VPBank reduces 1% interest rate for businesses in five priority fields (Photo: SGGP)

Commercial banks lower loan rates after SBV’s reduction

After the State Bank of Vietnam (SBV) decided to cut short term loan interest rates by 0.5 percent and management interest rates by 0.25 percent from July 10, commercial banks have started lowering their rates.
The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period. (Photo: vietcombank.com.vn)

SBV prepares bad debt settlement plan

The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.
 
Prime Minister Nguyen Xuan Phuc has urged the State Bank of Vietnam (SBV) to take more comprehensive and bold measures to boost credit growth and reduce interest rates. (Photo: VNS)

PM pushes SBV to achieve robust growth target

Prime Minister Nguyen Xuan Phuc has urged the State Bank of Vietnam (SBV) to take more comprehensive and bold measures to boost credit growth and reduce interest rates.
Headquarters of the State Bank of Vietnam in Hanoi (Photo: SBV)

Central bank mulls term deposits for foreigners

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Vietnam to make term deposits in both VND and foreign currencies.
US$2.1 billion remitted to HCMC in first half 2017

US$2.1 billion remitted to HCMC in first half 2017

The State Bank of Vietnam (SBV) in HCMC said that US$2.1 billion was remitted to HCMC via official channels in the first half this year, a year on year increase of 1 percent.
US dollar deposit rate increase will help banks attract foreign currency, according to experts (Photo: SGGP)

US dollar deposit rate should be increased: experts

The State Bank of Vietnam (SBV) should increase US dollar reward rates, kept at 0 percent for the last one year, to suit world market changes, attract foreign currency for economic development and prevent the source from running abroad.