The State Bank of Viet Nam (SBV) on Thursday announced its decision to cut the interest rate it pays on commercial banks' reserves by 0.2-0.5 percentage points as part of its efforts to help the economy weather the impact of the COVID-19 pandemic. … [Read more...] about Central bank cuts reserve interest rate to aid the economy
Vietnam bank for agriculture and rural development
Hà Nội spends over $2.4 billion on rural growth in five years
By the end of this year, Hà Nội aims to have Sơn Tây Town and six more districts meeting the criteria, while selecting Đan Phượngg and Hồng Vân communes to propel towards becoming model new-style rural areas. … [Read more...] about Hà Nội spends over $2.4 billion on rural growth in five years
VN central bank cuts reserve interest rate to aid the economy
The State Bank of Viet Nam (SBV) on Thursday announced its decision to cut the interest rate it pays on commercial banks' reserves by 0.2-0.5 percentage points as part of its efforts to help the economy weather the impact of the COVID-19 pandemic. … [Read more...] about VN central bank cuts reserve interest rate to aid the economy
State Bank of Vietnam cuts some interest rates
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
Saigonese sowing seeds of sustainable agriculture in concrete jungle
“Seeds after a crop should be passed down from one person to another to extend [the breed’s] longevity as long as possible. Each person who uses a plant’s seeds can then continue that plant’s tradition by sending five of its seeds to others. This is a step toward creating sustainable agriculture,” Thu explained. … [Read more...] about Saigonese sowing seeds of sustainable agriculture in concrete jungle
