rate

State Bank assigns credit growth target of 15% for banks

10:46 | 16/01/2024 Finance

VCN - The SBV said that sticking to the Resolution of the National Assembly, the direction of the Government and the Prime Minister, the SBV aims for credit growth in 2024 of about 15% and flexibly adjusts in accordance with actual developments and situat

Deputy PM’s conclusions on interest rate support package

15:46 | 22/08/2022 Finance

The Government Office has issued an announcement on Deputy Prime Minister Le Minh Khai’s conclusions at a meeting on interest rate support package in accordance with the Government’s Decree No.31/2022/ND-CP dated May 20.

From now until the end of the year, interest rates will face many upward pressures

16:16 | 30/06/2022 Import-Export

VCN - Recently, the US Federal Reserve (Fed) decided to increase interest rates by 0.75 percentage points, to 1.5-1.75%, to restrain inflation. This is the highest interest rate of the Fed since the outbreak of the Covid-19 pandemic in March 2020.

Shipping enterprises invest in expanding their fleets

20:46 | 08/10/2021 Import-Export

VCN - In the context of good growth, many enterprises have implemented plans to buy or rent ships to improve their operational capacity, rejuvenate their fleet, and anticipate the recovery of the shipping market after the pandemic.

Rising freight rates force exporters to increase orders at CIF prices to retain customers

09:59 | 26/08/2021 Import-Export

VCN - The constantly increasing international freight rates are forcing Vietnamese exporters to increase orders at CIF prices to retain customers.

Abundant liquidity, deposit interest rate continues to decline

16:04 | 11/08/2020 Import-Export

VCN - Deposit interest rate continued to be reduced in some banks, with a decrease of 20-50 basis points at all terms. Meanwhile, the interbank interest rate also continued to fall to a record low.

Firms advised to use derivative instruments to minimise exchange rate risks

19:52 | 03/10/2019 Finance

Experts suggested firms use more derivative instruments such as futures and forward contracts to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks starting early this month

Tax sector attempts to "hold" tax debt at lowest level

13:28 | 19/08/2019 Finance

VCN - Although the tax debt by the end of July decreased compared to the same period last year, it increased nearly 9 percent compared to the end of 2018.

Reference exchange rate up 7 VND at week’s beginning

18:31 | 04/03/2019 Finance

The State Bank of Vietnam set the daily reference exchange rate on March 4 at 22,930 VND per USD, up 7 VND from the last day of previous week (March 1).

Reference exchange rate down at week’s beginning

20:07 | 18/02/2019 Finance

The State Bank of Vietnam set the daily reference exchange rate at 22,913 VND per USD on February 18, down 2 VND from the last day of previous week (February 15).

USD/VND inter-bank exchange rate edges down

19:54 | 30/01/2019 Finance

The USD/VND inter-bank exchange rate posted a gradual slide and stood below a so-called exchange rate threshold during the first trading session of the week approaching Tet (Lunar New Year) holidays.

Creating a new rate for mobilizing interest

08:33 | 27/10/2018 Finance

In recent years, many banks, including large units, have raised their mobilizing interest rates.

Adjusting the exchange rate can lead to the risk of not keeping the target inflation

18:21 | 13/07/2018 Finance

VCN- Regarding the inflation in 2018, Dr. Nguyen Minh Phong - an economist said that in the context of inflation impacted by many factors, if the exchange rate continues to be adjusted, the risk of inflation may be higher than 4% (the target for 2018).

Insufficient information makes violation detection rate through risk management low

08:41 | 24/11/2017 Customs

VCN - The violation detection rate through risk management for import and export is still low (below 1%)

The deposit rate will increase at the end of the year

10:41 | 24/10/2017 Finance

VCN- The end of the year is usually the peak for banks to attract capital to provide credit. Therefore, the deposit interest rates are always in a state of "increase", may lead to interest rates also increased.