Indonesia’s economy has slowed down slightly in the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weaker exports, and household spending.
After suffering for nine consecutive sessions, strong rebounds of the benchmark VN Index last week raised hopes for a short-term recovery with forecasts predicted to touch 940-950 points this week.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung shed some light on issues regarding collaboration among ministries and agencies in monitoring monetary, fiscal, and macro policies during the ongoing sixth session of the 14th National Assembly in Hanoi on October 29.
Struggling to attract domestic funds, banks are rushing to seek foreign capital ahead of the central bank’s tightened policy on medium- and long-term lending early next year.
Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
Experts have forecast real estate stocks might peak in the first half of 2019 or even earlier, in the last quarter of this year.
A recent survey conducted by the State Bank of Vietnam in September revealed that 83 percent of credit institutions have expectation for a high business growth this year.
Interest rates for VND loans have increased in the past two months after holding steady in the first half of the year.
Interest rates for VND loans have increased in the past two months after holding steady in the first half of the year.
According to the General Statistics Office, as of September 20, the banking sector’s credit growth was 9.52 percent, much lower than the 11.02 percent rate recorded a year earlier.
Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.
A majority of credit institutions expect business performance this year will be better than 2017, according to the latest survey conducted by the State Bank of Vietnam on business trend among credit institutions in September.
The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) has been honoured by the financial publication Asiamoney as the best bank for corporate social responsibility in Vietnam.
Politburo member and Prime Minister Nguyen Xuan Phuc praised former General Secretary of the Communist Party of Vietnam (CPV) Do Muoi for his dedication to national liberation, reunification and socialism building over more than 80 years of revolutionary career in an article commemorating the Party leader.
Growth in developing East Asia Pacific (EAP) countries is expected to slow slightly to 6.3 percent in 2018, compared to last year, due to the moderation in China’s economic expansion, according to the World Bank (WB)’s EAP Economic Update released on October 4.
Microfinance, which provides preferential micro-credits with simple conditions, is seen as an effective tool to help women beat poverty, develop business and make contributions to the society.
The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Vietnam’s economy significantly as the move was foreseeable, according to experts.
Deputy Prime Minister Vuong Dinh Hue, Chairman of the National Financial and Monetary Policy Advisory Council, chaired a meeting in Hanoi on September 28 to review monetary policy for the third quarter of 2018 and outline tasks for the coming time.
