The State Bank of Viet Nam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of...
Governor of the State Bank of Viet Nam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
The Governor of the State Bank of Viet Nam (SBV)
issued Circular No 29/2013/TT-NHNN on lending in foreign currency by
credit institutions and foreign bank branches to resident borrowers on 6
December 2013.
Foreign currency lending is likely to end sooner than the Government''s
original schedule because the central bank''s efforts to limit its use in
the economy have proven effective, the Viet Nam Investment Review has
reported, citing an unnamed source.
