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Friday, October 23, 2020
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CATEGORY

Financial Markets

Deposit rates seen dropping further at year-end

HCMC – Many lenders have continued slashing the deposit rates applied for individual customers in the wake of the third policy rate cut announced...

Millions of unused bank cards may be eliminated

HCMC – Banks will have to withdraw, eliminate or invalidate bank accounts that have been unused, have expired or are lying inactive for a...

Local banks continue cutting deposit rates

HCMC – After the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates, local commercial banks have also slashed deposit rates,...

SBV enhances efforts to slash interest rates to support Covid-19-hit firms

HCMC – Due to the impact of Covid-19, from now until the end of the year, the State Bank of Vietnam (SBV) is considering...

Individual investors wary of corporate bonds

HCMC – After warnings from the Ministry of Finance over the corporate bond market, individual investors have become more cautious, leading to a 41.1%...

Exchange rate seen stable this year

HCMC - The exchange rate between the U.S. dollar and the Vietnamese dong is forecast to move in a range of VND23,288 and VND23,515...

Major banks continue deposit rate cuts

HCMC – Many large commercial banks have continued lowering deposit rates for various tenors aimed at reducing lending rates to support businesses and residents...

Banks struggle to raise capital amid Covid-19

HCMC – In light of the unpredictable developments relating to the Covid-19 pandemic, many banks in Vietnam are attempting to raise capital but most...

Eximbank in disarray ahead of second shareholder meeting

HCMC - Sumitomo Mitsui Banking Corporation (SMBC), a majority shareholder of Vietnam Export Import Bank (Eximbank), has requested the bank to convene an extraordinary...

Saving rates continue downward spiral

HCMC – Following deposit rate cuts early this month for tenors from six months onward, many local banks have continued to lower rates for...

Latest news

CAAV proposes withdrawing BlueSky’s aviation business license

HCMC – The Civil Aviation Authority of Vietnam (CAAV) has written to the Ministry of Transport proposing it cancel the general aviation business license...

HCMC, Hanoi asked to make wearing face masks in public mandatory

HCMC – The prime minister has instructed localities to continue adopting Covid-19 infection prevention and control measures and ordered Hanoi and HCMC authorities to...

Vietnam to receive ultra-large container vessel

HCMC – The 214,121-DWT Margrethe Maersk, one of the world’s largest container ships, is set to arrive at the Cai Mep International Terminal in...

Hundred firefighters tackle fire at Binh Duong-based company

HCMC – Around 100 firefighters and a dozen fire trucks were mobilized to extinguish a blaze that broke out at a waste facility of...

Ministry confirms three more imported Covid-19 cases

HCMC – The Ministry of Health has confirmed three new Covid-19 patients who were quarantined after returning to Vietnam from Angola on October 20,...
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