US Treasury Department recognises Vietnam’s progress in addressing currency-related concerns

Vietnamplus | 13/06/2022 4:56:51 PM

The US Department of the Treasury has recognised the progress made by Vietnam in its recently released report on macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Vietnam (SBV) said on June 13.

Banks’ asset quality to remain safe thanks to large reserve buffers

Vietnamnews | 10/06/2022 2:31:29 PM

Despite difficulties due to high inflation, declining net interest income (NIM) and rising bad debts, analysts say Vietnamese banks can overcome risks related asset quality thanks to their large reserve buffers and tight control in lending highly risky areas.

Reference exchange rate up 3 VND on June 10

Vietnamplus | 10/06/2022 2:28:48 PM

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,065 VND/USD on June 10, up 3 VND from the previous day.

Reference exchange rate down 7 VND at week’s beginning

Vietnamplus | 06/06/2022 4:46:23 PM

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,062 VND/USD on June 6, down 7 VND from the last working day of the previous week (June 3).

Banks told to rollout low-interest businesses loans

Vietnamplus | 30/05/2022 9:53:52 AM

Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.

Vietnamese banks expected to get better credit ratings

Vietnamnews | 20/05/2022 3:58:27 PM

Ratings of Vietnamese banks are expected to be continually improved thanks to Việt Nam’s positive sovereign credit rating.