Tag: State Bank of Vietnam
Vietnamese currency to strengthen in 2021: VNDirect Securities
The Vietnamese dong (VND) will remain stable for the rest of the year but may appreciate by 0.5% in 2021, VNDirect Securities Corp forecast.
NA approves new Government officials, resolution on 2021 budget estimate
The National Assembly passed the appointment of several new ministers and senior government officials, and approved the Resolution on State budget estimate for 2021 on November 12, the eighth working day of the second phase of its 10th session.
Vietnam to allow banks to use foreign e-wallets for int’l payments
The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.
Greater efforts needed to tackle bad debts: Experts
The Government has directed the State Bank of Vietnam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV Deputy Governor Nguyen Kim Anh has said.
Government expects 6.5% GDP growth for Vietnam next year
VOV.VN - Vietnam’s economic growth rate in 2021 is anticipated to reach between 6% and 6.5%, according to a resolution adopted during the Government's recent monthly meeting for August.
SBV tells banking industry to develop an inclusive finance system
The State Bank of Vietnam (SBV) urged the banking industry to build an inclusive finance system that serves all members of society in Vietnam in Hanoi on September 10.
Vietnam’s forex reserve sets new record
Vietnam’s foreign exchange reserve has hit a new record high of US$92 billion, a significant expansion from US$84 billion which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.
Central bank to adjust monetary policies to weather pandemic
The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
Banks to continually cut costs to aid COVID-19 affected firms
The State Bank of Vietnam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.
State Bank of Vietnam cuts some interest rates
The State Bank of Vietnam (SBV) on August 6 announced its decision on cutting some policy rates with immediate effect, the second time this year following the adjustment on March 16.
