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State Bank of Viet Nam (SBV)

Commercial banks directed to  facilitate lending for rice purchasing, trading

Commercial banks directed to  facilitate lending for rice purchasing, trading

SBV has asked commercial banks to proactively balance capital sources, and promptly meet the loan needs of people and businesses producing, processing, purchasing, temporarily storing and exporting rice, especially during the winter-spring crop of 2023-24, in the Cửu Long (Mekong) Delta region.
New regulation on management of gold bar production issued

New regulation on management of gold bar production issued

After many days under strong fluctuation, domestic gold price has become more stable after the issuance of the SBV’s Decision 02/QĐ-NHNN.
State bank launches VNĐ15 trillion credit package to support forestry and fishery businesses

State bank launches VNĐ15 trillion credit package to support forestry and fishery businesses

Under Document No 5631, the eligible borrowers of this credit package are customers who have projects or plans to serve production and business activities in forestry and fishery areas.
HCM City banks sign up to lend 33.3 million to businesses

HCM City banks sign up to lend $33.3 million to businesses

Many banks in HCM City have committed to providing loans worth nearly VNĐ793 billion(US$33.3 million) at preferential interest rates to 34 enterprises and business households in the city’s Tân Bình and Tân Phú districts.
SBV works to mitigate potential risks for non-banking credit institutions

SBV works to mitigate potential risks for non-banking credit institutions

The State Bank of Viet Nam (SBV) is collecting comments on its draft circular to minimise potential risks for non-banking credit institutions and ensure they work in accordance with international standards.
Banks return on earning assets declines

Banks’ return on earning assets declines

Banks have continued to record a decrease in the ratio of return on earning assets due to the lending interest rate cut to support COVID-19 affected customers.
Banks offer higher deposit rates after credit growth quota expanded

Banks offer higher deposit rates after credit growth quota expanded

Many banks have increased their interest rates to attract more depositors after getting a credit growth quota expansion from the State Bank of Viet Nam (SBV).
Profit down in Q3, likely to pick up in Q4: banks

Profit down in Q3, likely to pick up in Q4: banks

Commercial banks have recorded lower profit during the third quarter of the year with the underlying cause being the fourth outbreak of the novel coronavirus, which resulted in lockdowns in major cities and provinces across the country. 
Banks warned of bad debts post pandemic

Banks warned of bad debts post pandemic

Amid the devastating impacts of the COVID-19 pandemic on the whole economy and calls for support from enterprises, the State Bank of Viet Nam (SBV) has drafted new regulations which are supposed to help ease their financial burdens.
Banks lending big to keep agriculture sector ticking

Banks lending big to keep agriculture sector ticking

According to the State Bank of Viet Nam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VND2.3 million billion (US$100 billion), or 24.6 per cent of the banking sector’s total...
Credit expands quickly in H1, central bank might consider credit room extension

Credit expands quickly in H1, central bank might consider credit room extension

With credit expanding quickly in the first half of this year, the State Bank of Viet Nam (SBV) said in its press conference on Monday that the credit growth target for the full year of 2021 at 12 per cent...
Agency banking model develops in rural, remote locations

Agency banking model develops in rural, remote locations

The State Bank of Viet Nam (SBV) is amending regulations related to the operation of agency banking to improve access to the banking system.
Banks warned about loans to big corporate customers

Banks warned about loans to big corporate customers

The State Bank of Viet Nam (SBV) has warned commercial banks about rising bad debts and loans from large corporate customers whose credit values top VND500 billion (US$21.5 million) each.
Banks watch on loans to potentially risky areas

Banks watch on loans to potentially risky areas

State Bank of Viet Nam (SBV)’s governor Nguyen Thi Hong has directed commercial banks to scrutinise whether a large amount of bank loans in the first quarter flew into potentially risky areas or not to timely take suitable measures.
Banks cut interest rates from October

Banks cut interest rates from October

Many banks have cut deposit interest rates after the State Bank of Viet Nam (SBV) lowered the ceiling levels of interest rates from October 1.