Vietnam central bank: Central bank buys dollars to increase reserves after a selloff

Vietnam central bank Tin tức

Central bank buys dollars to increase reserves after a selloff

SBV said that taking steps to enhance foreign exchange reserves by acquiring extra dollars after being forced to sell a substantial amount of dollars earlier this year to support its dong currency.

Vietnam seeks low market interest rates amid a rare rate increase.

Vietnam's central bank will push commercial banks to find methods to keep lending costs low, after implementing a rare monetary policy tightening to reduce inflation and stable the currency.

10/11/2020 - 10:57
Vietnam to appoint Hong as the first female central bank governor

The government is seeking approval from lawmakers to appoint Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong to the leading position of the agency.

06/08/2020 - 21:14
Central bank cuts compulsory reserve interest rates to support pandemic-hit ...

The State Bank of Vietnam announced late Thursday it has lowered rates on compulsory reserves at banks by 0.2-0.5 percentage points to back the economy devastated by the Covid-19 pandemic.

05/06/2020 - 23:27
Vietnam’s five-month credit growth falls to six-year low at 1.96% on ...

Credit growth from end-2019 to May 29 fell to 1.96%, lowest since 2014 due to low borrowing demand when most businesses were hit by COVID-19 pandemic, central bank said on Friday.

14/05/2020 - 13:40
Vietnam central bank seen to further cut policy interest rate this ...

Vietnam central is expected to cut interest rates the third time in 2020 in light of weak economic outlook while the country is still targeting growth of above 5%, Fitch Solutions forecast.

16/03/2020 - 20:28
Vietnam’s central bank cuts rate by 1ppt to 5% to support growth amid virus ...

Vietnam’s central bank cuts interest rates for the first time in this year to support the gloomy economy amid coronavirus fears spreading globally.

25/02/2020 - 09:43
Vietnam’s central bank asks lenders to support coronavirus-hit firms

Vietnam’s central bank ordered commercial lenders to cut or delay interest payments on loans to enterprises suffering losses from the coronavirus epidemic, regulator said in a statement on its website on Monday.