Monday, October 25, 2021 8:21:26 PM - Markets open
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Banking & Finance
The flow of overseas remittances to Ho Chi Minh City reached 5.1 billion USD in the first nine months of 2021, up 22 percent year on year, the State Bank of Vietnam’s Branch in the city has reported.   Full Article
Draft circular to prevent banks from hiding bad debts  19/10
The State Bank of Vietnam (SBV) expects new draft regulations on debt purchase and sale of credit institutions will prevent the institutions from hiding bad debts.
Reference exchange rate continues upward trend  13/10
The State Bank of Vietnam set the daily reference exchange rate at 23,181 VND/USD on October 13, up 7 VND from the previous day.
Vietnamese currency forecast to strengthen against US dollar in 2021  11/10
Fitch Solutions have revised its 2021 average forecast for the Vietnamese đồng to VNĐ22,900 per US dollar from VNĐ23,000 per US dollar previously and VNĐ22,800 per US dollar from VNĐ23,200 per US dollar in 2022 as the central bank tolerates a stronger đồng over the short term.
Central bank proposes new law on bad debt settlement  08/10
The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement.
PM orders accelerating public capital disbursement  06/10
The Government Office has issued the Notice No.262/TB-VPCP dated October 5, 2021 on the Prime Minister’s conclusions at the nationwide teleconference with ministries, centrally-run agencies and localities on stepping up the disbursement of public investment capital this year.
Deposit interest rate to stay low as banks keep borrowing costs down  05/10
Commercial banks' deposit interest rate has remained low at the beginning of October, the Vietnam News Agency reported.
Official: Vietnam could achieve trade balance this year  01/10
Vietnam could achieve trade balance, or even a trade surplus this year, deputy head of the Ministry of Industry and Trade’s Agency of Foreign Trade Tran Thanh Hai told a regular press conference of the ministry in Hanoi on September 30.
Businesses’deposits at banks surge : Is it good or bad ?  27/09
Data recently released by the State Bank of Việt Nam shows that deposits by corporate customers at banks have been increasing since the beginning of this year.
Reference exchange rate up 7 VND on September 23  23/09
The State Bank of Vietnam set the daily reference exchange rate at 23,139 VND/USD on September 23, up 7 VND from the previous day.
Finance Minister affirms State budget sufficiency  21/09
Finance Minister Hồ Đức Phớc has affirmed that the State budget is enough for expenditures planned by the National Assembly (NA) and the Prime Minister.
Reference exchange rate up 9 VND  17/09
The State Bank of Vietnam set the daily reference exchange rate at 23,119 VND/USD on September 17, up 9 VND from the previous day.
Reference exchange rate down 5 VND at week’s beginning  13/09
The State Bank of Vietnam set the daily reference exchange rate at 23,113 VND/USD on September 13, down 5 VND from the last working day of previous week (September 10). ​
Banks tighten loans for real estate businesses  11/09
The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.
State Bank agrees to extend debt rescheduling for six months  08/09
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