Tags: le minh hung

Banks cut savings rates to ensure lower-interest loans

Banks cut savings rates to ensure lower-interest loans

A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the COVID-19 outbreak.

Central bank aims to keep inflation below 4 percent again

Central bank aims to keep inflation below 4 percent again

The State Bank of Vietnam (SBV) aims to again curb the inflation below 4 percent and sustain the monetary market this year, SBV Governor Le Minh Hung told a teleconference of the banking sector in Hanoi on January 2.

Vietnam, Laos central banks foster collaboration

Vietnam, Laos central banks foster collaboration

The State Bank of Vietnam (SBV) and the Bank of the Lao PRD (BOL) held a conference on September 17 to share experience in macro-economy management, particularly in the finance-banking area.

Vietnam, Cambodia’s central banks look to foster partnership

Vietnam, Cambodia’s central banks look to foster partnership

Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.

Work needed on non-cash payments for public services

Work needed on non-cash payments for public services

Governor of the State Bank of Vietnam (SBV) Le Minh Hung Hung has asked relevant agencies to help implement non-cash payments for public services, including tax, electricity, water, hospital and education fees.

Credit growth expanded 7.33 percent in H1

Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Forex reserves reach highest level to date

Forex reserves reach highest level to date

The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.

Central bank builds up currency reserves

Central bank builds up currency reserves

The State Bank of Vietnam (SBV) has so far this year bought more than 1 billion USD from commercial banks to build up the nation’s foreign currency reserves.

Banks raise deposit rates in short-term

Banks raise deposit rates in short-term

Many commercial banks raised deposit interest rates in recent months, triggering worries about the increasing pressure on the lending rates.

SBV Governor: non-cash payment booming

SBV Governor: non-cash payment booming

The number of transactions using new modes of payment has seen strong surges this year, Governor of the State Bank of Vietnam Le Minh Hung reported to the National Assembly during the Question-and-Answer session on November 1.

SBV Governor vows to speed up settlement of weak banks, bad debts

SBV Governor vows to speed up settlement of weak banks, bad debts

Governor of the State Bank of Vietnam (SBV) Le Minh Hung was questioned on the pace of handling bad debt and banks with bad performances during the question-and-answer session on November 1 at the 14th National Assembly’s ongoing sixth session.

SBV Governor talks monetary, fiscal, macro policy management

SBV Governor talks monetary, fiscal, macro policy management

Governor of the State Bank of Vietnam (SBV) Le Minh Hung shed some light on issues regarding collaboration among ministries and agencies in monitoring monetary, fiscal, and macro policies during the ongoing sixth session of the 14th National Assembly in Hanoi on October 29.