Vietinbank officially merges with PGBank

Saturday, May 23, 2015

Viet Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PGBank) signed an official merger document yesterday, thereby opening opportunities for the new bank.

SBV to buy ‘idle' gold bars for forex reserve

Tuesday, May 19, 2015

The State Bank of Viet Nam (SBV) will buy gold bars lying idle with domestic individuals and organisations to increase Viet Nam''s foreign exchange reserves as and when conditions permit.

Sacombank to open wholly-owned Laos unit

Tuesday, Mar 31, 2015

The State Bank of Viet Nam (SBV)''s Governor Nguyen Van Binh has approved Sai Gon Thuong Tin Bank (Sacombank) opening a wholly-owned subsidiary bank in Laos.

ADB loans $50m for tourism infrastructure

Wednesday, Nov 26, 2014

The Asian Development Bank (ADB) and the Vietnamese Government yesterday afternoon signed a US$50-million loan agreement to upgrade Viet Nam''s tourism infrastructure.

Capital injection needed to cut loan interest rates

Tuesday, Oct 07, 2014

The State Bank of Viet Nam needs to inject privileged capital into the banking system to help credit institutions cut lending costs without causing a systematic imbalance in interest rates.

Central Bank announces plan to hold exchange rate steady

Tuesday, Oct 07, 2014

The State Bank of Viet Nam (SBV) has affirmed that it would maintain the current average interbank exchange rate of the Vietnamese dong and the US dollar.

No housing loan for civil servants

Friday, Oct 03, 2014

The State Bank of Viet Nam (SBV) last Wednesday denied offering a VND2-billion (US$95,200) credit package to high-income civil servants and soldiers who want to buy a house or apartment.

State bank still plans 12-14% credit growth

Tuesday, Sep 30, 2014

The State Bank of Viet Nam''s Governor, Nguyen Van Binh, yesterday told the Standing Committee of the National Assembly that banks this year would achieve 12-14 per cent credit growth.

Young entrepreneurs seek monetary policy loosening

Friday, Sep 26, 2014

Young entrepreneurs have asked the State Bank of Viet Nam (SBV) to consider loosening monetary policy to inject more capital into the market and stimulate economic growth.

SBV borrowers asked to report overcharging

Thursday, Sep 25, 2014

The State Bank of Viet Nam Governor Nguyen Van Binh has asked borrowers to report any instance of banks overcharging them for early loan repayments.

SBV Governor plans flexible monetary policy for H2

Thursday, Jul 10, 2014

State Bank of Viet Nam''s Governor Nguyen Van Binh is planning a more flexible monetary policy in the second half of this year to achieve credit growth of 12 to 14 per cent by year-end.

Gov't loans to support East Sea fishermen

Thursday, Jun 05, 2014

The State Bank of Viet Nam''s Governor Nguyen Van Binh spoke to the press on the sidelines of the National Assembly meeting about the Government''s plan to provide finances to fishermen. The following is an excerpt of the interview:

SBV appoints VAMC Chairman

Thursday, May 22, 2014

The State Bank of Viet Nam (SBV) has appointed Vice Chairman of the Vietnam Asset Management (VAMC)''s Member Council Nguyen Quoc Hung as its chairman.

‘Privileged' SMEs suffer credit freeze

Tuesday, May 13, 2014

Bank loans for small- and medium-sized enterprises (SMEs) came to a standstill in the first four months of 2014 and experts remain divided over the possibility of credit guarantees improving the situation.

Central bank adds to forex reserves

Wednesday, Apr 02, 2014

The State Bank of Viet Nam (SBV) purchased roughly US$7.7 billion worth of foreign currency for the national foreign exchange reserve in the first quarter this year thanks to stable foreign exchange rates, SBV Governor Nguyen Van Binh said.