Credit organisations continue to offer foreign currency loans

The State Bank of Vietnam continues allowing credit organisations to decide on their hard currency loans to exporters and petroleum dealers throughout 2015, as part of its support measures to achieve the 2015 economic growth of 6.2 percent set by the National Assembly.

Dollar soars as lending grows

The foreign exchange rate between Vietnamese dong and the US dollar on November 17 rose to its highest level since June 30, hitting 21,380 VND to the dollar amid soaring demand from enterprises near the end of the year.

Affected firm assisted to access foreign currency loans

Enterprises affected by extremists who took advantage of the recent anti-China rallies to destroy and loot their property will be assisted in their access to foreign currency loans for the import of machinery and equipment in order to restore their production.

Lending up 2.1 percent over 4 months

The outstanding loans given by commercial banks have increased 2.11 percent since December, according to the State Bank of Vietnam (SBV).

Foreign currency loans declined by 7.2 percent, but dong-denominated loans climbed 4.15 percent.

Currency continues to slide against dollar

After more than a month of keeping the interbank exchange rate unchanged, the State Bank of Vietnam on Dec. 14 raised the forex by 10 VND to 20,813 VND per dollar, its highest level this year.

The interbank dollar exchange rate has advanced 185 VND per dollar, or 0.9 percent, since September when the central bank committed to keeping the forex fluctuation under 1 percent until the end of this year.
SBV raises interbank loan rate Business

SBV raises interbank loan rate

The State Bank of Vietnam on Oct. 26 raised the interbank exchange rate by 20 VND to 20,768 VND per dollar, its highest level this year.

SBV issues currency regulations

Organisations and individuals residing in Vietnam will be required to have corresponding foreign currency capital if they want access to foreign currency loans, according to a new circular.

Deposit interest rates to decline

Deposit interest rates in both Vietnamese and foreign currencies are expected to be cut this month, according to the Vietnam Association of Finance Investors (VAFI).

Hanoi banks target 27 percent rise in capital

Hanoi's banking sector aims to increase total capital mobilisation by 25-27 percent in 2011, compared to the previous year's figures and boost total outstanding loans by 23-25 percent to contribute to the capital's economic development.