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SBV

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.
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.
Credit continues to decline in February 2024

Credit continues to decline in February 2024

A Viet Dragon Securities (VDSC) report released recently said, according to estimates by the State Bank of Vietnam (SBV), the credit of the banking system as of February 16 this year decreased by 1 per cent compared to the end...
More policy rate cuts forecast in 2024 to support economic growth

More policy rate cuts forecast in 2024 to support economic growth

Expansionary fiscal and loose monetary policies could be extended for another year when growth is considered a top priority, analysts noted.
Central bank injects large amount of money to support capital for banks

Central bank injects large amount of money to support capital for banks

The move was quite unexpected in the context that the peak payment period near the Lunar New Year has passed.
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.