Tag: State Bank of Vietnam
Credit growth hits two-year high, nearing 10% in first half of 2025
VOV.VN - Total credit to the national economy rose by nearly 10 % in the first half of 2025 to over VND17.2 quadrillion, marking the fastest growth rate since 2023.
Rollout of VND500-trillion credit package for technology firms accelerated
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu provided further details on the direction, mechanism, and expected timeline of the preferential credit package worth VND500 trillion (about US$20 billion) to support businesses investing in infrastructure and digital technology, at the Government’s monthly regular press conference.
DongA Bank renamed as Vikki Digital Bank
DongA Commercial Joint Stock Bank (DongA Bank) has changed its name to Vikki Digital Bank Limited (Vikki Bank) following Decision No 42/QĐ-TTGSNH2 issued by the State Bank of Vietnam (SBV) on February 14.
Stable monetary policy gives boost to business operations
VOV.VN - Last year saw the State Bank of Vietnam proactively monitor global and domestic economic developments and implement comprehensive measures to support businesses and individuals in accessing bank loans through the stable monetary policy.
Credit growth projected at 16% for 2025
Credit growth across Vietnam's banking system is projected to reach about 16% in 2025, according to the State Bank of Vietnam (SBV).
Credit growth target of 15% for 2024 within reach: SBV
The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).
Central bank to strengthen anti-money laundering efforts with new department
The newly established Department of Anti-Money Laundering will operate under the State Bank of Vietnam (SBV) from January 5 next year.
Fed interest cuts ease pressure on Vietnam forex market
VOV.VN - The United States Federal Reserve’s recent decision to lower its benchmark interest rate by 0.5% is expected to ease pressure on the exchange rate between the US dollar and the Vietnamese Dong, and enable the State Bank of Vietnam (SBV) to flexibly adjust its monetary policy, according to analysts.
SBV sticks to 0% rate to fight off dollarisation
Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy, highlighted by the zero per cent interest rate for deposits made in US dollar, have produced positive effects in stabilising the exchange market, increasing foreign reserves, remittance flows and foreign investments, said economists and exchange market experts.
Total assets of Vietnamese credit institutions rise by 4.97%
Total assets of the Vietnamese credit institution system by the end of June 2024 reached more than VND21.07 quadrillion, an increase of 4.97% compared to the end of 2023, the State Bank of Vietnam (SBV)’s latest data show.
