Support clearance procedures for imported gold for bidding

Support clearance procedures for imported gold for bidding

The State Bank (SBV) has sent a document to competent ministries and branches requesting coordination in implementing the Prime Minister's direction in gold market management.
State Bank of Vietnam issues 409.9 million USD worth of T-bills

State Bank of Vietnam issues 409.9 million USD worth of T-bills

The State Bank of Vietnam on October 3 offered 28-day treasury bills (T-bills) worth 10 trillion VND (409.9 million USD) through the interest rate auction mechanism.
The thrust from the legal corridor for digital bank transformation

The thrust from the legal corridor for digital bank transformation

VCN - In addition to the digital banking model (Agribank Digital) being implemented, Agribank is currently testing and will deploy according to the roadmap of applying citizenship identification (CID) to attach chips to transaction activities.
Credit room has been eased, can enterprises solve the "thirst" for capital?

Credit room has been eased, can enterprises solve the "thirst" for capital?

VCN - In this credit limit adjustment, Sacombank was granted 4%, bringing the total credit growth limit for the whole year to 11%.
Prevent money laundering risks through virtual money, virtual assets

Prevent money laundering risks through virtual money, virtual assets

Money laundering is increasingly sophisticated with many new forms, especially those related to virtual money and virtual assets because this is a rapidly developing and complex field.
Demand for cash at the end of the year will not be high: SBV

Demand for cash at the end of the year will not be high: SBV

The need to withdraw cash at ATMs at the end of this year and the upcoming Lunar New Year will not be as high as in previous years, said Lê Anh Dũng, deputy director of the Payment Department under the State Bank of Việt Nam (SBV).
Việt Nam likely to achieve rice export target this year

Việt Nam likely to achieve rice export target this year

Việt Namnbsp;is expected to achieve its rice export target of 6.3 million tonnes worth US$3.2 billion this year due to high globalnbsp;demandnbsp;and an increase in export prices.
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.
"Upgrading regulations" into a law on bad debt handling

"Upgrading regulations" into a law on bad debt handling

VCN- According to Mr. Nguyen Quoc Hung, General Secretary of VNBA, Resolution No. 42/2017/QH14 on piloting bad debt settlement of credit institutions was promulgated by the National Assembly on June 21, 2017, effective from August 15, 2017.
Worries about credit standards with increase of bad debts

Worries about credit standards with increase of bad debts

A major worry of the banking sector for the whole of 2021 is the increase of bad debt, especially when there are many potential bad debts under restructuring.
Bank interest in 2021 will remain at low level

Bank interest in 2021 will remain at low level

In 2020, banks’ deposit interest rates plummeted, of which interest rates for one and two-month terms fell to an unprecedented level at 2.55% year.
Credit growth forecast to hit 11% by year-end

Credit growth forecast to hit 11% by year-end

The banking industry's credit is projected to have expanded 11% for the year by the end of December, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed at a press conference on December 24.
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.
Evaluating the progress of implementing the ASEAN monetary - financial integration roadmap

Evaluating the progress of implementing the ASEAN monetary - financial integration roadmap

The Ministry of Finance worked with the State Bank of Vietnam to organise the press conference on the conference of Minister of Finance and Governor of the Central Bank of ASEAN 2020
Banks to continually cut costs to aid COVID-19 affected firms

Banks to continually cut costs to aid COVID-19 affected firms

The State Bank of Vietnam SBV has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID 19 affected firms and individuals
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