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central bank

ASEAN finance ministers, central bank governors discuss financial integration

ASEAN finance ministers, central bank governors discuss financial integration

The sixth ASEAN Finance Ministers and Central Bank Governors’ Meeting highlighted the need to step up technological application and digital transformation in financial-banking services to increase resilience to shocks similar to COVID-19.
Regional financial co-operation vital in the fight against COVID-19

Regional financial co-operation vital in the fight against COVID-19

Regional and financial co-operation are crucial to strengthen the coordination and respond to the impacts of the COVID-19 pandemic and support a sustained economic recovery.
Mastercard launches central bank digital currencies (CBDCs) testing platform

Mastercard launches central bank digital currencies (CBDCs) testing platform

Mastercard has announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDC) use cases.
Vietnamese central bank invited to become BIS member

Vietnamese central bank invited to become BIS member

The State Bank of Viet Nam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution''s central bank membership base since 2011.
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.
Experts say no concern for US dollar appreciation

Experts say no concern for US dollar appreciation

The US dollar has continued to appreciate against the Vietnamese dong in recent days, but experts are not concerned about the rise.
Basel II standards help banks get high credit growth limit

Basel II standards help banks get high credit growth limit

Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule.
New policy to speed up bad debt settlement

New policy to speed up bad debt settlement

The central bank is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement.
Banks post high profits in 2018

Banks post high profits in 2018

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.
Property firms forced to wean themselves off bank credit

Property firms forced to wean themselves off bank credit

The HCM City Real Estate Association has recently proposed that the central bank should allow lenders to use 45 per cent of their short-term deposits for long- and medium-term loans next year instead of 40 per cent as it has...
Banks eye profit goals, despite credit crunch

Banks eye profit goals, despite credit crunch

Banks are confident about meeting their profit targets for 2018 despite the central bank curtailing credit expansion in the second half of the year.
Govt to inspect SBV restructuring efforts

Gov’t to inspect SBV restructuring efforts

The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central bank’s implementation of a restructuring project in the past five years.
Exchange rates rise, credit stationary

Exchange rates rise, credit stationary

Exchange rates for both the central bank and other commercial banks rose slightly in February, while the credit sector showed little significant change, said the National Financial Supervisory Commission (NFSC).
Central bank injects nearly 573mn to support liquidity

Central bank injects nearly $573mn to support liquidity

State Bank of Viet Nam (SBV) made a net cash injection of VND13 trillion (US$572.9 million) into the economy in the past week to support the liquidity of commercial banks.
Digital banking needs framework

Digital banking needs framework

Viet Nam needs a legal framework for the development of digital banking, heard a conference held by the State Bank of Viet Nam in Ha Noi on Tuesday.