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vietnam state bank

Standard Chartered Vietnam increases charter capital, reinforcing its local commitment

Standard Chartered Vietnam increases charter capital, reinforcing its local commitment

Standard Chartered Vietnam has been approved to increase its charter capital to over VND6.9 trillion (US$302.3 million) from VND4.2 trillion ($184 million) by the State Bank of Viet Nam in accordance with Document No 1343/QD-NHNN dated 23 August 2021.
Vietnamese take increasingly to cashless payments

Vietnamese take increasingly to cashless payments

Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam.
Banks forecast strong earnings despite credit slowdown

Banks forecast strong earnings despite credit slowdown

Most domestic credit institutions and foreign banks’ branches in Viet Nam expect better business performance in 2019 despite the predicted credit slowdown.
Viet Nam monetary policy likely to come under pressure from trade war

Viet Nam monetary policy likely to come under pressure from trade war

On August 23 the State Bank of Viet Nam set the benchmark exchange rate at VND23,127 to the dollar, weakening the dong by VND5 compared to the previous five days (August 19).
Fintech firms need clear policy to develop

Fintech firms need clear policy to develop

Viet Nam needs a proper legal framework for financial technology (fintech) services, a State Bank of Vietnam official said on August 20.
VN banks handle 898.4 b through e-payments in Q1

VN banks handle $898.4 b through e-payments in Q1

Infrastructure and technologies for non-cash payment have seen increased investment and improved quality
Credit limit to double for the poor

Credit limit to double for the poor

The Government will double the credit limit for poor people seeking loans without collateral, as part of efforts to reduce poverty and prevent loan sharks.
Cash withdrawal ratio reduced to 10% by end of 2017

Cash withdrawal ratio reduced to 10% by end of 2017

Viet Nam saw a decline in cash withdrawals for the third consecutive year in 2017, with the rate reducing from 15 per cent in 2016 to 10 per cent in 2017, reports from the State Bank of Viet Nam (SBV)...
Improve access to banking services, SBV urges

Improve access to banking services, SBV urges

Deputy Governor of the State Bank of Viet Nam (SBV) Nguyen Kim Anh has asked the banking sector to enhance efforts to improve access to banking services for the economy.
SBV orders enhancement in payment security measures

SBV orders enhancement in payment security measures

SBV has directed relevant agencies to enhance security measures against risks and frauds in payment, following the execution of several scams recently.
SBV to keep forex rate steady for next two months

SBV to keep forex rate steady for next two months

The State Bank of Viet Nam (SBV) would not adjust the US$/VND foreign exchange rate in the inter-bank market for the next two months, according to a newsletter issued by HCM City Securities Company (HSC).