Vietnam’s Q4 economic growth may improve better than expected: HSBC
HCMC – Vietnam’s economy is projected to perform better than expected in the final quarter of the year if the State Bank of Vietnam (SBV) continues to provide monetary policy support, according to a recent report by HSBC Vietnam. The report has revised the economic growth forecast for Q4 by 0.1%,
The efficiency of the policy rate cuts
The recent moves by the State Bank of Vietnam (SBV) to cut policy interest rates are expected to give a much-needed boost to the economy and enterprises. However, some are of the view that these moves have limited impact under the current circumstances. Drastic interest rate cuts Less than two
Central bank, 26 bank leaders convene
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, held a meeting to discuss interest rate reductions with 26 banks this morning, May 25. Information about the meeting has grabbed much attention as it comes amid the SBV’s key interest rate cut decision coming into force on the same
The return of hope
Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period. A predictable fall Securities firms reported lower revenue and profit in the first three months of the year. Leading companies
Deposit rates drop further
HCMC – Commercial banks have lowered their deposit rates further since the State Bank of Vietnam’s latest rate cuts came into effect yesterday, April 3. Vietnam’s big four state-owned commercial banks now quote their call deposit rates at 0.1% to 0.3% per year. Interest rates for deposits from one