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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.
Central bank requires inspection to stabilise forex market

Central bank requires inspection to stabilise forex market

Compared to the beginning of October, the US dollar price listed at banks decreases by about VNĐ94, but it increases very strongly by VNĐ1,100 in the unofficial market.
VN plans green loan boost for eco-friendly projects

VN plans green loan boost for eco-friendly projects

A fixed 2 per cent annual interest rate subsidy is proposed for the private enterprises, business households and individuals on loans for green, circular economy and environmental – social – governance (ESG) projects, accroding a a draft decree by the...
Reference exchange rate falls further following Fed decision

Reference exchange rate falls further following Fed decision

The move came right after the US Federal Reserve (Fed) announced its first interest rate cut of this year.
SBVs intervention cools foreign exchange market

SBV’s intervention cools foreign exchange market

FDI and remittances will be two important drivers to help ease the exchange rate pressure in the fourth quarter.
SBV pushes rate cuts to support economic growth

SBV pushes rate cuts to support economic growth

At a conference held on Monday in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.
Interest rate cut requires a trade-off in foreign exchange rate

Interest rate cut requires a trade-off in foreign exchange rate

Phạm Chí Quang, Director of the State Bank of Vietnam (SBV)’s Monetary Policy Department, talks about the cause of the đồngdevaluation and forecasts the đồng in the second half of 2025.