Banks’ liquidity abundant ahead of Tet Business

Banks’ liquidity abundant ahead of Tet

Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.
Central bank unveils monetary policy for second half of 2019 Business

Central bank unveils monetary policy for second half of 2019

The State Bank of Vietnam (SBV) will continue to follow a pro-active, flexible and cautious monetary policy as well as working in close conjunction with fiscal and other policies to control inflation, sustain the macro-economy and support economic growth in the second half of this year.
Interest rate caps not needed: experts Business

Interest rate caps not needed: experts

The State Bank of Vietnam should consider developing a roadmap to remove regulations on credit growth limits and interest rate caps as it isn’t suitable due to the country’s achievements in stabilising the nation’s economy, according to experts.
OMO rates cut to support growth Business

OMO rates cut to support growth

The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years.
Interest rate under pressure to stay steady Business

Interest rate under pressure to stay steady

The State Bank of Vietnam has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures.
 SBV honours GIZ Vietnam leaders and managers Business

SBV honours GIZ Vietnam leaders and managers

The State Bank of Vietnam (SVB) has awarded a certificate of merit and commemorative medals to Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH Vietnam leaders and managers.
Inter-bank rates hit record low Business

Inter-bank rates hit record low

Following the continuous decline over the past weeks, inter-bank rates across all tenors hit a record low, staying at below 1 percent per year.
Domestic demand drives slow growth: HSBC Business

Domestic demand drives slow growth: HSBC

Vietnam's growth, though not stellar, is continuing, as latest high-frequency indicators suggest domestic demand is rebounding, albeit at a gradual pace, according to HSBC's Asian Economics quarterly report.
Business

Capital flows to government bonds

The English language news website VietNamNet Bridge on April 18 reported that banks have had to inject their money into government bonds as credit gets stuck.
Business

Vietnam opens up to world credit ratings

National agencies will provide more information to international credit rating bodies to ensure accurate representations of Vietnam's economic wellbeing, after Prime Minister Nguyen Tan Dung signed off on a new decision 61/2013/QD-TTg.
Banks in a rush to clear bad loans Business

Banks in a rush to clear bad loans

Around 10 credit institutions are queuing up to sell their non-performing loans to the Vietnam Asset Management Company (VAMC), in an attempt to shore up their balance sheets
Business

Bank deposit interest rates surge

The deposit interest rate at some commercial banks has significantly exceeded the State Bank of Vietnam's cap and has hit 19 percent per year.

While banks are officially quoting the same 14 percent interest rate for dong deposits, credit officials have been offering depositors between 16-19 percent per year.
Business

Commercial banks now cashed up

Commercial bank liquidity has improved dramatically since the State Bank of Vietnam injected a heavy volume of capital at reasonable interest rates into the Open Market Operation, OMO, in July.