(SGI) - If successful, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank, stock code STB) could enhance its restructuring project by selling capital at the Vietnam Asset Management Company (VAMC).
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(SGI) - One of the key goals of the Government for 2023 is to consolidate the capital mobilization channels for businesses, as well as strengthen the stock market and the corporate bonds market.
(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.
(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.
(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.
(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.
(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.
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.
