The State Bank of Vietnam (SBV), on September 15 said that the average daily trading value of dong on the interbank market declined by VND3 billion to VND16.417 trillion, while that of dollar rose $69 million to $462 million, respectively. The State Bank of Vietnam (SBV), the country central bank, on September 15 said that [...]
In contrast to the government’s directive and the State Bank of Vietnam’s expectations, deposit rates and lending in dong were not reduced quickly, but kept stable at high in August. According to statistics from the Vietnam’s central bank, the dong deposit and lending rate flatform in August tended to be stable, in which interest rates [...]
On Sep 3, the government issued the resolution for its August regular meeting, in which the authority continued evaluating that lending rates of banks remain relatively high, and this is one of the difficulties in the socio-economic situation towards the end of the year. Previously, in resolutions of May, June, July, the government had requested [...]
By mid-August, deposit interest rates in dong at commercial banks have fallen 0.3 percent, while loan interest rates was down by 0.4 percent against June 30, 2010, the Vietnam Financial Times quoted the State Bank of Vietnam’s Governor Nguyen Van Giau as saying in his report yesterday September 2. Although interest rates were down from [...]
The Governor of the State Bank of Việt Nam (SBV) on August 25 issued Decision 2024/QÄ-NHNN to keep the prime interest rate unchanged at 8% per year for September, cleaning out all rumors over lower base rate. The Governor of the State Bank of Việt Nam (SBV) on August 25 issued Decision 2024/QÄ-NHNN to keep [...]
Several commercial banks have further cut lending interest rates by a half to a full percentage point to just 13 per cent per year in response to a call for lower rates from the Viet Nam Banking Association. Vietinbank, Vietcombank and Agribank were all reportedly preparing to further cut lending interest rates in a move [...]
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