Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underlined the need for proactive and flexible response to changes to control inflation and stabilise the macro-economy while talking about some issues mentioned by legislators on October 28.

VOV.VN - The daily exchange rate for the US dollar against the local currency (VND) has dropped after the State Bank of Vietnam (SBV) moved to withdraw cash through open market operation (OMO) and foreign currency selling channels for the seventh consecutive session.

The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.

The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by VND490 to VND24,870 per USD - the highest rise in many years.

Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.

The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.

As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.

As of September 16, credit grew 10.47% against the end of 2021 and 17.19% against the same period last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

VOV.VN - The State Bank of Vietnam (SBV) has decided to raise operating interest rates by approximately 1% as of September 23 in an effort to keep inflation in check and maintain the macroecnomic stability.

The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.