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SBV

Reform in gold trading regulations is expected to happen this month

Reform in gold trading regulations is expected to happen this month

Việt Nam expects to make a significant shift in its gold trading policies as the Prime Minister has ordered that amendments to Decree 24/2012/NĐ-CP be completed by June. This move would pave the way for businesses to legally import gold, helping...
SBV asks licensed gold retailers to display signage amid market volatility

SBV asks licensed gold retailers to display signage amid market volatility

The move followed a warning issued the same day by SJC regarding counterfeit websites and Facebook pages which are impersonating its brand to deceive consumers.
SBV reports to National Assembly on record-high gold price disparity

SBV reports to National Assembly on record-high gold price disparity

The State Bank of Vietnam said it will monitor gold markets closely and coordinate with agencies to manage and stabilise the market within its authority.
Gold price hits new record

Gold price hits new record

At 10am on April 22, Saigon Jewelry Company (SJC) listed gold bar prices at VNĐ120.5-122.5 million per tael.
Gold prices break all records

Gold prices break all records

Similar to gold bars, the price of gold rings has continuously set new records.
Central bank issues new decisions on deposit interest rates

Central bank issues new decisions on deposit interest rates

According to the SBV, Decision No. 2410/QĐ-NHNN and Decision No. 2410/QĐ-NHNN aim to ensure consistency on a legal basis with other issued circulars on deposit interest rates.
SBV to propose establishment of gold exchange at appropriate time

SBV to propose establishment of gold exchange at appropriate time

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.
State bank to strengthen anti-money laundering efforts with new department

State bank to strengthen anti-money laundering efforts with new department

The Government announced the organisational changes of the State Bank of Việt Nam on Wednesday.
Central bank works on protecting banking service users

Central bank works on protecting banking service users

At a workshop on solutions to protect bank customers held in Hà Nội, SBV Deputy Governor Phạm Tiến Dũng said the banking industry has made continuous efforts and closely coordinated with relevant ministries and branches in the digital transformation process,...
Settlement of weak banks remains tough

Settlement of weak banks remains tough

According to the SBV, current policies and financial resources to handle weak banks still have many inadequacies, obstacles and time-consuming procedures.
Promoting cashless payments

Promoting cashless payments

The central bank has suggested that incentives could be used to promote non-cash payments. 
SBV postpones gold auction today

SBV postpones gold auction today

It will launch the next gold bullion auction at 10am tomorrow to increase the supply in the market.
SBV turns on mood for market intervention to stabilise exchange rates

SBV turns on mood for market intervention to stabilise exchange rates

The global political and economic situations have caused the currencies of many countries to depreciate significantly, including those of strong economies, by around 3-9 per cent. Việt Nam is no exception with the Vietnamese đồng losing 4.9 per cent against...
SBV resumes supporting capital for commercial banks

SBV resumes supporting capital for commercial banks

The SBV on Tuesday stopped issuing bills after 16 consecutive sessions of issuing bills to withdraw a total of nearly VNĐ171.7 trillion out of the banking system.
Banks disclose lending rates to the public for the first time

Banks disclose lending rates to the public for the first time

The State Bank of Vietnam has demanded banks submit links to the section announcing various interest rates before April 1st. If there are changes to the links, they must be d within two working days.