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SBV to propose establishment of gold exchange at appropriate time

SBV to propose establishment of gold exchange at appropriate time

Governor Hồng said the establishment of a gold exchange has positive aspects such as transparency and more favourable conditions for buying and selling needs of people and businesses, however, it requires investment in infrastructure.
Banks not allowed to offer promotions to depositors

Banks not allowed to offer promotions to depositors

Credit institutions are not allowed to offer promotional incentives in cash, interests or other forms, to lure depositors, according to recently issued circulars on interest rates for deposits in Vietnamese đồng and US dollar.
Credit growth target is within reach to contribute to boosting economic growth: SBV

Credit growth target is within reach to contribute to boosting economic growth: SBV

Another important factor is to increase the capital absorption capacity of enterprises which will require a combination of macro policies to favourable conditions for businesses, SBV''s Deputy Governor Đào Minh Tú said.
Social housing credit package to be made more preferential to increase disbursement

Social housing credit package to be made more preferential to increase disbursement

Statistics of the State Bank of Việt Nam’s Credit Department showed that to date, VNĐ1.344 trillion from the social housing credit package has been disbursed, 96.4 per cent of which was provided to project’s developers, while just a modest sum...
Central bank signals no rate hike, continues support policies this year

Central bank signals no rate hike, continues support policies this year

Forecasting that the economy would continue struggling this year, the central bank will consider extending Circular 02 on debt rescheduling to assist in difficulties in 2024.
Việt Nam plays crucial role in driving growth in Asia: forum

Việt Nam plays crucial role in driving growth in Asia: forum

The ‘Green Economy - Opportunity and Cooperation’ forum was organised by the HCM City Investment and Trade Promotion Center in collaboration with the Hyogo Prefecture Government.
US state governor leads delegation to Viet Nam to promote trade

US state governor leads delegation to Viet Nam to promote trade

A visiting delegation from the US’s Nebraska state led by Governor Jim Pillen visited MM Mega Market in HCM City’s Thu Duc City on July 11 to learn about what Vietnamese customers look for at the grocery store and distribution...
US5 billion package for social housing development sees first disbursements

US$5 billion package for social housing development sees first disbursements

Credit institutions are ready to provide loans with preferential rates from the VND120 trillion (US$5.07 billion) package.
SBV has not tightened credit into real estate: deputy governor

SBV has not tightened credit into real estate: deputy governor

Deputy Governor of the State Bank of Viet Nam Dao Minh Tu dismissed the recent rumours from some associations that the central bank has been squeezing loans for this sector.
Liquidity of whole banking system remains good: SBVs Governor

Liquidity of whole banking system remains good: SBV’s Governor

The liquidity of the whole banking system has remained good, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong said on Sunday.
Deposits at banks guaranteed: State Bank Governor

Deposits at banks guaranteed: State Bank Governor

Governor of the State Bank of Viet Nam Nguyen Thi Hong on Monday affirmed that deposits at commercial banks were all guaranteed in every case.
Gap between domestic and global gold prices is reasonable: SBV Governor

Gap between domestic and global gold prices is reasonable: SBV Governor

Governor of the State Bank of Vietnam Nguyen Thi Hong said it is reasonable due to restricted supply according to the country’s policy to restrict gold supply sources with an aim to fight  dollarisation and goldisation in the domestic economy
Banking sector focuses credit on priority fields in 2022

Banking sector focuses credit on priority fields in 2022

In 2022, the banking sector will continue to favourable conditions for liquidity in the economy. Deputy Governor of the State Bank Dao Minh Tu speaks to the Vietnam News Agency about these issues.
Measures sought to promote cooperation between Japans Niigata, Vietnamese localities

Measures sought to promote cooperation between Japan’s Niigata, Vietnamese localities

Vietnamese Ambassador to Japan, Vu Hong Nam, paid a working visit to Niigata to foster economic partnerships between the Japanese prefecture and Vietnamese localities.
Risky to invest in forex trading plaforms: Deputy Governor

Risky to invest in forex trading plaforms: Deputy Governor

Forex trading via investment platforms had not been licensed in Viet Nam, posing significant risks to investors.