Securities market expects new policies
08:21 | 30/05/2015 Finance - Banking
(VEN) - Upgrading the domestic securities market to make it more attractive to foreign investors, and improving legal documents and policies to solve its difficulties are expected to promote better growth in the securities market.
Credit pours into production
15:49 | 28/05/2015 Finance - Banking
(VEN) - Credit pouring into the economy during April was the highest in the last three years. Capital flows were especially healthy in major sectors such as industry, construction, and other prioritized areas clearly indicating Vietnam’s economic recovery.
US dollar exchange rate increases
14:03 | 22/05/2015 Finance - Banking
(VEN) - Commercial banks continued to increase the trading price for US dollars on May 12. The bid prices of banks increased by VND5-40/dollar to reach VND21,650-21,680/dollar while the ask prices increasing by VND10-30/dollar to range between VND21,725-21,745/dollar. The inter-bank average exchange rate was maintained at VND21,673 per dollar. In general, the rise of the exchange rate has affected Vietnam’s socioeconomic targets and capacity to respond to negative impacts on the international financial market.
Bank M&A deals to reach target
10:15 | 16/05/2015 Finance - Banking
(VEN) - The State Bank of Vietnam (SBV) has drastically implemented the restructuring project of the banking sector with a focus on mergers and acquisitions (M&A) deals. The goal of completing M&A deals in the banking sector in June 2015 is being realized.