SBV sticks to 0% rate to fight off dollarisation

Monday, Aug 19, 2024

Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy, highlighted by the 0% interest rate for deposits made in foreign currencies, have produced positive effects in stabilising the exchange market, increasing foreign...

SBV requests control on foreign currency loans

Tuesday, Aug 14, 2018

Governor of the State Bank of Viet Nam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.

SBV ups anti-dollarisation effort

Thursday, Mar 31, 2016

The State Bank of Viet Nam (SBV) will tighten lending in foreign currencies in some cases from today in an effort to step up its anti-dollarisation drive.

Gov't to curtail currency lending

Monday, Nov 04, 2013

Foreign currency lending is likely to end sooner than the Government''s original schedule because the central bank''s efforts to limit its use in the economy have proven effective, the Viet Nam Investment Review has reported, citing an unnamed source.

VN economy sees dollarisation decline

Monday, Sep 30, 2013

The prevalence of US dollars in the Vietnamese economy had decreased significantly since the end of 2011 and the exchange rates had been stabilised, according to a State Bank of Viet Nam statement.