The State Bank of Vietnam (SBV) and credit institutions are set to augment efforts in the coming time so as to promote people and businesses’ access to credit.
VOV.VN - The Government should build up and complete centralized databases that allow connections with e-payments for public services, with the aim of giving a push to nationwide cashless transactions, Pham Tien Dung, head of the Payment Department under the State Bank of Vietnam, has suggested.
VOV.VN - The total means of payment rose by 5.17 per cent during the first half of 2019 compared with the end of 2018 whilst the liquidity of the credit institution system remained secure.
VOV.VN - Credit institutions have handled an average of VND5.8 trillion (US$251.52 million) per month since the implementation of a National Assembly resolution on the pilot settlement of bad debts began in August 2017, much higher than the figure recorded over the previous five years.
The National Credit Information Centre of Vietnam (CIC) and the State Bank of Vietnam (SBV) has officially launched a portal connecting borrowers and credit institutions.
Following the removal of the limit, Vietnam’s central bank said it would only maintain the monthly limit of VND100 million (US$4,284) for each individual.
VOV.VN - Non-cash transactions would help cut down costs for both customers and firms while enhancing transparency in business operations and the economy at large, Deputy Prime Minister Vuong Dinh Hue said at a workshop held in Ho Chi Minh City on June 11.
The State Bank of Vietnam (SBV) must take action to ensure 90 percent of the Vietnamese population over the age of 15 have bank accounts by 2030.
Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Vietnam (SBV) showed.
VOV.VN - Commercial banks have sought to raise capital via bond issuance as their tier one capital mobilization has run into difficulties.
VOV.VN - The State Bank of Vietnam has implemented a road map to guide the flows of foreign currency credit into four directions in a bid to deal with rising exchange rates.
VOV.VN - Banks and financial institutions should apply industry 4.0 technologies and find new solutions to handling risks from e-payments if they want to further develop their products and services in the local market, Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam, has said.
The State Bank of Vietnam (SBV) has issued a fine of VND120 million ($5,217) to Grab (Vietnam) Ltd. due to its failure to comply with regulations relating to administrative procedures on registering loans from overseas.
A new resolution has been published to ensure uniform implementation of the regulations against money laundering.
Prime Minister Nguyen Xuan Phuc underscored the determination to accomplish all goals set for 2019, striving for a GDP growth of 6.8 percent and reining in inflation under 4 percent at the Government’s monthly meeting held in Hanoi on May 31.
A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30.
The foreign exchange market in Vietnam has heated up recently when the daily reference exchange rate set by the State Bank of Vietnam (SBV) continuously climbed to new record levels and the VND/USD rates listed at commercial banks also surged.
The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.
VOV.VN - The State Bank of Vietnam (SBV) ranked first in the administration reform index among ministries and ministry-level agencies for the fourth consecutive year, with a score of 90.57 per cent.
The State Bank of Vietnam (SBV) has announced that June 16 will be designated as Cashless Day.