Bank lending rates expected to fall in 2020 Business

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
Deputy PM gives direction to prevent 'double' inflation Business

Deputy PM gives direction to prevent 'double' inflation

Deputy Prime Minister Vuong Dinh Hue has asked the State Bank of Vietnam to actively and proactively direct monetary policy; closely combine with fiscal and macro-policies to control inflation; and prevent double inflation caused by higher foreign exchange rates and global fuel prices.
Thailand affirms no currency manipulation ASEAN

Thailand affirms no currency manipulation

Thailand does not intervene with foreign exchange rates to gain competitiveness in trade, the local central bank’s chief was quoted by Asian Nikkei Review as saying.
Central rate increases 12 VND Business

Central rate increases 12 VND

The State Bank of Vietnam (SBV) on January 7 announced the central rate for the Vietnam dong and the US dollar at 21,919 VND per USD, an increase of 12 VND compared to January 6.