Banks report strong liquidity ahead of Tet
(Jan 31, 2015)
Commercial banks said that 2015's Tet (Lunar New Year) festival has been
the most easy so far, in terms of liquidity, and even though it is
around the corner, according to Dau Tu Chung Khoan.
Mercedes-Benz Vietnam and its strategic partner SeaBank marked the
official launch of the MercedesCard to local customers on January 30.
Vietnamese SeaBank will offer VND10 trillion (US$470 million) in
preferential loans to businesses in HCM City. The commitment was made at
a workshop linking commercial banks with businesses in the city.
Standard Chartered Bank expects Viet Nam's gross domestic product growth
to accelerate to six per cent in 2015, higher than its previous
forecast of 5.8 per cent.
A senior banker was arrested yesterday for alleged economic frauds.
The State Bank of Viet Nam (SBV) on Tuesday announced its monetary policy execution for this year. According
to the announcement, the SBV has instructed credit institutions to
continuously cut the annual interest rate for medium and long-term loans
by one to 1.5 percentage points to help businesses.
MoneyGram and its strategic partner Viet Nam DongA Bank yesterday (Jan
27) launched a new service that will deliver remittances to the homes of
the recipients.
The Sai Gon Thuong Tin Joint-Stock Commercial Bank (Sacombank) will
offer VND10 trillion (US$470 million) in preferential loans to
individuals, businesses, households and co-operatives in HCM City's 24
districts and many other cities and provinces this year.
The State Bank of Viet Nam wants Vietinbank and Vietcombank to
become the leading banks of Viet Nam, and boost their scale at the
regional level.
Experts said the State Bank of Viet Nam will succeed in keeping the
Vietnamese dong-US dollar exchange rate from fluctuating to below 2 per
cent this year.
The PetroVietnam Insurance Corporation and the Viet Nam Public
Bank signed a comprehensive co-operation agreement on January 21.