Tuesday, October 17, 2017 - 11:24:41

foreign currencies

SBV demands strict compliance with credit rate regulations

Business

SBV demands strict compliance with credit rate regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions and commercial banks in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.

Stock volatility expected this week

Business

Stock volatility expected this week

Shares are expected to decline further this week as investors seek profits, but the decline will not be heavy as foreign investments and Q1 performances will boost investor confidence.

Credit grows 1 percent in January: NFSC

Business

Credit grows 1 percent in January: NFSC

The National Financial Supervisory Commission (NFSC) has reported that credit in the first month of the year saw a growth rate of 1 percent, the highest month-on-month increase over the past five years.