For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.
VOV.VN - The consumer finance market in the year ahead is predicted to struggle making any significant breakthroughs, despite lending interest rates witnessing a downward trend, according to experts.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has requested that credit growth be achieved in tandem with improving credit quality, with a focus on manufacturing and priority areas.
Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.
The State Bank of Vietnam (SBV) has decided to extend a policy allowing commercial banks to keep debt classifications for COVID-19 affected borrowers unchanged to help customers access bank loans.
Vietnamese commercial banks are required to issue chip ATM cards to improve customers’ transaction security from March 31, according to the State Bank of Vietnam’s Circular No. 22/2020/TT-NHNN.
The government and the International Finance Corporation aims to increase the number of women in leadership positions in banks.
Officials from the State Bank of Vietnam (SBV) and the Ministry of Public Security have warned that investment in foreign exchange (forex) trading floors is extremely risky and not protected by the country's law.
Relevant agencies are required to strengthen inspection, detect and strictly handle violations in foreign/cash exchange trading, according to the State Bank of Vietnam.
Remittances to Ho Chi Minh City still rose by 12% year-on-year to US$6.1 billion in 2020 despite the COVID-19 pandemic, according to the State Bank of Vietnam’s Branch in HCM City.