People pour money into banks despite interest rate cut Business

People pour money into banks despite interest rate cut

The State Bank of Vietnam has been taking measures to support economic growth, including a 0.25% cut to the ceiling interest rate, prompting many banks to lower their saving rates. Still, many people with idle money are depositing in banks.
Covered warrants launched Business

Covered warrants launched

The State Securities Commission (SSC) has so far licensed16 securities companies to sell 28.9 million covered warrants with a maximum value of 104 billion VND (4.5 million USD).
Bank liquidity abundant after Tet Business

Bank liquidity abundant after Tet

Liquidity of the banking system has been plentiful again after the Lunar New Year (Tet), helping the central bank net withdraw more than 51.55 trillion VND (2.2 billion USD) in the past week.
Vietnam needs a better Government bond market Business

Vietnam needs a better Government bond market

In recent years, the Government bond market has become an important capital mobilisation channel for Vietnam. However, the scale of the country’s bond market is modest compared to national economic scale and to other regional countries.
2018 monetary market: a year of success Business

2018 monetary market: a year of success

In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.
Ba Ria - Vung Tau supports new startups Business

Ba Ria - Vung Tau supports new startups

The People’s Committee of Ba Ria – Vung Tau is working with the non-profit Startup Vietnam Foundation (SVF) to support new business and boost economic growth in the province.