State Bank rate hike necessary to defend VN đồng, control inflation

State Bank rate hike necessary to defend VN đồng, control inflation

ADB Country Director Andrew Jeffries spoke to Vietnam News Agency on this move in the context of the US’ Fed, ECB and a number of other central banks raising their rates to curb inflation.
State Bank’ rate hike necessary to defend VN dong, control inflation: ADB Country Director

State Bank’ rate hike necessary to defend VN dong, control inflation: ADB Country Director

ADB Country Director Andrew Jeffries has talked to the Vietnam News Agency on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation.
Inflation pressure is only moderate, monetary policy does not need to be changed

Inflation pressure is only moderate, monetary policy does not need to be changed

VCN - Many current comments say that operating interest rates are under pressure and may be adjusted by the State Bank this year. In my opinion, the operating interest rate is not affected much.
Pressure to increase the exchange rate, will the State Bank take action?

Pressure to increase the exchange rate, will the State Bank take action?

VCN - Pham Chi Quang, Deputy Director General in charge of the Monetary Policy Department, State Bank of Vietnam (SBV), said that the agency will increase the frequency of selling foreign currency interventions.
Loosening credit room: caution necessary

Loosening credit room: caution necessary

VCN - According to data from the State Bank of Vietnam (SBV), as of May 27, credit is estimated to increase by 7.75%, about two times higher than the same period in 2021.
Deputy Governor of the State Bank: Do not let policies be exploited

Deputy Governor of the State Bank: Do not let policies be exploited

VCN - According to Mr. Dao Minh Tu (pictured), Standing Deputy Governor of the State Bank of Vietnam (SBV), there are positive signs that these sectors and fields have recovered and credit is on the right track.
State bank governor, agriculture and finance ministers to be quizzed by legislators

State bank governor, agriculture and finance ministers to be quizzed by legislators

State bank governor Nguyễn Thị Hồng, Agriculture and Rural Development Minister Lê Minh Hoan, Finance Minister Hồ Đức Phớc and Transport Minister Nguyễn Văn Thể will answer questions from delegates of the National Assembly (NA) in its third session, said the assembly’s Standing Committee.
VBSP to roll out interest cuts worth VNĐ3 trillion this year

VBSP to roll out interest cuts worth VNĐ3 trillion this year

The State Bank of Vietnam (SBV) has been working around the clock to ensure the smooth implementation of an interest rate package cut through the Vietnam Bank of Social Policies (VBSP).
Việt Nam to have a regulation on offshore loans

Việt Nam to have a regulation on offshore loans

The State Bank of Việt Nam (SBV) is collecting opinions from organisations and individuals on the Prime Minister's draft decision on offshore loans and guarantees for non-residents of economic organisations.
MoF and State Bank sign regulations on foreign exchange

MoF and State Bank sign regulations on foreign exchange

VCN - The MoF and the SBV have combined fiscal policy and monetary policy, contributing to stabilizing the macro-economy and promoting economic development.
Should the method of controlling credit room of banks be changed?

Should the method of controlling credit room of banks be changed?

VCN - In 2021, the State Bank of Vietnam extended the credit growth limits for the third time for banks. Therefore, many banks were given permission to increase their credit growth limit to over 20%, such as TPBank, Techcombank, MSB and MB.
State Bank of Vietnam draft regulations on social housing lending cause controversy.

State Bank of Vietnam draft regulations on social housing lending cause controversy.

The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.
State Bank agrees to extend debt rescheduling for six months

State Bank agrees to extend debt rescheduling for six months

The State Bank of Việt Nam (SBV) agreed to extend debt rescheduling for businesses for a further six months until June 30, 2022.
If the credit limit is extended, will cash flow into production and business?

If the credit limit is extended, will cash flow into production and business?

VCN-As of the end of May, credit growth reached 4.67%. According to the financial statements of the first quarter of the banks, credit growth is diverging quite strongly.
Where does the money "flow" to?

Where does the money "flow" to?

VCN- Regarding the cash flow since mid-2020, an economic expert was concerned that the Covid-19 pandemic is still causing issues around the world.
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