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Vietnam monetary policy to persist with interest rate reduction
The State Bank of Vietnam (SBV) will continue with its interest rate reduction policy despite the possibility of other rate hikes by the U.S. Federal Reserve.
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Vietnam’s central bank may deliver one more 50bp rate cut in Q3 2023: HSBC
The State Bank of Vietnam is expected to lower 50bp rate interest cut in third quarter of 2023, according to HSBC analysts.
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16/06/2023 - 12:52Vietnam's Central Bank cuts policy rate for fourth time
The move, effective from Monday (June.19), is the State Bank of Vietnam's fourth round of rate cuts since early 2023 to take an expansionary stance to support economic growth.
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08/06/2023 - 10:27Listed companies expected to recover in second half of 2023
The profits of listed companies are expected to recover in the second half of the year after performing poorly in the first quarter, buoyed by the recent supportive policies from the Government.
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07/06/2023 - 12:30Low interest rates boost stock, real estate markets.
Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets.
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02/06/2023 - 13:57Most of banks lowers 6-month deposit rate to below 8% per year
Almost all Vietnamese banks have cut six-month deposit interest rates to less than 8% annually.
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30/05/2023 - 13:48Banks lower deposit rates to under 8.5%
In response to the central bank’s instruction, local commercial banks lowered deposit interest rates to below 8.5% for maturities of 12 months or less.
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26/05/2023 - 14:58Deputy PM calls for faster disbursement of social housing credit ...
Deputy PM has asked MoC, SBV, the Office of the Government to take measures to accelerate the implementation of a credit package worth VND120 trillion for the development of social housing projects.
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24/05/2023 - 14:49Vietnam cuts interest rates again as economic growth slows
Vietnam's central bank announced on Tuesday it will cut its refinance rate by another 50 basis points to 5.0% to prop up the slowing economy.
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24/05/2023 - 13:21Banks cut interest rates to support economic recovery
Several banks have lowered lending interest rates to support economic growth in the second quarter of this year.
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22/05/2023 - 23:00Rare wind power firm reports profit in 2022
Phong Lieu Wind Power JSC reported profit of over VND124 billion ($5.28 million) in 2022, up 168% year-on-year, while the same industry firms saw continued losses.
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19/05/2023 - 21:00State-owned banks continue cutting deposit interest rates
Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.
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19/05/2023 - 08:00Fears of global downturn grow over banking turmoil, higher rates
Turmoil in the financial system, from the collapse of Silicon Valley Bank to heavy debts in China's property sector, is fueling concerns of a global downturn even as some economic conditions improve.
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18/05/2023 - 21:30Vietnamese banks reduce interest rates below 8.8%
Domestic banks in Vietnam have reduced their deposit interest rates to below 8.8% for all terms of 12 months or less in line with the central bank’s instructions.
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12/05/2023 - 15:56Preferential lending interest rate for social housing buyers set at 4.8% per ...
The preferential lending interest rate for social housing purchase and lease purchase, new construction and house repair will be 4.8% per year from May 10, 2023 to December 31, 2024.
