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State Bank of Viet Nam

State bank increases credit growth limit for banks for second time this year

State bank increases credit growth limit for banks for second time this year

The credit growth target was set at approximately 15 per cent at the beginning of the year.
Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
New regulations on mergers, consolidation of credit institutions proposed

New regulations on mergers, consolidation of credit institutions proposed

Under a recently released draft circular, the SBV proposes that any merger and consolidation of credit institutions must meet several principles.
State bank to inspect banks, gold trading enterprises

State bank to inspect banks, gold trading enterprises

The inspection is part of the efforts to narrow the gap between international and domestic gold prices.
Central bank confident about credit growth this year

Central bank confident about credit growth this year

The State Bank of Việt Nam is confident about reaching this year''s credit growth target, as lending is expected to accelerate in the remaining months on the recovery of production and business, Deputy Governor of the State Bank of Việt...
Typhoon Yagi affected borrowers to be postponed debt repayment for a year

Typhoon Yagi affected borrowers to be postponed debt repayment for a year

The State Bank of Việt Nam (SBV) is considering a plan to grant commercial banks the ability to extend debt repayment periods by up to one year for borrowers impacted by Typhoon Yagi.
Central bank takes bold actions to stablise gold market

Central bank takes bold actions to stablise gold market

Amid complex fluctuations in the gold market, the State Bank of Việt Nam (SBV) has taken several measures to stabilise the domestic market.
Credit growth target is within reach to contribute to boosting economic growth: SBV

Credit growth target is within reach to contribute to boosting economic growth: SBV

Another important factor is to increase the capital absorption capacity of enterprises which will require a combination of macro policies to favourable conditions for businesses, SBV''s Deputy Governor Đào Minh Tú said.
Reference exchange rate going down at weeks beginning

Reference exchange rate going down at week’s beginning

On September 9, the State Bank of Việt Nam set the daily reference exchange rate for the US dollar at VNĐ24,177, down VNĐ25 from September 6.
New policy promotes green banking development in Việt Nam

New policy promotes green banking development in Việt Nam

The State Bank of Vietnam is aiming to make it easier to access green capital for green projects to encourage all credit institutions to participate.
Vietnamese, Lao central banks discuss cooperation in using local currencies in bilateral trade

Vietnamese, Lao central banks discuss cooperation in using local currencies in bilateral trade

The State Bank of Việt Nam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment.
Lending rate for social housing buyers proposed to be 3-5 percentage points lower

Lending rate for social housing buyers proposed to be 3-5 percentage points lower

The Ministry of Construction has agreed with the State Bank of Việt Nam’s proposal to offer preferential lending rates for homebuyers who borrow from the VNĐ120 trillion social housing credit package.
Social housing credit package to be made more preferential to increase disbursement

Social housing credit package to be made more preferential to increase disbursement

Statistics of the State Bank of Việt Nam’s Credit Department showed that to date, VNĐ1.344 trillion from the social housing credit package has been disbursed, 96.4 per cent of which was provided to project’s developers, while just a modest sum...
22 credit institutions successfully deploy VNeID for authentication

22 credit institutions successfully deploy VNeID for authentication

To date, twenty two credit institutions and 13 payment intermediaries have successfully deployed VNeID app for authentication of payment account opening, payment transactions and customer information verification.
Policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

The State Bank of Việt Nam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.