Commercial banks lower interest rates

Commercial banks lower interest rates

After the State Bank of Vietnam decided to lower the ceiling interest rates on loans and deposits in Vietnamese dong from November 19, a slew of commercial banks have started reducing interest rates.
Reference exchange rate up on September 17

Reference exchange rate up on September 17

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 2 VND3,135 per USD on September 17, up VND5 from the previous day (September 16).
Remittances to HCMC reach US$3.45 billion in eight months

Remittances to HCMC reach US$3.45 billion in eight months

According to the State Bank of Vietnam – Ho Chi Minh City Branch, overseas remittances to the city were estimated to reach US$3.45 billion in the first eight months of this year and are expected to exceed $5 billion this year.
US dollar exchange rate hits new record

US dollar exchange rate hits new record

The State Bank of Vietnam on September 3 listed the reference exchange rate at VND23,139 per dollar, an increase of VND6 per dollar over the last weekend, the highest level since the beginning of this year.
A majority of credit institutions in the country expect an upward trend in their business in 2019. (Photo: VNA)

Banks expected to maintain good performance in 2019

A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Vietnam (SBV) survey released recently.