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.
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.
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.
he moves taken by the State Bank of Vietnam (SBV) recently, since the day the new Governor took office, show that obtaining high GDP growth rate is the top priority for the bank when regulating monetary policy.
Vietnam’s central bank has permitted commercial lenders to resume dollar loans to export businesses starting June 1, two months after it banned that activity, amid economic difficulties.
The State Bank of Vietnam (SBV) on May 17 launched a website on the banking sector’s scientific and technological activities.
Vietnam and Sudan should foster bilateral cooperation in all fields, especially agriculture and industry.
The State Bank of Vietnam has instructed banks to quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud.
Credit this year will flow more into production and business instead of non-production industries as done previously, experts said.
After March 31 certain enterprises will be not permitted to borrow foreign currencies from banks and then exchange it into VND to buy materials, according to Circular No. 24 from the State Bank of Vietnam (SBV).
Vietnam’s foreign reserves have hit a record high of US$40 billion, according to a source from the State Bank of Vietnam (SBV).
Experts have suggested the central bank should further loosen its monetary policy to reduce lending interest rates in a move to support businesses.
Vietnam is comprehensively switching to a market economy and considers this the guiding principle of steering the economy, Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh told International Monetary Fund (IMF) Managing Director Christine Lagarde.
The list of banks taking part in the race to raise deposit rates continues to lengthen, and this has taken the interest rate on long-term deposits to 8.4%.
VOV.VN - The Myanmar Government has allowed the Bank for Investment and Development of Vietnam (BIDV) to open its branch in Myanmar.