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Work needed on non-cash payments for public services

Work needed on non-cash payments for public services

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.

Draft circular on gold business licensing released

Draft circular on gold business licensing released

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.

US$500,000 on offer for excellent fintech solutions

US$500,000 on offer for excellent fintech solutions

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.

Central bank warns against P2P lending

Central bank warns against P2P lending

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.

Real estate firms issue bonds to raise capital

Real estate firms issue bonds to raise capital

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.

Credit institutions recover US$251 million of bad debts each month

Credit institutions recover US$251 million of bad debts each month

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.

Central bank advocates digital banking development

Central bank advocates digital banking development

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.

Central bank to continue managing monetary policy

Central bank to continue managing monetary policy

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.

Quang Ninh, central bank lead 2018 administrative reform index

Quang Ninh, central bank lead 2018 administrative reform index

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.