Tag: lending interest rate

Today's USD exchange rate on February 11, 2025, witnessed a significant surge in the central rate, setting a new record. The selling price of USD at banks soared past 25,600 VND per USD, the highest in history.

In a volatile global economic landscape, Governor of the State Bank of Vietnam, Nguyen Thi Hong, has expressed her determination to contribute to achieving an ambitious 8% economic growth target, while also keeping inflation in check and ensuring stability in the currency market. The banking sector is projected to witness a credit growth of approximately 16%, yet it is imperative to devise synchronized strategies to mobilize and utilize capital more efficiently.

After nearly two months of the Metro Ben Thanh - Suoi Tien becoming operational, from February 14, 2025, commuters will have an additional cashless payment option with the introduction of NAPAS cards. The automated ticketing payment system on Metro Line 1 is implemented by Sacombank and its partners, utilizing the Open-loop technology model.