Banks pledge stable lending rates
14:57 | 09/05/2017 Finance - Banking
(VEN) - Good liquidity and increases in mobilized capital are considered necessary conditions for keeping interest rates stable in the second quarter, in particular, and 2017 as a whole. Many commercial banks say there is no pressure to increase interest rates.
Over VND17.5 trillion worth of G-bonds allocated to ministries and provinces
09:23 | 05/05/2017 Finance - Banking
Prime Minister Nguyen Xuan Phuc has signed a decision on the assignment of more than VND17.5 trillion (US$770 million) from Government bond (G-bond) sales to two ministries and ten provinces in the 2017-2020 period and in 2017, for the implementation of transport and irrigation projects, and resident migration and resettlement of the Son La Hydropower Plant.
Deposit Insurance of Vietnam: Steps forward for depositors
09:05 | 26/04/2017 Finance - Banking
(VEN) - Deposit insurance activities in Vietnam have created favorable conditions for the government and the State Bank of Vietnam (SBV) to monitor more effectively as the legislative framework and policies have developed rapidly. Besides, the Deposit Insurance of Vietnam - DIV’s network expansion, management enhancement and financial development have increased DIV’s ability to protect legitimate rights and benefits of depositors and maintain stability of the banking system.