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Bank loan interest rates down nearly 1 point this year

Bank loan interest rates down nearly 1 point this year

Banks’ average lending interest rate was 8.3% as of the end of June, down 0.96 percentage points for the year, according to the State Bank of Vietnam.
Central bank demands lending rate cuts, growth target to be met

Central bank demands lending rate cuts, growth target to be met

Central bank chief defends delay in credit growth cap hike in 2022

Central bank chief defends delay in credit growth cap hike in 2022

State Bank of Vietnam issues $410M worth of treasury bills

State Bank of Vietnam issues $410M worth of treasury bills

The State Bank of Vietnam on October 3 offered 28-day treasury bills (T-bills) worth VND10 trillion ($409.9 million) through the interest rate auction mechanism.
October 4, 2023 | 05:30 pm PT
Thai central bank unexpectedly raises key rate, cuts growth outlook for this year

Thai central bank unexpectedly raises key rate, cuts growth outlook for this year

Thailand's central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising global uncertainties.
September 27, 2023 | 12:29 am PT
Lender SCB restructuring plan submitted to government

Lender SCB restructuring plan submitted to government

The State Bank of Vietnam (SBV) has presented a restructuring plan to the government in hopes of receiving approval to restructure Saigon Commercial Bank (SCB).
September 18, 2023 | 06:11 pm PT
Interest rate cut contributes to supporting economic growth: economists

Interest rate cut contributes to supporting economic growth: economists

The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.
June 25, 2023 | 11:58 pm PT
Vietnam cuts interest rates again to spur growth

Vietnam cuts interest rates again to spur growth

Vietnam’s central bank said on Friday it was cutting its key interest rates by 50 basis points, its fourth policy rates adjustment this year, to support slowing economic growth amid global uncertainties.
June 15, 2023 | 10:46 pm PT
Central bank says interest rates to remain high for now, seeks businesses’ ‘understanding’

Central bank says interest rates to remain high for now, seeks businesses’ ‘understanding’

State Bank of Vietnam governor Nguyen Thi Hong said bank lending rates would be reduced at the appropriate time but remain high for now to achieve macro targets.
May 11, 2023 | 07:38 pm PT
Central bank buys $4.9B to pump up foreign exchange reserves

Central bank buys $4.9B to pump up foreign exchange reserves

The State Bank of Vietnam (SBV) has bought US$4.9 billion from commercial banks in the first four months to increase the national foreign exchange reserves.
May 5, 2023 | 02:30 am PT
Central bank gets go-ahead to sell four ailing lenders

Central bank gets go-ahead to sell four ailing lenders

The State Bank of Vietnam has got the green light from the government to sell off four ailing banks that are under “special control.”
May 3, 2023 | 08:53 pm PT
Vietnam central bank plans loan restructuring for struggling businesses

Vietnam central bank plans loan restructuring for struggling businesses

Vietnam's central bank will restructure loans for some businesses facing difficulties, including delaying loan repayments, the government said, as it seeks to shore up a slowing economy.
April 23, 2023 | 07:53 pm PT
Banks to get 0% interest loans during runs under proposed law changes

Banks to get 0% interest loans during runs under proposed law changes

Banks facing a risk of insolvency due to a run could receive interest-free loans from the central bank and other agencies if proposed changes to the laws are approved.
April 19, 2023 | 07:10 pm PT
Central bank seeks to reduce banks’ loans to their shareholders

Central bank seeks to reduce banks’ loans to their shareholders

The State Bank of Vietnam is seeking to reduce the amount banks can lend to their shareholders as part of efforts to prevent manipulation and reduce cross-ownership.
March 14, 2023 | 09:03 pm PT
Vietnam central bank buys dollars to shore up reserves after selloff

Vietnam central bank buys dollars to shore up reserves after selloff

Vietnam's central bank said on Tuesday it was making efforts to shore up foreign exchange reserves by buying up more U.S. dollars, after it was forced to sell a large amount of greenback earlier in the year to support its dong currency.
December 27, 2022 | 07:02 pm PT
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