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foreign currencies

Banks expected to maintain good performance in 2019

Banks expected to maintain good performance in 2019

A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Viet Nam’s survey released late last week.
Foreign currency lending extended into 2019

Foreign currency lending extended into 2019

The State Bank of Viet Nam (SBV) has issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last...
Draft simplifies SOE stake bidding for foreigners

Draft simplifies SOE stake bidding for foreigners

The State Bank of Viet Nam has drafted a regulation which would favourable conditions for foreign investors to join in the process of State-owned enterprises’ (SOEs) privatisation and capital divestment.
Forex rates surge against VND

Forex rates surge against VND

Except for the US dollar, foreign currencies have surged against the Vietnamese dong during the last month.
Central bank extends forex loan policy

Central bank extends forex loan policy

The State Bank of Viet Nam (SBV) has officially extended a policy allowing exporters to take loans in foreign currencies for another year instead of stopping it on December 31 as planned.
Exporters worry as end of foreign loans nears

Exporters worry as end of foreign loans nears

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Viet Nam (SBV) does not extend a circular regulating the loans.
Alarm over foreign currency lending growth

Alarm over foreign currency lending growth

According to the National Financial Supervisory Commission, in the first eight months of the year, lending in foreign currencies jumped by 11.5 per cent compared to only 1.7 per cent in the same period last year.
Term bank deposits for foreigners

Term bank deposits for foreigners

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Viet Nam to make term deposits in both Vietnamese Dong and foreign currencies.
What were the best investment channels in 2016?

What were the best investment channels in 2016?

People are investing their money in five main channels of stocks, gold, foreign currencies, property assets and savings but which of these offered the highest returns in 2016?
In-depth monetary market management

In-depth monetary market management

The word "belief" has cropped up often during the recent months when one talks about the monetary market and the management policies by the State Bank of Viet Nam (SBV).
Foreign currency loans stimulate credit growth

Foreign currency loans stimulate credit growth

Export companies preferred loans in foreign currencies than in the Vietnamese dong due to a stable foreign exchange policy and lower interest expenses.
Overseas remittances continue to increase

Overseas remittances continue to increase

Overseas Vietnamese have remitted nearly US$2.8 billion through HCM City-based banks in the first eight months of this year, 6.2 per cent higher than in the same period last year
Dollar credit growth safe: SBV

Dollar credit growth safe: SBV

There is no need to worry about credit growth in foreign currencies in the first half of this year as the ratio of dollar loans versus mobilisation is within its safe threshold.
Dollar loans surge 10 per cent in first half of 2014

Dollar loans surge 10 per cent in first half of 2014

Credit growth in foreign currencies increased by 10 per cent in the first half of this year stirring both confidence and doubts about the foreign liquidity of the banking system.
Public confidence worth its weight in gold

Public confidence worth its weight in gold

The Government has instructed the State Bank of Viet Nam to issue "proper" policies in order to mobilise gold hoarded by the public and use it for socio-economic development.