Banks cut short-term deposit interest rates Business

Banks cut short-term deposit interest rates

After two weeks of lowering lending interest rates for short-term VND loans following the State Bank of Vietnam (SBV)’s cue, several commercial banks have reduced their deposit interest rates.
Moody’s upgrades VIB credit rating outlook Business

Moody’s upgrades VIB credit rating outlook

Moody’s Investors Service, one of the world’s leading credit ratings agencies, has upgraded the credit rating outlook of Vietnam International Bank (VIB)’s local currency deposits and issuer ratings to “positive”, from its previous level of "stable".
Banking leads market to 9-year high Business

Banking leads market to 9-year high

Vietnamese shares extended gains on September 28, driven by the banking sector on expectations that lower short-term deposit rates would boost lending for the economy and local businesses.
Credit grows by 6.09 percent in first half of 2015 Business

Credit grows by 6.09 percent in first half of 2015

Vietnam recorded a credit growth rate of 6.09 percent by June 18 compared to the end of 2014 and 18.98 percent from the same period last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.