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Gold conversion a priority: SBV

Converting idle gold held by Vietnamese people into money and other assets may help provide more funding for socio-economic development and business operation, according to the State Bank of Việt Nam (SBV).

 

Việt Nam’s reference exchange rate down by 15 đồng

The State Bank of Việt Nam set the daily reference exchange rate for May 30 at VNĐ22,590 per US dollar, down by 15 Việt Nam đồng from the previous day. 

   

New regulation reduces cross-ownership in banks

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new re [ … ]

   

Reference exchange rate climbs to start week

The State Bank of Việt Nam set the daily reference exchange rate for May 28 at VNĐ22,596 per US dollar, up seven Việt Nam đồng from May 25.

   

NAPAS completes set for domestic cards

The National Payment Corporation of Việt Nam (NAPAS) recently completed the building of a standard set for domestic cards, according to State Bank of Việt Nam (SBV).

   

Commercial banks to support firms

Business representatives have urged commercial banks to revise loan policies and simplify loan procedures to help them pursue investment opportunities.

   

Banks cut interest rate for short-term deposits

Many banks have reduced the interest rate for short-term deposits while raising the rate for long-term deposits to restructure capital sources.

   

Ignoring protests, banks insist on raising service fees

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The number of e-banking service users had reached 81 percent by the end of 2017, according to IDG.

   

Vietnamese currency security faces big challenges from technology

Vietnamese currency security faces big challenges from technology,vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Modern technology remains a challenge for Vietnamese authorities in managing currency security as recently the northern province of Quang Ninh discovered illegal money transferring activitie [ … ]

   

Where to go with digital banking

Where to go with digital banking, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Recent McKinsey surveys provide banks with an indication of what their focus should be regarding digital banking.

   

Việt Nam’s foreign reserves hit US$64bn

Việt Nam’s foreign reserves has increased by 130 per cent to nearly US$64 billion in the past two-and-a-half years, Prime Minister Nguyễn Xuân Phúc said.

   

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