Credit growth likely to hit 14 percent in 2021: SBV Deputy Governor

VietNamPlus | 29/12/2021 4:30:52 PM

Credit growth has reached 12.97 percent so far and is likely to hit 14 percent this year, Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said in a press conference on the SBV's governance of monetary policies and banking operation on December 28.

Banks boost sales of mortgaged real estate to recover bad debts

VietNamPlus | 29/12/2021 4:30:01 PM

Many banks have recently offered to sell mortgaged assets, mainly real estate, worth billions of VND, to recover debts amid the recovery of the realty market.

A tael of gold in Việt Nam worth $500 more than world prices

Vietnam News | 25/12/2021 3:09:46 PM

Gold prices in Việt Nam are much higher than international prices, driven by a supply-demand imbalance and price manipulation. A tael (37.5g) of gold in Việt Nam is about US$500 more than in the rest of the world.

Banking profit: positive but unsustainable at present

Vietnam News | 23/12/2021 3:28:02 PM

The new year is coming with both optimism and uncertainty about the new variant Omicron and its impacts on the economy. The banking sector is among a few bright spots in Việt Nam’s economy this year with positive business results. However, the question is whether these results are sustainable amid the complex development of the pandemic. Vietnam News Agency talks to Dr. Nguyễn Quốc Hùng, general secretary of the Việt Nam Banks Association, about the prospects of the banking sector in 2022.

Vietnam foreign exchange reserves stable

Saigondautu | 22/12/2021 11:32:00 AM

Over the last few years, foreign exchange reserves in Vietnam have continually and steadily been increasing. This source has now become a stable buffer for the State Bank of Vietnam (SBV) to manage the exchange rate, especially during the last two crucial years under the ongoing Covid-19 pandemic.

Reference exchange rate down 13 VND at week’s beginning

VietNamPlus | 20/12/2021 4:04:22 PM

The State Bank of Vietnam set the daily reference exchange rate at 23,184 VND/USD on December 20, down 13 VND from the last working day of the previous week.