The State Bank of Vietnam (SBV) has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme.

Measures must be taken to bring down bank interest rates, said the State Bank of Vietnam (SBV) at a meeting with CEOs from 26 commercial banks in the country on May 25.

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).

Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.

Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to US$95 billion by the end of the year as the State Bank of Vietnam rebuilds its stockpile.

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.

The State Bank of Vietnam (SBV) has been drastically implementing measures, particularly those to reduce loan interest rates, said its deputy governor Dao Minh Tu at a regular government press conference on May 5, calling it one of the important and practical policies to help businesses.

VOV.VN - The Ho Chi Minh City branch of Thai banking giant Kasikorn Bank (KBank) recently raised its charter capital from US$80 million to US$285 million in Vietnam, representing a 2.5 fold-rise according to the plan approved by the State Bank of Vietnam.

VOV.VN - Vietnamese overseas remittances to Ho Chi Minh City reached more than US$2.1 billion in the first quarter this year, up 19.41% year on year, amid economic difficulty, Tuoi Tre (Youth) newspaper reported.