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Deposit rates fall to record low as credit growth crawls

Deposit rates fall to record low as credit growth crawls

Commercial banks have lowered their deposit interest rates to their lowest levels in years as the Covid-19 pandemic slows credit growth.
Central bank cuts rates yet again

Central bank cuts rates yet again

The State Bank of Vietnam has cut its policy rates for a fourth time this year as it seeks to pump-prime the economy amid the Covid-19 pandemic.
October 01, 2020 | 10:02 am GMT+7
Central bank cuts rates for 3rd time

Central bank cuts rates for 3rd time

Vietnam has cut its policy rates for a third time this year to boost lending amid slower credit growth due to the Covid-19 pandemic.
August 07, 2020 | 10:53 am GMT+7
Exchange rate likely to come under pressure in 2020: HSBC

Exchange rate likely to come under pressure in 2020: HSBC

Vietnam’s currency exchange rate might face pressures next year due to declining export growth, an HSBC official says.
December 21, 2019 | 09:00 am GMT+7
Central bank cuts compulsory reserve interest rates

Central bank cuts compulsory reserve interest rates

The State Bank of Vietnam (SBV) announced Monday it has lowered the interest rates on compulsory reserves at banks by 0.4 percentage points.
December 03, 2019 | 08:00 pm GMT+7
‘Big 4’ banks low on capital, could stop lending

‘Big 4’ banks low on capital, could stop lending

Vietnam’s four major state-owned banks might have to stop lending due to their low capital adequacy ratios, a central bank official has warned.
December 03, 2019 | 12:01 pm GMT+7
Vietnam tightens consumer loans

Vietnam tightens consumer loans

Vietnam has tightened rules on consumer loans, requiring a progressive decline in their ratio in the coming years.
November 25, 2019 | 04:51 pm GMT+7
Central bank lowers ceiling on short-term interest rates

Central bank lowers ceiling on short-term interest rates

The State Bank of Vietnam (SBV) has lowered the interest rate cap on 6-month dong deposits from 5.5 percent to 5 percent, effective Tuesday.
November 19, 2019 | 06:00 pm GMT+7
Central bank cuts interest rates by 0.25 percentage points

Central bank cuts interest rates by 0.25 percentage points

The State Bank of Vietnam announced Friday it would cut various interest rates to maintain macroeconomic stability, support economic growth and control inflation.
September 13, 2019 | 04:38 pm GMT+7
Central bank warns against high deposit rates

Central bank warns against high deposit rates

The central bank has threatened to sanction banks offering high interest rates on deposits fearing a race could destabilize the banking sector.
August 28, 2019 | 06:08 pm GMT+7
Central bank clamps down on corporate bond growth

Central bank clamps down on corporate bond growth

Vietnam's central bank has directed commercial banks to stop purchasing corporate bonds towards minimizing risks and tightening control over real estate sector borrowings.
August 24, 2019 | 10:00 am GMT+7
US adds Vietnam to currency manipulation watchlist

US adds Vietnam to currency manipulation watchlist

The U.S. Treasury has added Vietnam to a currency manipulation watchlist, citing the country's trade surplus with the U.S as a factor.
May 29, 2019 | 08:30 pm GMT+7
Trump says strong dollar hurting U.S. competitiveness

Trump says strong dollar hurting U.S. competitiveness

The U.S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States’ competitiveness.
March 03, 2019 | 10:33 am GMT+7
Court commutes central bank official’s imprisonment in Vietnam’s largest ever bank scam

Court commutes central bank official’s imprisonment in Vietnam’s largest ever bank scam

A HCMC appeals court has commuted the three-jail sentence handed to a former deputy head of the central bank to a suspended sentence.
December 11, 2018 | 11:51 am GMT+7
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