Press conference: PM demands no yielding to challenges Politics

Press conference: PM demands no yielding to challenges

Prime Minister Nguyen Xuan Phuc has asked Government members to adopt measures to push economic growth forward in the first half of this year and perform the three key tasks of carrying out the resolution adopted by the 13th National Party Congress, fighting COVID-19, and preparing for the Lunar New Year (Tet) holiday.
Labelling Vietnam as currency manipulator is groundless: Experts Business

Labelling Vietnam as currency manipulator is groundless: Experts

The US Treasury Department’s labelling of Vietnam as a currency manipulator is groundless and certainly significantly affects the psychology of the Vietnamese business community, especially those operating in the import and export field, according to Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI).
Central bank responds to US labelling Vietnam as currency manipulator Business

Central bank responds to US labelling Vietnam as currency manipulator

The State Bank of Vietnam (SBV) said on December 17 that its management of exchange rate in recent years, within the general framework of monetary policy, aims to achieve the consistent goal of controlling inflation and stabilising the macro-economy, not to create unfair competitive advantages in international trade.
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.
Banking sector to support firms Business

Banking sector to support firms

The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam.
Business

Commercial banks in good shape

The Vietnamese monetary market and bank operations have been stable over the last two months, since the day China illegally deployed its oil rig in Vietnam’s waters, the English language news website VietNamNet Bridge reported.
Business

SBV to resume gold auctions if demand rises: paper

A representative of the State Bank of Vietnam (SBV) in Ho Chi Minh City said on May 14 the central bank would inject gold into the market through auctions if demand increases in the coming days, according to a local newspaper.