The State Bank of Vietnam (SBV)’s Governor or the directors of SBV’s municipal and provincial branches will be able to lace credit institutions under the SBV’s special control, starting from next month.
The State Bank of Viet Nam (SBV) has warned local commercial banks to improve control of loans that use savings books as collateral to ensure the safety of the banking system.
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.
With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam (SBV).
The State Bank of Vietnam (SBV) has warned local commercial banks to tighten control of loans that use savings books as collateral to ensure the safety of the banking system.
The State Bank of Vietnam (SBV) said the official interest rates will be adjusted down as from September 16.
To develop financial technology, a comprehensive legal framework and cooperation between banks and fintech businesses are required, experts told a conference organised by the State Bank of Vietnam (SBV) and Asian Development Bank (ADB) in Ho Chi Minh City on September 10.
E-wallets are believed to be a very promising business field in Vietnam, but the market is now controlled by foreign firms.
The Anti-Money Laundering Steering Committee convened a meeting in Hanoi on September 3 to discuss activities serving the Asia-Pacific Group on Money Laundering (APG)’s upcoming mutual evaluation of Vietnam’s mechanism to fight money laundering and terrorist financing.
VOV.VN - VietinBank has recently announced a tier-2 bond public offering in 2019 from August 15 with total value up to VND5,000 billion at par.
Experts attributed the success in the fight against the dollarization in the economy to the central bank’s effective policies, including the zero percent dollar deposit interest rate and the foreign exchange stability.
The State Bank of Vietnam (SBV) has directed commercial banks to tighten control over credit card payments to prevent the improper use of credit cards.
The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.
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.
Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.
The Government has asked ministries, sectors and agencies to give advice to the Government and the Prime Minister on measures to deal with overlapping, incoherent and ambiguous legal regulations, mechanisms and policies.
Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.
VOV.VN - A high-level bilateral meeting was held recently in Hanoi between the State Bank of Vietnam (SBV) and the Bank of Thailand (BOT), aiming to promote banking and financial co-operation between the two countries.
The World Bank (WB) and the State Bank of Vietnam on August 2 signed an agreement worth 4.2 million USD in non-refundable aid provided by the Japanese government to launch a taxation system modernisation project in Vietnam.
The State Bank of Vietnam (SBV) has reported a foreign currency reserve amount of 68 billion USD in the first half of 2019, the highest level so far.