Central bank exchange rates

Mr. Nguyen Hoang Minh, deputy director of SBV in HCMC said that HCMC’s credit growth approximated 10 percent at the end of June compared to last yearend. Banks’ interest rate cut will boost credit growth in the second quarter so it might reach 18 percent at the end of 2017. … [Read more...] about Commercial banks lower loan rates after SBV’s reduction

The Ministry of Agriculture and Rural Development has been assigned to focus on implementation of solutions to ensure 3.05 percent growth rate and $33-34 billion agricultural export value. The Ministry of Culture, Sports and Tourism should get the target of 13 million international visitors. … [Read more...] about Gov’t requires SBV to further slash loan interest rate this year

A street with very few people in Ha Noi on April 2. The social-distancing order, starting on April 1, will end in 10 days but it remains uncertain whether local businesses can stand as the coronavirus pandemic is clearly weakening market demand. — VNA/VNS Photo Minh Quyet … [Read more...] about Shares not ready for stable growth on concerns over persistent risks

Credit institutions should abide by reward interest rates stipulated at Circular 06 issued in 2014 and Decision 2589 in 2015 of the Governor, not apply technical measures to increase ceiling rates. They are banned from unhealthy competition in capital mobilization. … [Read more...] about SBV Governor requires close control over credit in foreign currencies

However SBV’s representative said that hi-tech agriculture is a new unprecedented development direction in Vietnam’s agricultural industry. Therefore, projects’ implementation faces many risks while there is a shortage of risk prevention tools. … [Read more...] about SBV reports difficulties in hi-tech agriculture loaning program