GEX to sell entire stake in Đồng Nai Port JSC, no longer involved in logistics The Board of Directors at Vietnam Electrical Equipment Joint Stock Corporation (Gelex or GEX) has approved the sale of their entire 20.25 per cent stake in Đồng Nai Port JSC (PDN).

Pandemic causes remittances to HCM City to fall by 2%

Overseas remittances to HCM City in the first four months of the year are estimated to be US$1.8 billion, a year-on-year decrease of 2 per cent, according to the State Bank of Vietnam.

TranSwap Set To Launch Global Borderless Virtual Accounts in USA, EU, UK And Indonesia TranSwap Set To Launch Global Borderless Virtual Accounts in USA, EU, UK And Indonesia

Techcombank offers US$1.27 billion package to support customers

Techcombank has announced a comprehensive support package worth VNĐ30 trillion (US$1.27 billion) for both individual and enterprise customers that are heavily impacted due to COVID-19. Vishal Shah, Head of Business Banking Division at Techcombank talked more about the package.

COVID-19 affected firms gain access to $695 million low interest loans

Enterprises affected by the COVID-19 pandemic could have access to a VNĐ16.2 trillion (US$695.28 million) interest free loan package for a maximum duration of 12 months to pay their employees.

Gold prices and US rates go up in the market Global and local gold prices increased on March 18 when the forex rate of US notes went up at most local banks.

Gold prices soar at home and abroad The domestic gold price soared yesterday while global prices hit a seven-year peak amid the ongoing novel coronavirus outbreak.

Bank liquidity abundant ahead of Tết Though Tết (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.

Việt Nam’s foreign reserves surge 2.5 times over 2015 Việt Nam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng said.

Credit institutes must raise charter capital, forex exchange services tightened Credit institutes, with the exceptions of local credit institutes, which have been licensed must meet the required charter capital before the date Decision 86 takes effect, which has been set on January 15 next year.