The State Bank of Vietnam (SBV) has proposed freezing the accounts of those suspected of committing frauds.
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.
Vietnam has been in short of supply chain finance solutions, which help local firm expand their business and penetrate into new markets, heard a conference in Ho Chi Minh City on November 11.
Although Vietnam has 28 licensed e-wallets, 70-90 percent of market share has shifted between six big players.
Regulators are working to finalise the experimental legal framework (sandbox) for healthy market development, accelerating economic growth. This exponential growth will help Vietnamese fintech companies to bloom.
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.
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.
With great advantages being held by foreign banks, Vietnamese banks find it difficult to compete.
Non-cash payment has been developing sharply in Vietnam recently, and building a digital payment ecosystem is becoming essential to accommodate further growth.
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.
Nearly 9.6 trillion VND (417.3 million USD) worth of bad debts were handled each month from August 15, 2017 to August 31, 2019, or 4.7 trillion VND higher than that during the 2012 – 2017 period.
Vietcombank is heading to Australia and could open for business in Sydney within the next 24 months.
Vietnam is among 38 emerging market economies that have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report of the IFC-facilitated Sustainable Banking Network (SBN).
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.
Most of credit institutions have expected better business performance for the fourth quarter as well as the whole of 2019, according to a recent survey by the State Bank of Vietnam.
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.
Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
The State Bank of Vietnam (SBV)'s exchange rate management policy has been appropriate and effective, creating benefits for the economy and confidence for the market.
Credit has been provided for production and business activities and the priority fields while loans for high-risk areas have been further tightened so far this year, the State Bank of Vietnam (SBV) reported.
VOV.VN - On October 1, the World Bank (WB) and the State Bank of Vietnam (SBV) signed a financing agreement for a grant worth US$2.2 million provided by the Swiss Government to implement the project titled “Vietnam: Strengthening Banking Sector Soundness and Development”.