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.
The People’s Court of Ho Chi Minh City opened the first instance trial on June 25 for former deputy governor of the State Bank of Vietnam (SBV) Dang Thanh Binh on the charge of lack of responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB).
The State Bank (SBV) said the process of converting 70 million magnetic cards into chip cards needs to be accelerated to prevent Vietnam from becoming the favorite destination for card crimes.
With several local lenders raising fees for cash withdrawals at ATMs, the State Bank of Vietnam is stepping in to slow the ‘fee hike’ race.
The Saigon Jewellery Association (SJA) will continue to call on the State Bank of Vietnam to make it easier for jewellery businesses, who seek to invest in upgrading their production and trading technology, in accessing bank loans, its chairman said.
The Vietnam Bank for Industry and Trade (VietinBank) has decided to reduce interest rates for short, medium and long term loans to five sectors deemed as priority by the Government.
The Vietnam Chamber of Commerce and Industry (VCCI) reported that it had passed 1,152 petitions from the business community to relevant State agencies as of the end of November 2017, and 954 of which had received replies.
Easing the lending interest rate further by 0.5% and obtaining a high credit growth rate of 21-22% as instructed by the PM will not be an easy task.
The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions and commercial banks in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.
A criminal investigation launched Friday (September 8) into a former deputy governor of the State Bank of Vietnam will leave no impact on the country’s monetary policy, the central bank said later the same day.
Hundreds of thousands of retail points in Japan are accepting payments in bitcoin for both online and on-the-spot transactions.
The State Bank of Vietnam revised down its prime interest rates in July and those of short-term loans for priority fields.
Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Vietnam’s HCM City branch.
The State Bank of Vietnam (SBV) issued an official document asking credit institutions to support borrowers in the livestock industry, especially pig farmers in need of credit extension as market demand struggles to find equilibrium.
The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.
The domestic market remained stable on March 16 after the US Federal Reserve (Fed) raised its interest rates for the second time in three months, with the USD/VND exchange rate declining.
The State Bank of Vietnam (SBV) has announced that it is finalizing a project on restructuring credit organisations and handling bad debt for the 2016-2020 period, to be submitted to the Politburo.
The Government has detailed tasks for ministries in a recently issued resolution, pointing out the focuses of their activities at the start of 2017.
Prime Minister Nguyen Xuan Phuc pressed the button to launch a high-tech agricultural production at a VinEco farm in the northern province of Ha Nam on February 2.
A scheme to promote cashless payment in Vietnam in the 2016-20 period has been approved by Prime Minister Nguyen Xuan Phuc.