LENDING RATE LAG STILL CAUSING BANK UNEASE
There has been a decline in savings interest rates in recent weeks. From August 23, Agribank continued to reduce deposit interest rates from 0.5 to 0.3 per…
LOW CREDIT GROWTH, REDUCING PROFIT PUT PRESSURE ON BANK PROSPECTS IN 2023
The outlook for the banking industry this year will not be as bright as previous years due to low credit growth and reducing profit, experts forecast. In a rec…
TAX AUTHORITIES TO CUT AT LEAST 20 PER CENT OF COMPLIANCE COSTS RELATED TO BUSINESS ACTIVITIES
The General Department of Taxation (GDT) has said that it guaranteed to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent…
MORE ROOM FOR IT STOCKS TO GROW FURTHER
In the first half of the year, the revenue of digital technology enterprises was more than VNĐ1.44 quadrillion (US$59.6 billion), down 10.35 per cent year-on…
COMMERCIAL BANKS CONTINUE TO CUT DEPOSIT INTEREST RATES
In line with this trend, Military Bank (MB) has revised its rates downward by 0.1-0.2 percentage points per year as of 15 August 2023. Significantly, the 12-m…
LENDING RATE FORECAST TO DROP SHARPLY IN H2 2023
Lending interest rates will drop sharply in the second half of 2023 as capital costs of commercial banks are falling, analysts forecast. In a recent report, Vn…
CUTTING RATES TOO QUICKLY COULD LEAD TO CREDIT RISK
As firms are facing many difficulties and the capital absorption of the economy in the first half of 2023 hit the lowest level in the past 13 years, the Govern…
BANKING ORGANISATIONS SEEK VAT REDUCTION ADDITION
The Vietnam Banks Association has proposed a 2 per cent VAT reduction for the entire banking sector, which is currently excluded from the list of sectors e…
