Vietnamese central bank invited to become BIS member Business

Vietnamese central bank invited to become BIS member

The State Bank of Vietnam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.
Bank lending rates expected to fall in 2020 Business

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
Credit growth exceeds 13 percent in 2019 Business

Credit growth exceeds 13 percent in 2019

Credit grew over 13 percent in 2019, slightly below the yearly targetof 14 percent, a senior official from the State Bank of Vietnam (SBV) told a recent press conference.
SeABank completes settlement of VAMC special bonds Business

SeABank completes settlement of VAMC special bonds

The Southeast Asia Joint Stock Commercial Bank (SeABank) has completed the early redemption of all special bonds at the Vietnam Asset Management Company (VAMC), thereby helping the bank proactively monitor and handle bad debts.
Observers: Malaysia must deal with sagging economy World

Observers: Malaysia must deal with sagging economy

According to observers, Malaysia must cope with a sagging economy due to the impact of the global trade tension in 2019 and strive to find a foothold before the transfer of power scheduled next year.
Top 10 world economic events of 2019 World

Top 10 world economic events of 2019

Below is a recap of ten of the year’s most consequential headlines impacting consumers, investors and financial markets worldwide chosen by the Vietnam News Agency.
Small banks struggle to meet Basel II deadline Business

Small banks struggle to meet Basel II deadline

Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.