Ratings of Vietnamese banks are expected to be continually improved thanks to Việt Nam’s positive sovereign credit rating. Full Article
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Reference exchange rate down 20 VND 18/05
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,140 VND/USD on May 18, down 20 VND from the previous day.
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Reference exchange rate down 3 VND at week’s beginning 16/05
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,160 VND/USD on May 16, down 3 VND from the last working day of previous week (May 13).
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Reference exchange rate down 2 VND 11/05
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,141 VND/USD on May 11, down 2 VND from the previous day.
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Banks plan to increase charter capital to 2.8 billion USD in 2022 09/05
The capitalisation of Vietnam’s banking sector is expected to increase by nearly 2.8 billion USD this year.
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Reference exchange rate stays stable 05/05
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,128 VND/USD on May 5, unchanged from the previous day.
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Reference exchange rate down 12 VND after holidays 04/05
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,128 VND/USD on May 4, down 12 VND from the rate on the last working day before the four-day national holiday (April 29).
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Reference exchange rate stays unchanged on April 29 29/04
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,140 VND/USD on April 29, unchanged from the previous day.
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Commercial banks tighten real estate lending 13/04
Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Việt Nam (SBV)'s policy on controlling credit growth in risky areas.
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Fitch rates Vietnam at “BB”, with positive outlook 29/03
Fitch Ratings has affirmed Vietnam’s long-term foreign-currency issuer default rating (IDR) at “BB” with a positive outlook.
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Vietnam's financial strategy aims at sustainable development 23/03
Vietnam's strategic financial objectives in the 2021-30 period aim to reach a balance between achieving sustainable finance and major socio-economic developmental goals.
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Pilot resolution on bad debt settlement proposed to be extended until 2025 15/03
The State Bank of Việt Nam (SBV) has proposed to continually handle bad debts of credit institutions based on the provisions of pilot Resolution 42/2017/QH14 until 2025 instead of this year.
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Vietnamese gold prices reach historic high 23/02
Gold prices have climbed to a historic peak in Việt Nam, reaching nearly VNĐ64 million (US$2,782) per tael, as international prices hit a near nine-month high after Russia ordered troops into breakaway regions of eastern Ukraine.
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Vietnam has highest gold demand in Southeast Asia 18/02
Vietnam has the highest demand for gold in Southeast Asia, Andrew Naylor, Regional CEO, Asia-Pacific (excluding China) and Public Policy of the World Gold Council, said during a recent virtual workshop on the Vietnamese gold market.
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Experts suggest banks not be involved in economic recovery packages to avoid bad debts 17/02
Though enterprises and individuals need the Government’s large economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid bad debt risks, experts suggest.
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