sbv

Aiming for 16% credit growth and removing credit room allocation

09:17 | 14/02/2025 Import-Export

VCN - A representative of the State Bank of Vietnam (SBV) said that the SBV is gradually innovating its credit management methods, aiming to remove the mechanism of allocating credit room to each credit institution.

Difficulty in finding banks eligible to receive compulsory transfers

15:49 | 25/10/2024 Finance

VCN - Additionally, the SBV continues to put DongA Bank and SCB under special control.

Pressure on exchange rate plunges

18:02 | 01/09/2024 Finance

VCN - Currently, the sharp decrease in pressure on the exchange rate in August thanks to the weakening of the USD, and the maintained and improved stability of Vietnam's macro environment will be a basis for stabilizing the exchange rate in 2024.

SBV drafts regulations on a testing mechanism for Fintech

09:52 | 11/03/2024 Regulations

VCN - To prevent risks and promote new products, services, and business models, the State Bank of Vietnam (SBV) has developed a draft Government decree stipulating a controlled testing mechanism in the banking sector.

Credit institutions can immediately redeem sold corporate bonds

13:55 | 04/01/2024 Finance

VCN - The State Bank of Vietnam (SBV) is gathering comments on the draft Circular amending and supplementing a number of articles of Circular No. 16/2021/TT-NHNN regulating credit institutions and foreign bank branches on buying and selling corporate bond

Flexible and timely supply of capital to businesses at the right time

10:21 | 26/09/2023 Finance

VCN - In this context, promoting credit injection into the economy is an issue of great concern to businesses and management agencies. However, to be able to promote credit, there needs to be solutions from both sides.

Supplement regulations on lending activities: Credit barriers or tighter risk control?

11:50 | 29/07/2023 Finance

VCN - At the end of June, the State Bank of Vietnam (SBV) issued Circular No. 06/2023/TT-NHNN (Circular 06), amending and supplementing some provisions of Circular 39/2016/TT-NHNN dated December 30, 2016, which regulates lending activities of credit insti

Banks are cautious about profit target

10:11 | 18/07/2023 Finance

VCN - In the second half of the year, the fact that the State Bank of Vietnam (SBV) continuously cut operating interest rates at the end of the second quarter of 2023 has helped banks' capital costs to be reduced sharply, credit growth has also increased,

Establishing a trend of decreasing interest rates for the market

13:37 | 30/06/2023 Import-Export

VCN - The State Bank of Vietnam (SBV) has decided to further reduce some operating interest rates for the fourth time this year since June 19. This move is considered by experts to be strong and appropriate in the current context.

Deputy Governor of SBV: Interest rates are falling

09:21 | 13/06/2023 Finance

VCN - With the current movements and directions on reducing interest rates, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha expressed his belief that the interest rate level will decrease soon.

SBV Governor explains high lending rates, credit room management

15:53 | 01/06/2023 Finance

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.

State Bank explains why lending interest rates are still high

13:51 | 23/05/2023 Finance

VCN - Information on the management of monetary policy and new interest rates announced by the State Bank of Vietnam said that, based on the management and direction of the State Bank, up to now, the interest rate level has been stable, new interest rates

Banks set a lot of "ambitions" with the goal of credit growth

19:05 | 02/05/2023 Finance

VCN - After two times of lowering the operating interest rate from the management agency, the deposit interest rate has dropped quite sharply, helping to create the expectation that the lending interest rate will go down, thereby stimulating a credit incr

Solving the challenge of capital for businesses

09:24 | 30/03/2023 Import-Export

VCN- Regarding this issue, Pham Van Viet, Vice Chairman of HCM City Textile and Garment Embroidery Association, stated that businesses needed loans at the beginning of the year to operate.

Credit growth projected to reach 14-15% in 2023

15:40 | 17/02/2023 Finance

The State Bank of Vietnam (SBV) has expected credit growth to hit 14-15% this year, leaving a possibility that it might adjust the orientation to suit the actual business situation and developments.