Bank

On April 19th, the State Bank of Vietnam (SBV) sold foreign currencies to credit institutions at a price of VND 25,450 per USD in an effort to "reduce the heat" on exchange rates. This is a positive move, but experts say caution is needed to avoid the re-emergence of increased mobilization interest rates.

On April 26th, 2024, Sacombank's General Meeting of Shareholders convened to pass the 2023 results and the 2024 plan under the theme "Accelerating Business Activities, Enhancing Efficiency on a Digital Platform", with expectations of successful restructuring ahead of schedule.

As of 8:30 a.m. on May 21st, Vietcombank and BIDV posted a USD exchange rate of 23.780-23,140 VND/USD (buy-sell), a rise of 20 VND from yesterday's rates across the board.

Despite gold prices reaching record highs, there are underlying risk factors that could cause a dramatic shift, leading to a potential downward spiral in the near future.

The Vietnamese payment card industry has made significant strides, thanks to several enabling factors. With over 87% of adults now holding a bank account, the industry is experiencing a notable boom.

The Oriental Commercial Joint Stock Bank (HOSE: OCB) is proud to announce the appointment of Mr. Nguyen Huy Duc as its new Chief Financial Officer, effective September 16, 2024.

In the grim backdrop of 2023, despite loan extensions and deferred payments, non-performing bank loans still surged towards the end of the year, surpassing the initial figures.

Accompanying the multi-billion-view show, "Say Hi, Brother", VIB once again takes center stage in the media, leaving a lasting impression as an innovative bank. The bank has inspired a talented young generation to reach for the stars and make their mark on the global stage.

The newly disbursed credit package of 120 trillion Vietnamese dong has reached over 500 billion Vietnamese dong. According to experts, the policy of supporting businesses to invest and providing access to social housing for individuals is appropriate. However, if it only stops at interest rate support without specific accompanying policies, businesses will not be eager to borrow, and people will continue to wait to buy houses.

With a sustainable development strategy, SHB is taking steps to accompany the people and the country. The bank is transforming vigorously, reaching out to become a leading financial institution in the country and the region for the period 2024-2028.