Accordingly, the interest rate of compulsory reserves in VND at banks will be 0.5 percent per annum, and the interest rate on dong deposits from banks that exceed the minimum 3 percent requirement will be zero percent per annum, down 0.5 percent compared to the rates stipulated in a decision on March 16 this year. Meanwhile, the interest rate for deposits in VND by the Vietnam Development Bank (VDB) and Vietnam Bank for Social Policies (VBSP), both state-owned banks; People's Credit Funds and microfinance institutions will be reduced by 0.2 percent to 0.8 percent per annum. The interest rate for deposits of the State Treasury, and the Deposit Insurance of Vietnam with the SBV is revised down to 0.8 percent per annum, down 0.2 percent. The SBV said the adjustment was made based on macro-economic developments and the level of interest rates in the market. … [Read more...] about State Bank of Vietnam cuts some interest rates
Closest state farm
In late 2017, ThaiBev, through Vietnam Beverage, spent $5 billion to acquire 53.6 percent of Sabeco shares and became the holding company of the largest brewer in Vietnam. In late 2017, ThaiBev, through Vietnam Beverage, spent $5 billion to acquire 53.6 percent of Sabeco shares and became the holding company of the largest brewer in Vietnam. … [Read more...] about Who will buy the state’s remaining 36% of shares in Sabeco?
Great talk w/@SecPompeo as US-VN celebrating #VietNamUSA25, affirmed that during #VietNamInUNSC & #ASEAN2020VN Viet Nam will continue to work w/ the US & partners in addressing common challenges, contributing to maintaining peace/stability/security/dev't in the region & the world. https://t.co/GZwesvRtWt … [Read more...] about Foreign minister Phạm Bình Minh talks with US Secretary of State Mike Pompeo
Senior Lieutenant General Le Huu Duc, MB’s Board of Directors, expressed his gratitude to the Ministry of National Defense and the Vietnam State Treasury for great support for the bank. MB also vowed to improve its infrastructure and technological network to meet all requirements of the Ministry of Finance and the Vietnam State Treasury, ensuring benefits for customers. … [Read more...] about Vietnam State Treasury and MB sign cooperation agreement
But experts have said the lower policy rates have not had a major impact on the economy since businesses have trouble accessing bank credit not due to high interest rates but because they could not prove their repayment capability amid the uncertainties caused by the pandemic. … [Read more...] about Central bank cuts rates for 3rd time