State Bank
Exchange rate increases sharply, USD price skyrockets as Fed is about to increase interest rates
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The focus is on the Fed meeting this week. The USD/VND exchange rate has recorded a strong increase in recent times.
Revealing targets for expanding credit rooms of banks
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Sacombank leads the list of credit room increase at 4%. Other banks such as Agribank 3.5%, MB 3.2%, SHB 3.2%, VIB 3%, Vietcombank 2.7% TPBank 1.2%.
Banks expand credit room, businesses are released
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Over the past time, the "thirst" has caused the production and business activities of many enterprises to stagnate, even go bankrupt. The adjustment of the State Bank's credit room is the most anticipated information at this time for the business community.
The State Bank may extend credit room to 16%
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Opening a credit room is a hot topic attracting the attention of the financial world. Stock analysts predict that the State Bank can extend the credit room by up to 16%.
Fed runs out of room to increase interest rates, experts say "The State Bank of Vietnam has a headache because of exchange rates"
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Vietnams foreign exchange reserves are currently not enough to maintain monetary policy independence. US interest rates are expected to peak in late 2022. The Fed must stand together, if it is sitting, it must sit. The prices of countries that choose to be independent in monetary policy such as Thailand and Japan are that domestic currencies have lost a lot of value," said Mr. Tran Ngoc Bau, Founder & CEO of WiGroup.
SBV: "The bank refuses to lend not necessarily because the credit room is gone!"
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Credit in the first 6 months of 2022 is the highest in the past 10 years. Recently, some banks have reported that the credit room is gone because banks increased credit too quickly in the first 6 months of the year. The refusal to lend to customers is not necessarily due to running out of room but may also be due to having to ensure safety ratios, or some low-ranking banks do not have high credit growth..., said a representative of the State Bank.
State Bank Governor: Real estate credit increased sharply by over 12%
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The hottest information has just been announced by State Bank Governor Nguyen Thi Hong that the State Bank has no intention of adjusting the credit increase target of 14% as set out at the beginning of this year. Credit in the first 6 months of 2022 increased by 9.35%. Notably, real estate credit increased sharply in the first half of 2022.
The State Bank will increase the frequency of selling foreign currency interventions, stabilizing exchange rates
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The State Bank will increase the frequency of foreign currency intervention sales to be ready to supplement foreign currency supply to the market more regularly, thereby creating conditions for the credit institution system to fully and promptly meet the legitimate foreign currency needs of organizations and individuals, including the need for foreign currency to import essential goods for domestic production and business and export, thereby contributing to stabilizing the market and supporting economic recovery, said Mr. Pham Chi Quang - Deputy Director in charge of the Department of monetary Policy, State Bank.
Can Tho sets a growth target for non-cash payments of 20-25%/year
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Can Tho aims to gradually change the practice of using cash in payment activities for organizations and individuals in the city.
Will the exchange rate increase or decrease dramatically in 2022?
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Many experts agree that the USD/VND exchange rate in 2022 will increase, however, the increase in the exchange rate is still recorded with many different opinions.
The State Bank will pilot the use of blockchain technology virtual currency
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The Prime Minister has just assigned the State Bank to preside over the research, development and pilotation of the use of virtual currency based on block chain technology (blockchain). The time for the State Bank to implement is from 2021-2023.
coin players are shaken because Binance virtual currency exchange is being investigated for money laundering
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The world's largest virtual currency exchange Binance of the virtual currency billionaire is being investigated for tax evasion and money laundering. This information shocked virtual currency investors.
Disappointed by the burning of Bitcoin accounts according to billionaire Elon Musk's "trump card"
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Billionaire Elon Musk emerged in the investor community thanks to his hard-working tweet about virtual currency. After announcing that Tesla stopped accepting payments in Bitcoin, the prices of digital currencies immediately plummeted.
What is the scenario for the VND/USD exchange rate in 2021?
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The story of exchange rates in 2021 will be of interest to many investors. In the context of a positive foreign currency supply and a decreasing USD, the VND in 2021 is expected to increase in price by about 0.5 - 1%, an expert commented.
After 8 years of issuance, coins "disappear" in the market
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The information that the State Bank of Vietnam will auction more than 601 tons of scrap metal after destruction is attracting great attention from the public.