A visual representation of exchange rates and their impact on tax calculations. This infographic aims to simplify the complex relationship between currency values and tax assessments.
Credit Growth and the ‘Carrot’ for Select Banks
The rapid growth of credit contrasted with slower capital mobilization has put significant strain on the banking system’s liquidity. In response, the State Bank has intervened by reducing the statutory reserve ratio by 50% for four banks that are recipients of mandatory transfers from four banks under special control.
The Soaring Price of Gold: USD Hits All-Time High
This morning (August 20th), the price of SJC gold soared to a staggering peak of VND 125 million per tael, firmly establishing a new high. In tandem with this ascent, the value of USD in Vietnam’s banking system breached the threshold of VND 26,500 per USD, marking yet another record in its own right.
“Securities Lending Makes Up 1.5% of Total Outstanding Credit in the Economy”
Amid concerns of surging credit growth funneling into risky sectors such as real estate and securities, the Governor of the State Bank of Vietnam has assured that the authority remains vigilant. The central bank is closely monitoring key safety indicators, proactively steering interest rates, and keeping a watchful eye on exchange rate movements to safeguard macroeconomic stability.
The Unbelievable “Shock”: MBS Offers a Whopping 100% Margin Interest Gift to Traders in December
Belief in Vietnam’s ability to achieve or surpass its 7% growth target by the end of 2024 is fueling a stock market surge. In this context, MBS is rolling out its “Margin Shock” program for the first time, offering a market-leading 100% interest repayment to empower investors and boost the overall market.
The Greenback Takes a Tumble in Vietnam
The USD exchange rate at banks retreated from the 25,500 VND/USD threshold as the greenback cooled off in the international market.
