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Remittances to HCM City set to top US$5 billion

Remittances to HCM City set to top US$5 billion

Remittances to HCM City from overseas in the first 11 months of 2019 exceed US$4 billion, and are expected to top $5 billion for the year, according to the State Bank of Vietnam (SBV).

SBV tightens lending regulations with bad loans on the rise

SBV tightens lending regulations with bad loans on the rise

The State Bank of Vietnam (SBV) has taken steps to tighten regulations over banks’ use of short-term deposits, reducing its ratio used to finance medium and long term loans from 60 percent now to 40 percent by September next year.

E-wallets fight for VN market share

E-wallets fight for VN market share

Twenty eight e-wallets have been licensed, but 80 percent of market share belongs to only five of them, according to the State Bank of Vietnam (SBV).

Central bank warns of NPLs from transport projects

Central bank warns of NPLs from transport projects

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.

Finance-banking system ready for tech

Finance-banking system ready for tech

Digital transformation would push Vietnam’s finance-banking system in the years to come, helping it catch up with global standards, said Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh.

SBV calls for counterfeit cash vigilance

SBV calls for counterfeit cash vigilance

With the Lunar New Year Festival (Tet) drawing near and demand of cash increasing, Vietnam's central bank has sounded the alarm over counterfeit money.

Credit slowdown causes concern about access to bank loans

Credit slowdown causes concern about access to bank loans

Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.

Banks forecast strong performance despite credit slowdown

Banks forecast strong performance despite credit slowdown

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.