Banks lower saving interest rates right after Tet Business

Banks lower saving interest rates right after Tet

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.
Gaining Thai baht worries exporters World

Gaining Thai baht worries exporters

Gains in the Thai baht are frustrating exporters and many private companies, particularly when the Purchasing Managers’ Index (PMI) remains low.
Top 10 world economic events in 2022 World

Top 10 world economic events in 2022

The global energy and food crisis, central banks’ interest rates hike to cope with inflation and the establishment of the COP27 “loss and damage” fund, were among the top 10 world economic events in 2022, as selected by the Vietnam News Agency (VNA).
Loosening monetary policy welcomed amid credit crunch Business

Loosening monetary policy welcomed amid credit crunch

The State Bank of Vietnam (SBV)’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year (Tet).
Credit surges 11.5% by end-October Business

Credit surges 11.5% by end-October

Credit of the banking system by the end of October this year rose by 11.5% compared to the end of 2021, Bao Viet Securities Company (BVSC) said, citing data from the State Bank of Vietnam (SBV).