Tag: "sbv"

SBV leader believes in healthier banking activities in coming time

SBV leader believes in healthier banking activities in coming time

Governor of the State Bank of Vietnam (SBV) Le Minh Hung on November 17 continued taking part in lawmakers’ question-and-answer session, making clear issues relating to the baking system’s issues, including credit growth, debt rescheduling for storm victims, and credit institution restructuring.

New regulations on use of credit cards

New regulations on use of credit cards

Credit cardholders will not be allowed to withdraw cash worth more than VND5 million for domestic transactions and no more than VND30 million for foreign currency.

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 Vietnam (SBV) does not extend a circular regulating the loans.

Agricultural Bank of China now in Hanoi

Agricultural Bank of China now in Hanoi

The State Bank of Vietnam (SBV) agreed in principle to allow the Agricultural Bank of China to open a branch in Hanoi, Governor Le Minh Hung said.

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.

SBV says bitcoin prohibited in Vietnam

SBV says bitcoin prohibited in Vietnam

According to the State Bank of Vietnam (SBV), the issuance, supplement and use of bitcoin and other similar virtual currencies for legal payment is prohibited in Vietnam.

Lending grows 12.16% in nine months

Lending grows 12.16% in nine months

Credit growth of the entire banking system in the last 10 days of September rose 1.14%, pushing the total increase in the first nine months of this year to 12.16%, the latest report from the State Bank of Vietnam (SBV) showed.

Central bank to keep currency stable: official

Central bank to keep currency stable: official

Record-high foreign reserves will enable Vietnam’s central bank to keep the dong, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.

Central bank policies expand foreign reserves

Central bank policies expand foreign reserves

Adoption of appropriate policies by the State Bank of Vietnam (SBV) has helped it buy a large amount of US dollar to increase the nation’s foreign reserves, industry insiders said.

Risks involved in interest cut

Risks involved in interest cut

The current interest rate levels have been deemed appropriate for the time being, according to experts, and any attempt to further cut rates could impose unnecessary risks to Vietnam’s overall macro-economic stability in the medium term.

Bad debt stands at 2.51% in late July

Bad debt stands at 2.51% in late July

The banking sector’s total bad debts stood at 2.51 percent as of the end of July 2017, falling from 2.55 percent at the end of 2015, according to a report by the State Bank of Vietnam (SBV) to the National Assembly.

Thirty million people access soft loans in 15 years

Thirty million people access soft loans in 15 years

Over 30 million poor households and other welfare beneficiaries have accessed soft loans from the Vietnam Bank for Social Policies (VBSP) as of the end of August 2017, according to the VBSP.