.
Banks switch to online tax payment Business

Banks switch to online tax payment

The Ministry of Finance has instructed commercial banks to completely stop over-the-counter tax payments and work with tax agencies to implement online tax payments by the beginning of December.