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Interest support scheme proposes to encourage investment in technology innovation

Interest support scheme proposes to encourage investment in technology innovation

Enterprises would receive State support covering 50 per cent of interest payments on commercial loans used for technology application, transfer and innovation projects, capped at 6 per cent a year for up to five years.
Central bank warns public over foreign exchange trading risks

Central bank warns public over foreign exchange trading risks

It warned against buying, selling or exchanging foreign currency between individuals or through unlicensed organisations because of counterfeit currency risks and legal violations.
Banks split on lending rate adjustments in May

Banks split on lending rate adjustments in May

Twenty banks had disclosed their average lending rates for May as of June 21 with six reducing average lending rates and the remaining raising them, according to data released by the State Bank of Vietnam (SBV).
Currency holds steady despite mounting pressures

Currency holds steady despite mounting pressures

Exchange-rate stability has emerged as one of Việt Nam’s macroeconomic bright spots this year, despite mounting pressure from a record trade deficit and an uncertain global outlook.
PM approves programme to promote the development of supporting industry

PM approves programme to promote the development of supporting industry

The programme emphasises linking development of the supporting industry with innovation, technology, digital transformation and greater participation in regional and global supply chains.
Central bank steps up inspections as some banks raise deposit rates

Central bank steps up inspections as some banks raise deposit rates

The State Bank of Vietnam has kept key policy rates unchanged to ensure banks could access central bank funding at relatively low cost.
Banks cut rates following SBVs call

Banks cut rates following SBV’s call

Vietcombank also cut rates by 0.5 percentage points for 24-month deposits, bringing its highest rate down to 6 per cent.
Banks pledge to reduce lending rates after central bank meeting

Banks pledge to reduce lending rates after central bank meeting

Commercial banks have committed to lower deposit and lending rates to support economic growth and manage inflation risks at the meeting with Governor of the State Bank of Việt Nam Phạm Đức Ấn on April 9.
Derivative instruments help firms mitigate forex risk

Derivative instruments help firms mitigate forex risk

In the domestic market, the foreign exchange market is under direct pressure from the upward trend of the international market.
State Bank moves to keep interest rates stable

State Bank moves to keep interest rates stable

Banks must continue publicly disclosing average lending rates, the spread between deposit and lending rates, and interest rates of credit schemes and packages on their websites, making it easier for individuals and firms to access capital.
Tết car rental prices surge nationwide

Tết car rental prices surge nationwide

With economic difficulties discouraging car purchases this year, many people still want a vehicle for holiday travel, pushing demand higher than usual.
US dollar drops sharply on unofficial market

US dollar drops sharply on unofficial market

Since the beginning of December, the dollar on the unofficial market has fallen by more than VNĐ700 per dollar. Compared to its peak of VNĐ28,000 in mid-November, the rate decreased by more than VNĐ900, or 2.5 percentage points.
State Bank adopts proactive policy to stabilise forex market

State Bank adopts proactive policy to stabilise forex market

As global financial fluctuations have put significant pressure on the monetary market this year, the State Bank of Việt Nam has adopted a flexible and proactive monetary policy to maintain stability. Director of the Monetary Policy Department Phạm Chí Quang...
Draft decree on 2 per cent rate subsidy for green projects to be submitted this week

Draft decree on 2 per cent rate subsidy for green projects to be submitted this week

The State Bank of Việt Nam (SBV) is finalising a draft decree guiding the provision of 2 per cent annual interest rate subsidies for loans financing projects that comply with green, circular economy and environmental, social and governance (ESG) requirements....
Authorities tighten crackdown on illegal forex trading points

Authorities tighten crackdown on illegal forex trading points

The central bank requested its branches in Region I and Region II to coordinate with police forces to identify and shut down unauthorised money-changing locations.