The State Securities Commission of Vietnam and the Singapore Stock Exchange Nov 12 held the first round a seminar on boosting international listings for Vietnamese firms in the presence of Deputy Prime Minister-Foreign Minister Pham Gia Khiem in Hanoi.

The State Securities Commission (SSC) has finished a draft regulation allowing foreign investors to own a 49 per cent stake in Vietnamese unlisted shares...

ANZ Vietnam Bank has recently applied a new interest of 13 per cent per annum for term deposits with flexible terms from one week to 12 months.

Several commercial banks in Vietnam have joined a race to reduce deposit interest rates after the country's central bank cut base rates to 12 per cent.

Nguyen Van Giau, governor of the State Bank of Vietnam, has downplayed dollar fevers after greenbacks jumped to more than VND17,000/US$1 recently at the grey market, attributed them to speculations and ensured that monetary market is at stable and secure levels, the Communist Party of Vietnam-run Nhan Dan newspaper said.

The state-owned Bank for Agriculture and Rural Development of Vietnam (Agribank), the country’s biggest state-owned bank by assets, has announced further lending interest rate cuts for household producers and small-sized exporting and producing enterprises (SMEs), applied as from November 10.

The State Bank of Vietnam, the country’s central bank, Thursday [Nov 6] decided to widen the daily trading band of dong against U.S. dollar to minus and plus 3 per cent, effective from Friday [Nov 7] in order to boost exports, a driver of Vietnam’s GDP growth amid the global financial crisis.

A number of big state-owned banks including Agribank, BIDV, Vietcombank...have joined efforts with the State Bank of Vietnam's benchmark rates cuts to slash lending rates for customers, Pioneer newspaper said on November 4.

Vietnamese businesses are now reluctant to borrow loans from commercial banks, which have recently reported a total capital of VND50 trillion surplus, due to high interest rates.

More big banks including Vietinbank, BIDV, LienVietBank, Military Bank…have joined efforts to cut lending rates to push down average lending rates to 16.2 per cent per annum on October 23, down from 17 per cent Wednesday after the State Bank of Vietnam slashed benchmark rate to 13 per cent from 14 per cent, the Labor newspaper said.