The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung Hung has asked relevant agencies to help implement non-cash payments for public services, including tax, electricity, water, hospital and education fees.
The State Bank of Vietnam (SBV) has publicised a draft circular that would adjust existing regulations managing gold trading, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper reported.
Banks and investment funds are racing to partner up with fintech businesses in their quest towards digitalisation.
Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.
VOV.VN - VinaCapital investment fund, in cooperation with ADB Ventures will pilot an investment scheme worth up to US$500,000 for excellent financial technology (fintech) solutions that could provide a boost to financial universalization in Vietnam.
The State Bank of Vietnam (SBV) has told credit institutions to carefully consider signing cooperation deals with suppliers of peer-to-peer (P2P) lending services because of the high default risk, local media reported.
As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue bonds to fund their business.
VOV.VN - Credit institutions have handled an average of VND5.8 trillion (US$251.52 million) per month since the implementation of a National Assembly resolution on the pilot settlement of bad debts began in August 2017, much higher than the figure recorded over the previous five years.
VOV.VN - The State Bank of Vietnam is encouraging credit institutions to forge closer ties with fintech firms in order to develop Industry 4.0-based applications and subsequently offer more benefits to individual users and enterprises.
The State Bank of Vietnam (SBV) said on May 30 that it will continue to coordinate with relevant Vietnamese ministries and agencies regarding the US Department of Treasury’s issues of concern, in the spirit of cooperation.
VOV.VN - The State Bank of Vietnam (SBV) ranked first in the administration reform index among ministries and ministry-level agencies for the fourth consecutive year, with a score of 90.57 per cent.
The northern province of Quang Ninh and the State Bank of Vietnam (SBV) have led the Public Administration Reform Index 2018 (PAR INDEX) announced by the Government Steering Committee for Administrative Reform during a conference in Hanoi on May 24.
Vietnam’s central bank has said it is ready to sell dollars to shore up the dong if needed.
VOV.VN - Commercial banks have been proactive in handling bad debts with many posting an increasing ratio.
The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.
The Vietnam Chamber of Commerce and Industry (VCCI) has suggested the State Bank of Vietnam (SBV) reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
The State Bank of Vietnam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever.
VOV.VN - The banking sector has pledged to meet the capital demand for production and business, especially in five prioritized sectors whilst taking over measures aimed to curb inflation and keep on tight credit.
Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Vietnam (SBV) takes effect.