Banks raise certificates of deposit rates to more than 10% Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 per cent per year with the aim of mobilising long-term capital.

Blockchain tech is applicable in many banking activities: expert Blockchain technology can be used in many different fields of modern economics, especially banking activities, banking expert Cấn Văn Lực has said.

Money market loosening, despite wait for rate call

The money market is seeing the first signs of loosening though the State Bank of Việt Nam has yet to make a decision on reducing benchmark interest rates.

30 Swiss fintechs to display cutting-edge innovation at Singapore festival 30 Swiss fintechs to display cutting-edge innovation at Singapore festival

More steps to be taken to downsize foreign currency loans Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.

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.

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.

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.

China's prolonged falling yuan may harm Việt Nam's trade China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase. The escalating tension between the two world powers is predicted to have negative impacts on Việt Nam’s trade in the short term.

HCM City' seeks gov't support for key infrastructure projects The Government Office has asked 13 ministries and agencies to provide support for nine key infrastructure projects in HCM City.