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Bank interest rates still high

Bank interest rates still high

(SGI) - The State Bank of Vietnam has now decided to reduce the operating interest rate for the fourth time in a row. Currently, many enterprises are still reeling under the effects of the high-interest rates at commercial banks.
Banks start to reduce deposit interest rate

Banks start to reduce deposit interest rate

(SGI) - By early May, commercial banks have started to reduce deposit interest rates. With this the average deposit interest rate that had peaked in January at 9 percent per year for a 6-month term decreased to around 7.5 percent per year.
Golden season of Marian mango fruit

Golden season of Marian mango fruit

(SGI) - These days, anyone passing through Đông Thành commune in Bình Minh town in Vinh Long province, along the area leading to Can Tho bridge, can admire the golden hues of the Marian mango or Plum mango.
Pressure of high interest rate eased

Pressure of high interest rate eased

(SGI) - On the afternoon of 14 March, many investors were left startled when the State Bank of Vietnam decided to reduce the operating interest rate and the short-term lending interest rate of credit institutions for a number of economic sectors from 5.5 per cent per year to 5.0 per cent per year. The immediate effect led to the stock market exploding by 2.1 percentage points in the session on 15 March.
New provisions provide relief to bonds market

New provisions provide relief to bonds market

(SGI) - The new provisions introduced in Decree 08 provide temporary solutions to easing the immediate tension in the bonds market. Now bond issuers will be able to negotiate with creditors and extend the bond maturity time frame upto a two-year period, as well as negotiate on repayment of bonds with other assets.
Tax department needs to keep pace with E-commerce

Tax department needs to keep pace with E-commerce

(SGI) - Revenue collected from taxes of E-commerce activities in Vietnam as well as cross-border digital platforms has been gradually and steadily increasing in the last few years. Nonetheless, despite the development speed of E-commerce within the country and increase in cross-border digital services, the revenue increase has been rather insignificant.
Investors wary of more reduction in interest rates

Investors wary of more reduction in interest rates

(SGI) - Since the beginning of March 2023, commercial banks have reduced deposit interest rates which has been contrary to forecasts made by many domestic and foreign investment organizations who believed that the interest rates may increase when the Federal Reserve (FED) raises the interest rate yet again.
Global economic slowdown will affect Vietnam

Global economic slowdown will affect Vietnam

(SGI) - The current global economic slowdown will greatly affect the economy of Vietnam in days to come due to increased interest rates and tightening of the monetary policy by central banks. However, we believe that the Government will find a solution to support the economy by increasing the disbursement of public investment.
Giants on stock exchange see drastic fall

Giants on stock exchange see drastic fall

(SGI) - Many giants on the stock exchange saw a drastic fall in stock prices in 2022, with losses amounting to more than USD 11 billion. This sharp correction of the stock market last year also caused huge losses for several retail investors as well.
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Stocks swing low to attract investors

(SGI) - Many stocks have been rising over the last three weeks, but shareholders of several property stocks have been trying to lower the price in order to lure investors. 
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Vietnam dong depreciates against US dollar

(SGI) - Soon after the US Federal Reserve (FED) raised the interest rate by 0.75% for the third consecutive time on 21 September, the Dollar Index (DXY) hit an all-time high in the last 20 years. 
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Lack of orders plaguing export enterprises

(SGI) - During the fourth quarter of every year most of the export companies in Vietnam find the need to step up pace in order to meet the increased demand in orders from major import markets such as the US and the European Union. 
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Banks avoiding further bad debt risks

(SGI) - The recent financial statements of commercial banks for the second quarter show that the total amount of bad debts increased by about 17.5% compared to the beginning of the year. 
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State Bank of Vietnam faces pressure on exchange rate

The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate, such as net withdrawal of hundreds of billions of dongs through the treasury bill channels, selling of foreign currency from reserves, and in adjusting the US dollar selling price.