Banking and Finance
ANZ: Vietnam may slash basic interest rate
Australia and New Zealand Banking Group (ANZ), in its latest report about Vietnam’s economy released on May 13, mentioned the possibility the State Bank of Vietnam would loosen monetary policies further.
Gold price hits record, trade quiet
The local gold price briefly hit a record high of VND20.13 million per tael on Saturday following the rising global price while gold trade was quiet.
WB assists Vietnam’s finance sector
The State Bank of Vietnam and the World Bank signed a concessional credit close to US$60 million on April 21 for the modernization of the country’s finance sector.
Businesses’ difficulties in medium and long-term interest rate subsidy program
The Government’s second stimulus package is aimed to help businesses promote restructure and competitiveness amid turmoil. However, its policies somehow contain some problems.
State Bank eyes black market in dollars
The street price of the US dollar has begun to rise despite the central bank's warning that it will investigate and tighten the monitoring of the currency market.