Thanks to timely intervention, the domestic exchange rate has enough room for flexible developments

Thanks to timely intervention, the domestic exchange rate has enough room for flexible developments

Right after the early- months, the exchange rate has increased by 4.6%, a 3.4 % increase compared to the devaluation of the whole year 2022.
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.
Capital flow "hits the target" for businesses to recover

Capital flow "hits the target" for businesses to recover

VCN - Most economic forecasts for 2024 continue to contain many "gray" tones, so one of the Government's orientations is to direct credit flows to production and business sectors, Priority areas and growth drivers. However, in order to stimulate credit fl
The Government clearly stipulates the responsibilities of each agency in preventing and combating counterfeit money

The Government clearly stipulates the responsibilities of each agency in preventing and combating counterfeit money

VCN - The Government signed and promulgated Decree No.87/2023/ND-CP regulating the prevention and combat of counterfeit money and the protection of Vietnamese currency (Decree 87). The Decree takes effect from February 2, 2024.
State Bank of Vietnam issues 409.9 million USD worth of T-bills

State Bank of Vietnam issues 409.9 million USD worth of T-bills

The State Bank of Vietnam on October 3 offered 28-day treasury bills (T-bills) worth 10 trillion VND (409.9 million USD) through the interest rate auction mechanism.
Facilitate enterprises to access foreign capital

Facilitate enterprises to access foreign capital

VCN - Regulations on conditions for foreign loans not guaranteed by the Government have been in effect for a few days, thereby removing obstacles for businesses in borrowing capital from abroad and being more consistent with international practices.
State bank issues circular to step up anti-money laundering efforts

State bank issues circular to step up anti-money laundering efforts

The State Bank of Vietnam (SBV) has issued a circular guiding certain provisions of the Law on Money Laundering Prevention and Control.
Establishing a trend of decreasing interest rates for the market

Establishing a trend of decreasing interest rates for the market

VCN - The State Bank of Vietnam (SBV) has decided to further reduce some operating interest rates for the fourth time this year since June 19. This move is considered by experts to be strong and appropriate in the current context.
Harmonious point for monetary policy rather than"trial and error"

Harmonious point for monetary policy rather than"trial and error"

VCN - In the first months of 2023, many countries faced the risk of economic recession and high inflation, so the trend of monetary tightening is inevitable.
Deputy Governor of SBV: Interest rates are falling

Deputy Governor of SBV: Interest rates are falling

VCN - With the current movements and directions on reducing interest rates, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha expressed his belief that the interest rate level will decrease soon.
Liquidity of enterprises is still difficult; loan interest has not been reduced commensurately

Liquidity of enterprises is still difficult; loan interest has not been reduced commensurately

VCN - From the beginning of May until now, many banks have further reduced deposit interest rates for all terms, but lending rates have remained relatively high.
State Bank explains why lending interest rates are still high

State Bank explains why lending interest rates are still high

VCN - Information on the management of monetary policy and new interest rates announced by the State Bank of Vietnam said that, based on the management and direction of the State Bank, up to now, the interest rate level has been stable, new interest rates
Enterprises operate moderately; investment is limited due to difficulties in capital

Enterprises operate moderately; investment is limited due to difficulties in capital

VCN - A recent survey conducted by the Ho Chi Minh City Business Association in February 2023 with more than 100 businesses showed that up to 83% of businesses are facing difficulties.
It is necessary to develop regulations on financial safety indicators in the field of construction and real estate

It is necessary to develop regulations on financial safety indicators in the field of construction and real estate

VCN - At the national online conference "Dismantling and promoting the safe, healthy and sustainable development of the real estate market" taking place on February 17, Minister of Finance Ho Duc Phuc said that the Ministry of Finance continues to impleme
Credit growth projected to reach 14-15% in 2023

Credit growth projected to reach 14-15% in 2023

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.
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