Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

VOV.VN - A senior official of the State Bank of Vietnam has silenced rumours that the central bank has adjusted the currency band, saying the recent exchange rate fluctuations in the market still fall within the already fixed 5% range.

The State Bank of Vietnam (SBV) will manage the exchange rate flexibly, adjusting in line with general trends while still ensuring macro-economic stability and foreign currency balance, said its Permanent Deputy Governor Dao Minh Tu.

VOV.VN - A senior official of the State Bank of Vietnam said the bank has closely monitored and kept the VND/USD exchange rate in check amid a recent significant increase in the rate.

VOV.VN - Mobile phones and components, computers, electronic products and spare parts have become the two largest foreign currency earners, bringing in more than US$50 billion each as of mid-December, according to the General Department of Vietnam Customs.

Measures have been taken by the State Bank of Vietnam to reign in the rising US dollars against the VND.

The State Bank of Vietnam, the central bank, announced five separate decisions on March 31, to further lower some key interest rates, with effect from April 3. This is the second round of rate cuts in March.

Fitch Ratings has rated Petrovietnam Gas Joint Stock Corporation (PV GAS) as a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB' with a positive outlook.

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organizations.

VOV.VN - Ho Chi Minh City received approximately US$6.8 billion in remittances last year, marking only a slight decrease compared to 2021 and accounting for 48% of foreign currency deposits at its credit institutions.