Central bank targets credit growth of 12% in 2021

Central bank targets credit growth of 12% in 2021

The State Bank of Vietnam (SBV) targets a credit growth rate of 12% in 2021, equivalent to the growth of 12.13% last year, according to SBV Deputy Governor Dao Minh Tu.
Central bank extends credit growth limits

Central bank extends credit growth limits

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
Credit growth up 6.09 percent: central bank

Credit growth up 6.09 percent: central bank

The State Bank of Vietnam (SBV) said on October 2 that as of September 30, credit had expanded 6.09 percent as compared with the end of 2019.
Central bank further cuts benchmark interest rate to aid economy

Central bank further cuts benchmark interest rate to aid economy

The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.
Central bank to adjust monetary policies to weather pandemic

Central bank to adjust monetary policies to weather pandemic

The State Bank of Vietnam SBV announced it could adjust monetary policies including credit growth and incentives in the remaining months of the year to cope with the COVID 19 pandemic
Central bank slashs rates to aid post-pandemic recovery

Central bank slashs rates to aid post-pandemic recovery

The State Bank of Việt Nam on Tuesday decided to slash many rates by up to 0.5 percentage points for the second time in 30 days in a bid to get the economy back on track after the COVID-19 pandemic.
Central bank asks for cut in electronic fund transfer fees

Central bank asks for cut in electronic fund transfer fees

The State Bank of Vietnam SBV on March 31 issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 percent for local banks
Central bank cuts interest rates to buffer COVID-19 impact

Central bank cuts interest rates to buffer COVID-19 impact

The State Bank of Vietnam SBV will cut its policy rates starting from March 17 in an attempt to support the economy which has been hurt by the COVID 19 outbreak
Central bank cuts interest rate

Central bank cuts interest rate

The State Bank of Vietnam (SBV) slashed interest rates for the second time since September.
Central bank warns of NPLs from transport projects

Central bank warns of NPLs from transport projects

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport pr
Central bank warns against P2P lending

Central bank warns against P2P lending

The State Bank of Vietnam (SBV) has told credit institutions to carefully consider signing cooperation deals with suppliers of peer-to-peer (P2P) lending services because of the high default risk, local media reported.
Central bank advocates digital banking development

Central bank advocates digital banking development

The State Bank of Vietnam is encouraging credit institutions to forge closer ties with fintech firms in order to develop Industry 4.0-based applications and subsequently offer more benefits to individual users and enterprises.
Central bank to continue managing monetary policy

Central bank to continue managing monetary policy

The State Bank of Vietnam (SBV) said on May 30 that it will continue to coordinate with relevant Vietnamese ministries and agencies regarding the US Department of Treasury’s issues of concern, in the spirit of cooperation.
Central bank retains top spot on administration reforms

Central bank retains top spot on administration reforms

The State Bank of Vietnam (SBV) ranked first in the administration reform index among ministries and ministry-level agencies for the fourth consecutive year, with a score of 90.57 per cent.
VCCI suggests central bank reconsider cash loan proposals

VCCI suggests central bank reconsider cash loan proposals

The Vietnam Chamber of Commerce and Industry VCCI this week suggested the State Bank of Vietnam SBV reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies
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