Banks cut priority loan interest rates

Soon after the US announced a 0.25 per cent cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on đồng loans of at least 0.5 per cent to firms in the Government’s priority sectors.

Foreign debts under Government’s control: Deputy PM

The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vương Đình Huệ said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission in Hà Nội last Friday.

Banks keen on green projects

The State Bank of Việt Nam (SBV)’s latest survey of credit institutions (CIs) in the field of green growth and green credit released recently showed that the awareness of CIs on green credit has improved significantly.

Listed companies honoured for best investor relations

Vietstock and Finance and Life online newspaper FiLi.vn of the Việt Nam Association of Financial Executives gave away this year’s IR Awards to 18 listed companies for having the best investor relations at a ceremony in HCM City on August 9.

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.

Official channel to feed real estate market with supply info

An official channel that will provide Việt Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA).

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