31st Sea Games - Vietnam 2021 Covid-19 Pandemic

Banks

Moody’s raises rating for 15 Vietnamese banks

Moody’s raises rating for 15 Vietnamese banks

Moody’s decision in upgrading the country’s outlook by two ranks from negative to positive is “unprecedented” since the Covid-19 outbreak, stated Vietnam’s Finance Ministry.

Interest rates likely to raise at end of first quarter

Interest rates likely to raise at end of first quarter

A low-interest rate environment in long term could make capital available for other investment channels, so banks are under pressure to readjust their savings mobilization rates to better attract idle capital.

Banks urged to forego profit to aid economy: Expert

Banks urged to forego profit to aid economy: Expert

It seems a call from the central bank for credit institutions to forego their profits in 2020 to aid customers and businesses affected by the pandemic have not been effectively implemented.