Latest News for: Hanoi banking

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No easy fix for Vietnam as economy slows on weaker exports, property woes

Beijing News 01 Jun 2023
Signs of weakness are widespread across Vietnam's economy, including sharp drops in exports due to global demand, weakening imports reflecting a contraction in factory output, and a tumble in new bank lending ... The central bank has previously said it was targeting 14-15 percent credit growth for this year.
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Philippines-Vietnam teaming up on China in South China Sea

Asiatimes 25 May 2023
Since the end of the Cold War, which pitted Manila and Hanoi against each other on ideological lines, the two Southeast Asian nations have repeatedly found themselves on the same side whenever China flexed its muscle in the region ... Manila repeatedly offered assistance to Hanoi ...
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Vietnam's liquidity crunch eases but property-sector risks linger

Beijing News 24 May 2023
HANOI, May 23 (Xinhua) -- Funding stress in Vietnam's banking system, which has complicated the government's efforts to shore up the economy, appears to have eased after a series of policy easing, the Vietnam News reported on Tuesday ... The central bank has cut several policy ...
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Vietnam's Central Bank To Cut Policy Rates Further

MENA FN 24 May 2023
(MENAFN - IANS) Hanoi, May 24 (IANS) The State Bank of Vietnam will cut the refinancing rate by 50 basis points to 5 per cent from Thursday in the latest move to support economic growth.The central ... .
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Vietnam's central bank to cut policy rates further from Thursday

Xinhua 23 May 2023
HANOI, May 23 (Xinhua) -- The State Bank of Vietnam will cut the refinancing rate by 50 basis points to 5 percent from May 25 in the latest move to support economic growth, Vietnam News Agency reported on Tuesday ... The total lending of Vietnamese banks has remained sluggish, hitting a decade-low in April, said Fitch Ratings.
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Vietnam growth target ‘challenging’

Taipei Times 22 May 2023
This year’s forecast expansion is proving to be “challenging,” after weak GDP growth in the first quarter and as the construction sector and capital markets face financial difficulties, Vietnamese Economic Committee of the National Assembly head Vu Hong Thanh said at the opening session of the parliament yesterday in Hanoi.
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Chances from businesses with strong profit growth

The Saigon Times 21 May 2023
Bank stocks were the market leader, with Vietcombank alone rising 3.6% and contributing nearly 3.9 points to the growth of the VN-Index ... In the banking group, some banks now have a relatively low P/E ratio, with their profits growing further in the first quarter. Citing SaigonHanoi Commercial Joint Stock Bank (HOSE.
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Vietnam banks rush to raise capital

China.dot.org 15 May 2023
HANOI, May 15 (Xinhua) -- Banks in Vietnam have rushed to raise funds this year, with many issuing stocks or offering stakes to strategic partners as the size of their loans and deposits is determined by registered capital, Vietnam News reported on Monday ... Hanoi-based BIDV would ...
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Vietnam's central bank considers cutting policy rates further

Beijing News 13 May 2023
Vietnam's central bank ... HANOI, May 13 (Xinhua) -- Vietnam's central bank is lining up its options in case it needs to ease monetary policy further to support the economy and help the country meet its economic growth target for the year, local newspaper reported on Friday.
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Vietnam#8217;s central bank considers cutting policy rates further

TeluguStop 12 May 2023
Hanoi, May 12 . Vietnams central bank is lining up its ...
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Vietnam lawmakers call for further rate cut to prop up growth

Reuters 09 May 2023
HANOI, May 9 (Reuters) - Vietnamese lawmakers on Tuesday urged the central bank to consider cutting policy rates further to support the economy and help the country meet its economic growth target for the year ... Bank of Vietnam (SBV) to cut its benchmark rates twice this year.
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Vietnam's central bank to restructure 4 commercial banks

Xinhua 08 May 2023
HANOI, May 8 (Xinhua) -- Vietnam's central bank has planned to restructure four weak commercial banks in a move to strengthen the country's banking system, the Vietnam News reported on Monday ... The move was part of the central bank's efforts to consolidate the local banking system and tackle non-performing loans, according to the report.
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Vietnam's central bank buys 6 bln USD to shore up reserves

China.dot.org 06 May 2023
HANOI, May 6 (Xinhua) -- Vietnam's central bank has bought around 6 billion U.S ... the State Bank of Vietnam (SBV) to continue its purchases of foreign currencies, said SBV Governor Nguyen Thi Hong at a regular meeting of the Cabinet of Ministers in Hanoi.

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