Vietnamplus

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 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.

Deputy Minister of Finance Vo Thanh Hung highlighted Vietnam’s flexible monetary policy management in an effort to promote consumption, investment and business while addressing the 10th ASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM) which was held in Indonesia on August 24 and 25.

Deputy Minister of Finance Vo Thanh Hung, who led a Vietnamese delegation to the 10th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) held in Jakarta, said that Vietnam has actively participated in the ASEAN financial cooperation process since 1995.

The Bank of Thailand (BOT) recently said Thailand’s current level of the benchmark interest rate was nearly balanced, adding that monetary policy would not be affected by a delay in the formation of a new government.

The State Bank of Vietnam (SBV), has officially joined the Regional Payment Connectivity (RPC) initiative.

HSBC Vietnam has forecast that the State Bank of Vietnam (SBV) will lower the policy interest rate by 50 basis points in the third quarter of 2023 before maintaining the rate throughout the year 2024.

The State Bank of Vietnam (SBV) has said its new circular has enabled clients to better access credit loans, thus ensuring a fresh supply of capital for production and business.

The Bank of Thailand (BoT) raised its key interest rate to a nine-year high on August 2, amid concerns about possible inflation and political instability.

The State Bank of Vietnam (SBV) on July 19 issued a document guiding commercial banks to implement a credit package, worth 15 trillion VND (641 million USD), for businesses in the forestry and fishery sector.

The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

The State Bank of Vietnam has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme.

The State Bank of Vietnam (SBV) has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme.

Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.

The State Bank of Vietnam (SBV) has been drastically implementing measures, particularly those to reduce loan interest rates, said its deputy governor Dao Minh Tu at a regular government press conference on May 5, calling it one of the important and practical policies to help businesses.

Bank Indonesia (BI) and the Bank of the Lao PDR (BOL) have signed a Memorandum of Understanding (MoU) to strengthen relationship between the two central banks.

The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.