Some banks have increased mobilized capital such as: Bac Giang branch and Bac Giang II Branch of Bank for Agriculture and Rural Development, Bac Giang Branch of Joint Stock Commercial Bank for Investment and Development, Bac Giang Branch of Vietnam Joint Stock Commercial Bank for Industry and Trade.

Illustrative image.

The mobilized capital increased because many units have maintained stable ceiling interest rates in recent times. Some banks have increased their mobilization interest rates by 0.5-1%/year in the past 2-3 months for deposits of VND500 million or more.

The abundant mobilized capital has helped many corporate customers and business households borrow capital in time to restore and expand production.

To date, the total outstanding credit balance of the province has reached over VND104 trillion, an increase of over VND8 trillion compared to December 31 of last year.

Central bank expects gold prices to decrease further

Domestic gold prices might continue to drop, the State Bank of Vietnam has said amid its efforts to narrow their gap with global prices.

BIDV, Agribank promise to sell gold ‘without profit’

BIDV and Agribank will sell gold to retail consumers “without profit” to stabilize its prices, representatives for the state-owned lenders have said.

State Bank announces 4th gold bar auction to stabilise prices

The State Bank of Vietnam (SBV) on May 7 announced a morning auction for a total of 16,800 taels of gold in Hanoi on May 8.

Central bank successfully auctions 3,400 taels of SJC-branded gold bars

The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.

PM asks central bank to keep interests low and financial access easier

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) to keep interest rates low and financial access easier for businesses, according to a new directive on Wednesday.