Real estate businesses in Ho Chi Minh City have asked the central bank to reconsider its plan to tighten lending for the sector, saying it will adversely affect the market which is still in its first stage of recovery.
Though experts forecast a rise in lending interest rates in 2016, a central bank official believes it is feasible to keep the rates stable and reducing it slightly this year.
The dong will fall around 4%-5% against the US dollar this year as the Federal Reserve is expected to rate interest rates further and push up the greenback, the Vietnam News Agency reported on February 15, citing new forecasts.
The State Bank of Vietnam (SBV) on January 29 announced its reference rate of VND21,881 per US dollar.
The State Bank of Viet Nam (SBV) will not issue new banknotes with denominations lower than VND5,000 (22 US cents) for the Tet (Lunar New Year) holiday to save costs.
Vietnam’s banking restructuring scheme, launched by the central bank four years ago, has achieved almost all of its important objectives, a senior official of the State Bank of Vietnam (SBV) said at a recent press conference in Hanoi.
The State Bank of Vietnam (SBV) will reduce the reserve requirement ratio for banks that take part in the restructuring of the banking system.
The Japanese central bank has agreed to replace all the damaged money that a Vietnamese scrap vendor accidentally found in a speaker sold to her as junk, local media reported.
Vietnam's currency, the dong, has strengthened against the US dollar this week after the central bank's recent regulations on tightening foreign currency transactions.
The interest rate ceiling on US dollar deposits was reduced as of September 28, in a move to avoid the hoarding of the dollar in the domestic economy.
The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has dismissed rumours of being placed under special supervision by the central bank or that its chairman had been arrested.
The State Bank of Vietnam (SBV) has widened the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent, applicable from August 12 onwards.
(VOV) - Prime Minister Nguyen Tan Dung warmly welcomed Kyaw Kyaw Maung, Governor of Central Bank of Myanmar (CBM) to Vietnam on August 6.
Europe moved to re-open funding to Greece's stricken economy on July 16 after the parliament in Athens approved a new bailout program in a fractious vote that left the government without a majority.
The foreign exchange market has stabilised after fluctuations caused by the State Bank's recent decision to devalue the Vietnamese dong by 1%, according to independent market analysts.
Two-way trade between Vietnam and Ecuador reached US$659 million in 2014, a year-on-year record increase of 83%, according to statistics released by the Central Bank of Ecuador.
The State Bank of Viet Nam (SBV) has acquired all the equity of the Vietnam Construction Joint Stock Commercial Bank (VNCB).
The State Bank of Vietnam (SBV) has been requested to continue implementing flexible monetary policies in close association with fiscal policy in order to ensure macro-economic stability, support production development, and boost economic growth.
Policies to stabilise the monetary market and finance small- and medium-sized enterprises (SMEs) topped the agenda of discussions between visiting Vietnamese financial and banking officials and representatives from the Association of Banking in Italy (ABI) in Rome on January 9.
(VOV) -The State Bank of Vietnam (SBV) will pursue its low interest rate monetary policy designed to stimulate the economy, said Deputy Director of the SBV’s Monetary Policy Department Nguyen Thi Thu Ha at a recent press briefing in Hanoi.