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Economy

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Government gets $9.4bln from State-owned enterprise equitisation

Between 2016 and June 2020, equitisation of State-owned enterprises and State capital divestment brought $9.4 billion, reported the steering committee for enterprise reform and development.

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Central bank cuts compulsory reserve interest rates to support pandemic-hit economy

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.

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Central bank vows to intervene in gold market

The State Bank of Vietnam has said it will have measure to stabilize the domestic gold market as prices kept soaring recent days.