State Bank of Vietnam cuts some interest rates

State Bank of Vietnam cuts some interest rates

The State Bank of Vietnam SBV on August 6 announced its decision on cutting some policy rates with immediate effect the second time this year following the adjustment on March 16
More monetary easing measures forecast in 2020

More monetary easing measures forecast in 2020

The State Bank of Vietnam SBV is expected to further take monetary easing measures to support the country GDP growth target of above 5 percent this year in light of a weak economic outlook
Banks poised to disinfect notes to prevent further COVID-19 spread

Banks poised to disinfect notes to prevent further COVID-19 spread

The State Bank of Vietnam (SBV) have requested that banks move to disinfect bills whilst also encouraging people to use contactless forms of payment in an effort to contain the spread of the novel coronavirus (COVID-19) among the wider community.
Banks poised to disinfect notes to prevent further COVID-19 spread

Banks poised to disinfect notes to prevent further COVID-19 spread

The State Bank of Vietnam (SBV) have requested that banks move to disinfect bills whilst also encouraging people to use contactless forms of payment in an effort to contain the spread of the novel coronavirus (COVID-19) among the wider community.
SBV responds to US’s latest forex exchange report

SBV responds to US’s latest forex exchange report

The State Bank of Vietnam SBV said it will continue coordinating with concerned Vietnamese ministries and agencies to communicate with the US regarding the US Department of Treasury latest report on macroeconomic and foreign exchange policies of major tra
Credit growth exceeds 13 percent in 2019

Credit growth exceeds 13 percent in 2019

Credit grew over 13 percent in 2019 slightly below the yearly target of 14 percent a senior official from the State Bank of Vietnam SBV told a recent press conference
Vietnam’s foreign reserves surge 2.5 times over 2015

Vietnam’s foreign reserves surge 2.5 times over 2015

Vietnam foreign reserves have surged 2 5 times against 2015 Governor of the State Bank of Vietnam SBV Le Minh Hung said
Credit institutions expect rosy prospects for 2019

Credit institutions expect rosy prospects for 2019

Most of credit institutions have expected better business performance for the fourth quarter as well as the whole of 2019, according to a recent survey by the State Bank of Vietnam.
State Bank of Vietnam cuts official interest rates

State Bank of Vietnam cuts official interest rates

The State Bank of Vietnam SBV said the official interest rates will be adjusted down as from September 16
Foreign currency reserves hit 68 billion USD in H1

Foreign currency reserves hit 68 billion USD in H1

The State Bank of Vietnam (SBV) has reported a foreign currency reserve amount of 68 billion USD in the first half of 2019, the highest level so far.
Credit quota expansion yet to be approved for all

Credit quota expansion yet to be approved for all

Some commercial banks have managed to gain approval for an enlarged credit quota from the State Bank of Vietnam, whilst others failed to do so.
Interest rates to remain on hold through 2019

Interest rates to remain on hold through 2019

The State Bank of Vietnam would hold its benchmark refinancing and discount rate at 6.25 per cent and 4.25 per cent, respectively, along with its 14 per cent credit growth target to be kept for the remainder of 2019, Fitch Solutions analysts have predicte
Regulations on account management of State Treasury at commercial banks

Regulations on account management of State Treasury at commercial banks

The Ministry of Finance announced it would collect feedback for draft decree regulating the management and using account of State Treasury
The amendment of Circular 36 will overcome the financial imbalance

The amendment of Circular 36 will overcome the financial imbalance

VCN - The State Bank of Vietnam (SBV) is taking public comments on the draft circular replacing Circular 36/2014/TT-NHNN restricting the prudential rate of credit institutions and foreign bank branches.
Most adults must have bank accounts by 2030

Most adults must have bank accounts by 2030

The State Bank of Vietnam (SBV) must take action to ensure 90 percent of the Vietnamese population over the age of 15 have bank accounts by 2030.
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