Vietnam's central bank said on Tuesday it would work to keep foreign exchange rates stable this year as part of efforts to prevent an economic slowdown. The comments by deputy State Bank Governor Nguyen Van Binh come after a dramatic 2008 when Vietnam devalued its closely managed currency twice and widened the trading band for the unit three times to help the economy deal with an economic slump.
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) announces its subsidy package for loans nationwide. The preferential interest rate, including interest discount, for export enterprises is from 1.5% p.a; for other enterprises, the rate is from 4.8% p.a. The total subsidy package is valued around VND 25,000 - 30,000 billion. The loan subsidy package supports manufacturers of consumer goods and exports. It aims to improve price competitiveness of Vietnam's enterprises
The State Bank of Vietnam on February 04 issued Circular 02/2009/TT-NHNN instructing interest rate support, implementation of Decision 131/QD-TTg dated 23 January 2009 of the government on subsidising interest rates for individuals, organisations borrowing loans from banks for production and business. Banks on February 5 started realising their disbursement plans. Director General of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) Tran Xuan Huy said that the bank is also following Circular 02
Hanoi, 4 February, 2009: Bloomberg co-operated with Sacombank Securities Ltd. (Sacombank-SBS) to organize a seminar called “Vietnam Securities Market in the overall financial sector in Asia Pacific 2009” at Dong Da Sacombank-SBS transaction office (60 A Nguyen Chi Thanh, Hanoi) in order to give investors a clearer view about the market trend of Vietnam in connection to Asian Pacific economy in 2009.