Joint stock commercial bank for foreign trade of vietnam

Bangkok (VNA) - Thailand’s Kasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on April 9 after the Bank of Thailand (BoT) lowered the required contribution by banks to the Financial Institutions Development Fund (FIDF). The banks' new prime lending rates will take effect on April 10. KBank's minimum lending rate (MLR) will be reduced to 5.60 percent from 6 percent, the minimum overdraft rate (MOR) to 6.22 percent from 6.62 percent and the minimum retail rate (MRR) to 6.10 percent from 6.50 percent, KBank Co-President Predee Daochai said in a release. The bank's deposits rates will remain unchanged, he said. At the same time, SCB's new MLR will be reduced to 5.375 percent from 5.775 percent, MOR to 6.095 percent from 6.495 percent and MRR to 6.345 percent from 6.745 percent, said Chief Executive Arthid Nanthawitthaya. The latest rate reduction is aiming at alleviating the financial burden of the bank's retail and corporate … [Read more...] about Thai commercial banks cut lending rate to support firms

Three companies, Binh Thuan Agricultural Service Joint Stock Company (ABS), Vietnam Rubber Group (GVR) and Kien Giang Construction and Investment Consultancy Corporation (CKG), listed on HOSE during the month. … [Read more...] about Stock market has torrid time in March

Hanoi (VNA) - An article in the US-based magazine The Diplomat on April 8 highlighted Vietnam’s recent assistance to five European nations, saying it illustrates the “continued willingness to assist other countries on a bilateral and multilateral basis to the best of its abilities, even as the country continues to remain vigilant about managing its own challenge at home”.  … [Read more...] about Vietnam shows willingness to assist others in COVID-19 fight: The Diplomat

The U.S. Department of Health and Human Services contracted with FedEx Express to expedite delivery of the suits to the U.S. Strategic National Stockpile in order to address the urgent need for protective equipment for front-line providers responding to the COVID-19 pandemic in the U.S. … [Read more...] about Vietnam, U.S. cooperate to expedite delivery of protective suits for COVID-19 fight

The U.S. and Vietnamese governments have cooperated extensively in the COVID-19 fight.  Since the beginning of this crisis, the U.S. Centers for Disease Control and Prevention (CDC) and the United States Agency for International Development (USAID) have been collaborating with Vietnamese officials to monitor and respond to the evolving COVID-19 situation.  … [Read more...] about U.S. President thanks Vietnam for medical support as the first batch has just arrived in Taxas