Standard Chartered launches Goal Project
11:28 | 07/11/2014 Finance - Banking
(VEN) - The Standard Chartered Bank (Vietnam) Limited recently launched the Goal Project in Vietnam with a budget of US$220,000. The project will last three years and aims to teach basic knowledge in terms of finance and life skills and improve a capacity to seek jobs for about 8,000 adolescent girls. The project is firstly deployed in Hue and will be implemented in Hanoi and Ho Chi Minh City.
Additional opportunities in accessing capital
15:14 | 06/11/2014 Finance - Banking
(VEN) - The State Bank of Vietnam (SBV) decided to reduce deposit and lending interest rates thanks to macroeconomic stability and low inflation. Together with a decline in interest rates in existing loans and a strong increase in outstanding loans, credit growth of 12-14 percent this year could be a possibility.
MB makes strong impression
16:04 | 03/11/2014 Finance - Banking
(VEN) - After 20 years of construction and development, the Military Commercial Joint Stock Bank (MB) has affirmed its position in the banking system, becoming one of Vietnam’s large commercial banks.
Public debts to be more effectively monitored
10:25 | 30/10/2014 Finance - Banking
(VEN) - Compared to the end of 2013, the publicized public debt amount has increased significantly, nearly hitting the threshold. Effective public debt control and public investment restructuring are immediate solutions to limit the rise in public debt according to economic experts.
Ensuring sufficient capital for the economy
16:24 | 28/10/2014 Finance - Banking
(VEN) - State Bank of Vietnam (SBV) Deputy Governor Nguyen Thi Hong affirmed that the banking sector could meet the demand for credit from businesses with feasible projects, effective business plans and the ability to repay debts. Along with creating specific credit packages for each sector, banks and credit institutions have promoted their links with businesses.
Cooling exchange rate volatility
14:10 | 17/10/2014 Finance - Banking
(VEN) - In the first three days of October, the exchange rate between the Vietnamese dong and US dollar increased VND30-50 per US dollar compared to the previous months due to exchange rate adjustment rumors. However, official confirmation that there would be no changes by the State Bank of Vietnam quashed volatility.