Cambodian Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection Men Sam An has visited the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) in Hanoi as part of her going visit to Vietnam from October 14 to 19.
Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,157 VND per USD on October 16, up 7 VND from the previous day (October 15).
Nearly 9.6 trillion VND (417.3 million USD) worth of bad debts were handled each month from August 15, 2017 to August 31, 2019, or 4.7 trillion VND higher than that during the 2012 – 2017 period.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,150 VND per USD on October 15, unchanged from the previous day (October 14).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,150 VND per USD on October 14, down 4 VND from the last working day of previous week (October 11).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on October 11, down 3 VND from the previous day (October 10).
The Republic of Korea’s banks are focusing more on Vietnam as the market emerges as a major source of earnings for them amid their slowdown from China.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,156 VND per USD on October 9, down 1 VND from the previous day (October 8).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,155 VND per USD on October 7, down 4 VND from the last working day of previous week (October 4).
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,159 VND per USD on October 4, down 2 VND from the previous day (October 3).
Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,161 VND per USD on October 3, down 2 VND from the previous day (October 2).
The State Bank of Vietnam (SBV)'s exchange rate management policy has been appropriate and effective, creating benefits for the economy and confidence for the market.
Addressing the Government’s meeting on October 2, Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to push ahead with stronger reforms to promote production and business activities amid several challenges to and problems of the economy.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,163 VND per USD on October 2, down 2 VND from the previous day (October 1).
Politics
