Customs creates maximum facilitation for agricultural exports Goods imported from export processing enterprises must pay tax Saigontex 2023 attracts over 1,300 domestic, foreign businesses
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

14:47 | 04/04/2023 Finance

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

14:42 | 04/04/2023 Finance

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

17:43 | 02/04/2023 Finance

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Need to effectively use tools to prevent exchange rate risks in import and export field

Need to effectively use tools to prevent exchange rate risks in import and export field

10:32 | 02/04/2023 Import-Export

VCN - The exchange rate pressure in 2023 is expected to be weaker than last year, especially in the context of tightening monetary policies reaching the final phase. However, fluctuations in the economy and financial markets are still very unpredictable,
Central bank must keep a close on financial market: WB

Central bank must keep a close on financial market: WB

15:37 | 17/03/2023 Finance

The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB).
Loan interest rates are gradually "cooling down"

Loan interest rates are gradually "cooling down"

17:38 | 01/03/2023 Finance

VCN - Along with the cooling trend of deposit rates, some banks have announced credit packages to support lending rates.
Profits in the fourth quarter of 2022 of many banks “go backwards”

Profits in the fourth quarter of 2022 of many banks “go backwards”

14:42 | 23/02/2023 Import-Export

VCN - The bank explained that income from the government bond business decreased in 2022 due to fluctuations in market interest rates.
Bank race to attract demand deposits cools down

Bank race to attract demand deposits cools down

17:11 | 22/02/2023 Finance

The race to lure demand deposits, or current account savings account (CASA), among banks seems to be decelerating as it is more difficult for them to attract the cheap capital source in the context of high interest rates on term savings.
Standard Chartered named Best Foreign Bank in Vietnam

Standard Chartered named Best Foreign Bank in Vietnam

17:21 | 18/02/2023 Finance

Standard Chartered Bank Vietnam has been named the “Best Foreign Bank in Vietnam” in 2022 for the second consecutive year and Best Digital Bank 2022 by Global Business Review.
Credit growth projected to reach 14-15% in 2023

Credit growth projected to reach 14-15% in 2023

15:40 | 17/02/2023 Finance

The State Bank of Vietnam (SBV) has expected credit growth to hit 14-15% this year, leaving a possibility that it might adjust the orientation to suit the actual business situation and developments.
Solve the exchange rate problem, ensure harmony for import and export policies

Solve the exchange rate problem, ensure harmony for import and export policies

09:45 | 13/02/2023 Import-Export

VCN - Vietnam's currency, although under a lot of pressure from global economic and political uncertainties, is still among the least depreciated group compared to the region and the world. This continues to pose a problem of exchange rate management in 2
Keeping the exchange rate stable to control inflation and lower interest rates

Keeping the exchange rate stable to control inflation and lower interest rates

09:44 | 13/02/2023 Finance

VCN - In an interview with Customs News, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance, Academy of Finance, said that with the gradual reduction of inflation pressure, the world USD index in a downward trend will help the do
Banks continuously reported profits up to billions of USD

Banks continuously reported profits up to billions of USD

11:35 | 10/02/2023 Finance

VCN - Up to now, 26 banks have announced their business results and financial statements for 2022, of which six have achieved pre-tax profit of more than VND20,000 billion.
Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

15:59 | 31/01/2023 Finance

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.
Banks are concerned that credit risk will increase slightly in 2023

Banks are concerned that credit risk will increase slightly in 2023

13:27 | 30/01/2023 Finance

VCN - Credit balance of the whole credit institution system is expected to increase by 4% on average in the first quarter of 2023 and by 13.7% in 2023, adjusted down by 1.9 percentage points compared to the expectation in the previous survey period.
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