The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Vietnam to make term deposits in both VND and foreign currencies.
The State Bank of Vietnam is drafting a new circular that will allow non-residents with presence in the country to make deposits in both the Vietnamese dong and foreign currency at local banks without residency requirement.
The cross-border exchange of credit information is critical to promoting the quality and efficiency of investment and business activities of all APEC member economies, an official of Vietnam’s central bank said.
Following recent complaints that several banks in Vietnam have stopped providing ATM services at night, the State Bank of Vietnam (SBV) has ordered all banks nationwide to provide ATM services 24/7.
The first APEC Senior Officials Meeting (SOM1) kicked off in Nha Trang city, south central Khanh Hoa province, on March 2, with the attendance of delegates from 21 member economies of the Asia-Pacific Economic Cooperation (APEC) Forum.
The APEC Finance and Central Bank Deputies’ Meeting (FCBDM) successfully concluded in Nha Trang city in the central coastal province of Khanh Hoa on February 24 after two days of working.
The APEC Finance and Central Bank Deputies Meeting (FCBDM) finished the first working day in Nha Trang city, in the central province of Khanh Hoa on February 23.
The first Senior Officials’ Meeting of APEC (SOM1) and related meetings in 2017 will be organised in Nha Trang city, the south central province of Khanh Hoa, from February 18 to March 3.
The State Bank of Vietnam revealed recently that it would continue to keep bank lending interest rates unchanged from last year’s levels.
The State Bank of Vietnam (SBV) will control inflation under 4% and stabilise the macro economy to reach a GDP growth of 6.7%, as well as ensure a safe operation for the banking system, a high ranking official of the central bank said.
Vietnam will step up the restructuring of the banking sector this year but this process will require certain regulations to be revised to create a favorable legal framework, the governor of the State Bank of Vietnam (SBV) said.
It is time for the central bank to loosen its control over gold imports as a shortage of gold material in the domestic market has led to adverse consequences, the Vietnam Gold Trading Association (VGTA) said.
Malaysia’s central bank has announced measures to increase demands for the ringgit and bring down the vulnerability of the domestic currency against the US dollar.
The Central Bank of Malaysia (BNM) has announced that as of October 14, the country’s foreign currency reserves reached 405.6 billion ringgit (US$97.32 billion).
A State visit to Vietnam by Iranian President Hassan Rouhani from October 5-7 is set to solidify cooperation between Iran and the Southeast Asian nation.
The State Bank of Vietnam (SBV) has reminded foreign credit institutions and bank branches of its rollover loan requirements.
The deadline for social housing developers who signed borrowing contracts before March 31, 2016 to get cheap loans from the VND30 trillion stimulus package will not be extended to December 31 this year as they wished.
The State Bank of Vietnam (SBV) will control credit growth and direct capital to areas of priority from now to the year end towards safety and effectiveness, said Governor of SBV Le Minh Hung.
For the last ten years, the State Bank of Vietnam (SBV) has said it would restructure its operations.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung has urged caution in price control as there will be a great pressure for raising lending rates in the time ahead.