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 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.

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 across Vietnam's banking system is projected to reach about 16% in 2025, according to the State Bank of Vietnam (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).

The newly established Department of Anti-Money Laundering will operate under the State Bank of Vietnam (SBV) from January 5 next year.

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.

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 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.

VOV.VN - The State Bank of Vietnam (SBV) on June 7 refuted rumours about gold shortages in the market, affirming there is a sufficient supply of gold for legitimate demand in an effort to stabilise the domestic gold market.