Remittances to HCM City reach over 2.41 billion USD in first quarter

Remittances to HCM City reach over 2.41 billion USD in first quarter

Remittances to Ho Chi Minh City reached over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.
Central bank required to consider proposals on Basel III application

Central bank required to consider proposals on Basel III application

Prime Minister Pham Minh Chinh has directed the State Bank of Vietnam (SBV) to consider commercial banks’ proposals on implementing Basel III international banking standards.
State Bank flexible and harmonious in managing exchange rates

State Bank flexible and harmonious in managing exchange rates

Since the beginning of the year, the VND/USD exchange rate has undergone significant fluctuations, with an overall upward trend. Amid increasing pressure from international markets on the domestic market, the State Bank of Vietnam (SBV) has had to adjust the central exchange rate multiple times to accurately reflect market supply and demand.
Central bank injects more than 5 trillion VND into market

Central bank injects more than 5 trillion VND into market

On the OMO channel, the State Bank of Vietnam lent commercial banks a total of nearly 35.62 trillion VND with an interest rate of 4%. Last week saw a maturity amount of more than 33.5 trillion VND on the channel, so the SBV’s total net injection via this was 2.09 trillion VND. ​
HCM City’s real estate credit grows by 12.3%

HCM City’s real estate credit grows by 12.3%

Experts believe 2025 could be a crucial year for the city's real estate sector. After navigating the challenges brought on by the pandemic and economic downturn, a full recovery is anticipated by 2026.
PM orders stronger measures to cut lending rates

PM orders stronger measures to cut lending rates

Prime Minister Pham Minh Chinh has issued an official dispatch calling for intensified efforts to lower lending rates to support businesses and spur economic growth.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

Vietnam’s banks are set for a significant increase in bond issuance in 2025, as financial institutions look to meet the State Bank of Vietnam’s ambitious credit growth target of 16%, according to experts.
Remittances to HCM City surge ahead of Tet

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.
Remittances to HCM City surpasses 9.5 billion USD in 2024

Remittances to HCM City surpasses 9.5 billion USD in 2024

Remittances to Ho Chi Minh City in 2024 reached over 9.5 billion USD, up 0.9% year-on-year, the State Bank of Vietnam (SBV)'s branch in the city announced on January 16.
Majority of credit institutions expect profit growth in 2025

Majority of credit institutions expect profit growth in 2025

The majority of credit institutions forecast their business performance in the first quarter and the whole year of 2025 will be more positive than that last year, the latest survey of the State Bank of Vietnam (SBV) shows.
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