Posts in Vn Dong
"Vietnam News" Posted by Samson Monday 10-7-19

.KTFA:

Samson:  World Bank signs $2.2m project to strengthen Việt Nam’s banking sector

2nd October, 2019

The World Bank (WB) and the State Bank of Việt Nam (SBV) on Tuesday signed a financing agreement for a grant worth US$2.2 million to implement a project aimed at strengthening the soundness and resilience of Việt Nam’s banking sector.

Sponsored by the Swiss Government, the grand is designed to improve SBV’s capacity in removing bottlenecks in the banking system.

Under the agreement, the WB will provide technical assistance to launch reforms set in the Restructuring Plan of the Financial System 2016-20 and the Development Strategy of Việt Nam Banking Sector to 2025. At the ceremony, WB Country Director for Việt Nam Ousmane Dione said a sound banking system is of great significance to the sustainable economic development of a country.

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KTFA, Vn DongDinar Recaps 20

"Vietnam News" Posted by Samson Friday PM 9-27-19

.KTFA: Vietnam:

Samson:  Vietnam : Banks raise short-term deposit rates to more than 8%

September, 24/2019 - 15:34

Saigon Commercial Bank (SCB) has just announced interest rates of up to 8.21 per cent for six-month online deposits

HÀ NỘI — Commercial banks have recently raised their interest rates for six-month deposits to a record high of more than 8 per cent per year. The rate was previously reserved for long-term deposits of more than a year.

Saigon Commercial Bank (SCB) has announced interest rates of 8.03 per cent for six-month online deposits, rising to 8.21 per cent for deposits valued at VNĐ10 billion (US$435,000) and above. This adjustment gives SCB the highest deposit rate for six month terms.

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KTFA, News, Vn DongDinar Recaps 20

.Vietnam’s GDP Growth Surpasses China’s

Vietnam’s GDP Growth Surpasses China’s

August 2019

By John Patrick Lee, CFA, Associate Product Manager, VanEck

Recently, Vietnam has attracted global investor interest as a potential beneficiary of the ongoing trade war between the U.S. and China, but investors have also taken notice of the country’s attractive long-term fundamental characteristics, including strong growth rates and attractive demographics.

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