State Bank of Vietnam faces pressure on exchange rate

Sài gòn đầu tư | 25/07/2022 1:44:46 PM

The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate, such as net withdrawal of hundreds of billions of dongs through the treasury bill channels, selling of foreign currency from reserves, and in adjusting the US dollar selling price.

Banks upbeat about Q3 2022 business results

Vietnamnews | 19/07/2022 4:24:52 PM

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Việt Nam (SBV)’s latest survey on business trends of credit institutions showed.

State Bank of Vietnam considering online loan facility

Sài gòn đầu tư | 19/07/2022 9:45:42 AM

The State Bank of Vietnam has plans to offer e-lending facilities and has recently made amendments to a draft for Circular 39/2016/TT-NHNN for the supplementing of a number of articles in it. This will pave the way for commercial banks to compete with several booming online lending platforms in the market today.

Central Banks concerned about rising inflation

Sài gòn đầu tư | 15/07/2022 2:12:45 PM

At the annual meeting of the European Central Banks (ECB) held at the end of June, leaders of the US, U.K., and ECB Central Banks expressed their views on the need to act quickly to tackle rising inflation. This could also be another way to say they want to continue to raise interest rates in coming months.

Shares slide on worries over market rumours

Vietnamnews | 12/07/2022 4:07:10 PM

Vietnamese shares started the week lower, gripped by investor concerns over recent rumours about bans on a high-profile corporate leader, fuelling a sell-off focusing on large-cap stocks.

Banks to have credit expansion at end-Q3 2022

Vietnamnews | 07/07/2022 2:26:15 PM

Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation.