Tags: sbv

Banks serve as fulcrum for businesses amid epidemic

Banks serve as fulcrum for businesses amid epidemic

VOV.VN - Despite banks making moves to lower annual interest rates by up to 1.5% whilst simultaneously offering a range of support packages, many businesses have no need for loans in the current climate due to the consumption market facing plenty of difficulties.

Vietnam has sufficient resources to stabilise forex market: State Bank

Vietnam has sufficient resources to stabilise forex market: State Bank

The State Bank of Vietnam (SBV) has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market and the macro-economy.

Banks urged to cut interest rates for epidemic-hit firms

Banks urged to cut interest rates for epidemic-hit firms

The State Bank of Vietnam (SBV) has urged domestic and branches of foreign credit institutions to offer a cut in loan interest rates for businesses affected by the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) which is taking toll on the regional economies.

Two State-owned banks allowed to increase charter capital

Two State-owned banks allowed to increase charter capital

The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by 10 trillion VND (434.8 million USD) in the first quarter of this year, Deputy Prime Minister Vuong Dinh Hue said last month.

Banks assist firms affected by nCoV outbreak

Banks assist firms affected by nCoV outbreak

In response to the State Bank of Vietnam (SBV)’s appeal, a number of credit institutions have announced plans to support businesses affected by the novel coronavirus (nCoV) epidemic.

BIS membership marks new stride in State Bank’s integration process

BIS membership marks new stride in State Bank’s integration process

The State Bank of Vietnam (SBV) was recently invited to become a member of the Bank for International Settlements (BIS), showing the BIS’s recognition of Vietnam’s socio-economic achievements as well as the SBV’s attainments in steering the monetary policy and managing the banking system.

Banks told not to hike interest rates

Banks told not to hike interest rates

Commercial banks operating in the country have been asked not to increase their interest rates, including deposit rates, while the central bank stands ready to provide liquidity support for banks affected by the fast spreading coronavirus.

Vietnamese currency under bigger pressure in 2020

Vietnamese currency under bigger pressure in 2020

After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.

SBV responds to US’s latest forex exchange report

SBV responds to US’s latest forex exchange report

The State Bank of Vietnam (SBV) said it will continue coordinating with concerned Vietnamese ministries and agencies to communicate with the US regarding the US Department of Treasury’s latest report on macroeconomic and foreign exchange policies of major trading partners of the US.

Vietnamese central bank invited to become BIS member

Vietnamese central bank invited to become BIS member

The State Bank of Vietnam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.