SBV wants ATMs to run efficiently before Tet
15:56 | 27/12/2017 Finance - Banking
The State Bank of Vietnam (SBV) has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tet (Lunar New Year) holiday, when there is high demand for cash transactions.
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).