Tag: State Bank of Vietnam
VinaCapital remains positive about banking sector’s long-term outlook
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.
State Bank adjusts USD/VND exchange rate band to 5%
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.
Investors cautious about disbursing investments amid higher rates: experts
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.
Credit growth stands at nearly 10.5% as of mid-Sept
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.
Central bank of Vietnam raises interest rates to rein in inflation
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.
SBV adjusts credit growth targets for banks
The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.
Measures sought to attract resources for green, sustainable development
The State Bank of Vietnam (SBV) and the Banking Working Group (BWG) jointly held a conference in Hanoi on July 16 to discuss measures to attract resources for the implementation of green growth and sustainable development targets.
Government leader appreciative of digital transformation efforts
VOV.VN - Prime Minister Pham Minh Chinh hailed efforts made by the banking sector on August 4 in terms of digital transformation due to their diverse range of products and services for both people and businesses.
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Central bank to back low-income earners in accessing loans for housing: Governor
The State Bank of Vietnam (SBV) will give flexible and suitable management to guide credit resources to business and production activities and create favourable conditions for workers and low-income earners to access capital for house purchase, Governor Nguyen Thi Hong said on August 1.
Standard Chartered forecasts Vietnam’s economic growth at 6.7% in 2022
Standard Chartered has forecast Vietnam’s GDP growth at 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual expansion of 6.7%.
