Foreign reserves rise, dong increasingly stable
14:35 | 22/12/2017 Finance - Banking
(VEN) - Vietnam’s foreign reserves reached US$46 billion as of mid-November 2017. Since early this year, the State Bank of Vietnam (SBV) has purchased US$7 billion for foreign reserves while keeping a firm hand on monetary market (including exchange rate policy) management.
IFC’s lending package helps Vietnamese SMEs
11:17 | 21/12/2017 Finance - Banking
The International Finance Corporation (IFC) announced on December 19 a successful syndicated senior loan package transfer of 110 million USD to An Binh Commercial Joint Stock Bank (ABBANK) as a joint effort to boost the latter’s small and medium enterprises (SMEs) lending.
How to make SOEs more attractive to foreign buyers
10:50 | 15/12/2017 Finance - Banking
(VEN) - Vietnam has equitized more than 4,500 state-owned enterprises (SOEs) since 1992, but foreign investors’ involvement in the process has not met expectations, according to a recent report by the Central Institute for Economic Management (CIEM).