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Le Minh Hung

Stronger money policies might be considered to aid economic growth

Stronger money policies might be considered to aid economic growth

The central bank’s statistics showed loan payment deadlines were restructured for nearly 260,000 customers with outstanding loans worth nearly VND18 trillion.
Banking sector reviews effects of Covid-19 pandemic, prepare for difficult year

Banking sector reviews effects of Covid-19 pandemic, prepare for difficult year

The governor of the State Bank of Viet Nam, Le Minh Hung, has called on banks to simplify lending procedures to help COVID-19-affected firms.
Banks urged to further support COVID-19 affected customers

Banks urged to further support COVID-19 affected customers

Governor of the State Bank of Viet Nam Le Minh Hung has called on commercial banks to urgently simplify lending procedures to help COVID-19-affected firms easily access preferential interest rate loans.
Government backs capital hike plans for four State-owned banks

Government backs capital hike plans for four State-owned banks

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.
Viet Nams foreign reserves surge 2.5 times over 2015

Viet Nam’s foreign reserves surge 2.5 times over 2015

Viet Nam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Viet Nam (SBV) Le Minh Hung said.
Work needed on non-cash payments for public services

Work needed on non-cash payments for public services

Governor of the State Bank of Viet Nam Le Minh Hung has asked relevant agencies to help implement non-cash payments for public services, including tax, electricity, water, hospital and education fees.
Credit growth expanded 7.33% in H1 2019: SBV Governor

Credit growth expanded 7.33% in H1 2019: SBV Governor

The credit growth of Vietnamese banks in the first half of this year expanded by 7.33 per cent against the end of 2018, Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng said.
Central bank enhances measures against loan sharks

Central bank enhances measures against loan sharks

Governor of the State Bank of Viet Nam (SBV) Le Minh Hung on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan...
Central bank asks for tightened control over real estate loans

Central bank asks for tightened control over real estate loans

The State Bank of Viet Nam (SBV) has asked control over real estate loans of credit institutions to be enhanced, especially in areas showing signs of land price fevers.
Govt urged to help local banks lure foreign capital

Gov’t urged to help local banks lure foreign capital

The Government should help Vietnamese banks lure capital and experience from prestigious foreign banks so as to help local firms develop sustainably, experts said.
Central bank asks help in fighting black credit

Central bank asks help in fighting black credit

Governor of the State Bank of Viet Nam Le Minh Hung issued a document early this week to ask co-operation from local authorities in expanding credit, part of efforts to prevent loan sharking.
Credit growth quota depends on banks health

Credit growth quota depends on banks’ health

The State Bank of Viet Nam (SBV) has said it would continue allocating credit growth limits for commercial bank this year to match the 14 per cent growth target set for the entire banking sector.
Credit institutions urged to resolve bad debts

Credit institutions urged to resolve bad debts

Governor of the State Bank of Viet Nam Le Minh Hung has urged credit institutions and foreign banks’ branches to further speed up the settlement of non-performing loans (NPLs).
SBV requests control on foreign currency loans

SBV requests control on foreign currency loans

Governor of the State Bank of Viet Nam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
Central bank made 9 billion net injection in H1

Central bank made $9 billion net injection in H1

Commercial banks’ liquidity was good in the first half of this year thanks to the State Bank of Viet Nam’s (SBV) net injection of nearly VND210 trillion (US$9.17 billion), the latest report from the National Financial Supervisory Commission showed.