SBV to propose establishment of gold exchange at appropriate time

Monday, Nov 11, 2024

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.

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

Tuesday, Nov 08, 2022

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

Work needed on non-cash payments for public services

Friday, Aug 23, 2019

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 quota depends on banks’ health

Friday, Jan 25, 2019

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.

Central bank made $9 billion net injection in H1

Friday, Jul 13, 2018

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.

Foreign reserves at record $57b

Friday, Feb 09, 2018

State Bank of Viet Nam (SBV) continues to build up its foreign exchange reserves to cushion external shocks, raising the fund to more than US$57 billion till February 6.

Bank loans for securities sector falls to $444.4m

Thursday, Nov 23, 2017

Total lending of the banking sector for securities trading has reached VND10 trillion (US$444.4 million), according to State Bank of Viet Nam (SBV) governor Le Minh Hung.

SBV permits Thai bank to open VN branch

Tuesday, Dec 22, 2015

The State Bank of Viet Nam (SBV) governor has approved Thailand''s Siam Commercial Bank Pcl''s (SCB) plan to open a branch in Ho Chi Minh City.

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.