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.

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.

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.

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.

Quality focus lowers 2013 lending: SBV

Tuesday, Dec 17, 2013

Lending this year rose only 8.8 per cent against the end of 2012, and lower than the 12 per cent growth target set by the State Bank of Viet Nam.

Credit growth up 4.91 per cent in H1

Wednesday, Jul 31, 2013

Total outstanding loans in the country''s banking sector grew 4.91 per cent from last December, according to the State Bank of Viet Nam (SBV).