The Institute of Digital Economy Development Strategy, Sai Gon Giai Phong (SGGP) Newspaper, and HCMC University of Economics yesterday co-held a discussion named ‘Digital Transformation in Banking-Finance: Learning from Experience of the Republic of Korea’. Many valuable lessons from RoK and other nations in the world were shared and discussed.
Vietnamese designer Hoang Minh Ha opened the Aquafina Vietnam International Fashion Week (AVIFW) Fall/Winter 2022 in Hanoi on November 24 night with a collection highlighting the cultural heritage of northern Vietnam.
From November 18, Saigon Commercial Joint Stock Bank (SCB) will officially establish a reception location to receive information related to the purchase and sale of corporate bonds, from 8:30 a.m. to 11:30 a.m. and from 1:00 p.m. to 4:30 p.m., from Monday to Friday, at 9th floor of SCB headquarter at No.242 Cong Quynh Street in Pham Ngu Lao Ward, District 1, HCMC.
The recent sharp increase in deposit interest rates has pulled lending interest rates up by 3-4 percent per annum over the same period last year. In the face of highly increasing pressure on the USD/VND exchange rate, deposit interest rates have not cooled down yet, so the pressure on lending interest rates in the peak months of the year is still huge.
After six years of receiving the fund, the total loan turnover from the Poverty Alleviation Loan Program at the Ho Chi Minh City Bank for Social Policies reached approximately VND2.94 trillion, with 98,650 turns of poor households, near-poor households, and households that have just escaped the near-poor household standard in the area being granted loans.
Although the State Bank of Vietnam (SBV) has increased the operating interest rates by 0.5-1 percent from October 25 to reduce the pressure on the USD/VND exchange rate, which has increased sharply over the past time, the US dollar price in commercial banks is listed at the ceiling price of VND24,888 per dollar, within the range of +/-5 percent according to the regulations of the State Bank.
The State Bank of Vietnam (SBV) yesterday just issued a decision on the adjustment of savings' interest rates from October 25, 2022. This is the second time the State Bank has raised the operating interest rate to stabilize the currency exchange rate in the face of fluctuations in the international market.
The State Bank of Vietnam's official decision to widen the USD/VND spot exchange rate band from +/-3 percent to +/-5 percent effective from October 17 continued to put pressure on the Vietnam dong to depreciate and the US dollar to appreciate. The expansion of this band has a certain effect on production and business activities and the operation of the economy in the coming time.