Foreign currency credit increases under control
14:10 | 16/07/2014 Finance - Banking
(VEN) - The National Financial Supervisory Commission of Vietnam expressed concern about a decline in foreign currency deposits while foreign currency credit kept increasing in the beginning months of this year. However, the State Bank of Vietnam (SBV) said that allowing commercial banks to extend foreign currency credit in order to support credit growth was needed.
Applying high-tech in agriculture: Piloting lending program
15:10 | 07/07/2014 Finance - Banking
(VEN) - Credit contracts between commercial banks and enterprises in Can Tho, Dong Thap, Lam Dong, Nam Dinh and Nghe An provinces participating in the second phase of the lending program on applying high-tech in agriculture were signed at the State Bank of Vietnam (SBV) on July 2, 2014 with a total capital of nearly VND2.4 trillion.
Exchange rate adjustment and positive impacts
14:08 | 01/07/2014 Finance - Banking
(VEN) - The State Bank of Vietnam (SBV) officially adjusted the VND/USD exchange rate up by one percent with the goal of promoting exports. According to economists, the adjustment has received a positive response and boosted confidence.