Finance

PM asks for enhanced efficiency in managing monetary, fiscal policies

The Prime Minister directed the State Bank of Vietnam to work with relevant agencies to monitor global and domestic economic trends and manage...

Policy tools in play as exchange rate rises

As the VND hits record lows against the USD, Vietnam’s central bank is stepping up liquidity management and signalling readiness for stronger...

Interest rates on downward trajectory

Persistently low volumes in collateralised open market operations lending, and the central bank’s steady net withdrawals, have underscored a surplus...

Banks end magnetic cards, require biometrics for firms from July 1

From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve...

Platforms to help online sellers pay taxes from July 1

Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing...

Amended Law on Credit Institution is positive for banks, say analysts

The National Assembly last Friday approved revisions to the 2024 Credit Institution Law, significantly strengthening banks’ ability to recover bad...

Central bank resumes issuing bills after four months of suspension

Four commercial banks won the SBV’s bid for VNĐ3.1 trillion worth of bills with a term of seven days and an interest rate of 3.5 per cent per year.

SBV authorised to grant zero-interest, collateral-free special loans

Special loans from the State budget should only be provided when credit institutions face liquidity difficulties or to facilitate compulsory recovery...

$13.4 billion lent through annual HCM City bank-business connection programme

Nearly VNĐ350 trillion (US$13.38 billion) was disbursed through the HCM City’s annual bank–business linkage programme in the first half of this year...

New policy on dividend payment of State-owned credit institutions issued

The Government has issued new regulations on payment of dividends by credit institutions in which the State holds 50 per cent or more of charter...





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