State Bank of Vietnam (SBV)

January 31, 2023 01:53

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Vietnamese

2023 a promising year for tourism: official State-owned banks under capital increase pressure Vietnam posts trade surplus of 3.6 billion USD in January

Banks race to raise charter capital
A number of banks have been approved by the State Bank (SBV) to increase charter capital as well as plan to increase charter capital in the near future.
The banking sector continues to promote system restructuring and bad debt handling
The financial potential of the entire credit institution system in Vietnam is still low, so the SBV has continued to issue an action plan on restructuring the system associated with ...
Banks' bad debt continues to increase
Not only wanting to legislate Resolution 42 on dealing with bad debts, banks also expect a more developed debt trading market, with a mechanism to support banks in handling bad ...
It is necessary to promulgate the revised Law on Insurance Business
Minister of Finance Ho Duc Phoc gave a presentation about the Government's proposal on the draft of revised Law on Insurance Business at the third meeting of the National Assembly ...
Amending Circular 03: Extending debt restructuring period, not extending provisioning
According to the draft amendment to Circular 03/2021/TT-NHNN, the debt restructuring period will be extended to June 30, 2022 instead of the current end of 2021
State Bank wants to 'legalize' bad debt handling
The State Bank of Vietnam (SBV) has officially proposed a Law on Handling Bad Debts of Credit Institutions (CIs), when the Covid-19 pandemic may increase bad debts
Will exchange rate movements at the end of the year stay stable?
In the first six months of 2021, the USD/VND exchange rate continued to remain stable when the central exchange rate only increased by 0.2% compared to the beginning of the ...
Interest will be adjusted based on the market and each bank
The State Bank of Vietnam (SBV) has experience in dealing with different price increases in the world, so it will have an appropriate interest rate management policy.
Many incentives but do firms really enjoy low lending rates?
The credit demand of businesses is increasing as the economy is active again, so it is likely to impact lending rates at banks.
Interest rate can set new ground: Going up or down?
Forecasts show that interest rates will establish new ground in the second quarter of 2021. Meanwhile, many said that the economy still has many problems that could push interest rates ...
How are 17 important banks doing business in 2021?
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has just approved 17 credit institutions and branches of foreign banks by 2021.
Export credit packages: motivation for businesses in difficult times
Under the impact of the Covid-19 pandemic, many enterprises operating in the import and export sector face many difficulties
The SBV suddenly reduces interest rates of required reserves
The State Bank of Vietnam (SBV) announced the decision on reducing a number of operating interest rates with a decrease of 0.2 – 0.5% per year.
Lowering operating interest rate with lags in support of economy
The US Federal Reserve System (FED) has launched an unprecedented economic support package, including many different tools