prime minister asks for 435 million bailout to support forestry and aquatic sectors

Prime minister asks for $435 million bailout to support forestry and aquatic sectors

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with studying a bailout worth VND10 trillion (almost $435 million) to support the forestry and aquatic sectors.
pm works with ministries agencies on finance banking activities

PM works with ministries, agencies on finance-banking activities

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.
central bank pushes for rule alignments

Central bank pushes for rule alignments

The State Bank of Vietnam last week sought amendments and supplements to rules relating to the purchase of shares in Vietnamese credit institutions by foreign investors.
vietnams banking system shows signs of money surplus

Vietnam’s banking system shows signs of money surplus

Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.
central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
careful action required to curb inflation threat

Careful action required to curb inflation threat

Monetary experts are still mulling over whether Vietnam should soften or tighten policies to best suit current development circumstances.
5 billion credit package authorised for the real estate sector

$5 billion credit package authorised for the real estate sector

A new government resolution has tasked the State Bank of Vietnam (SBV) with overseeing the execution of a $5 billion lending scheme and coordinating with commercial banks to ease the burdens in the property sector and promote development.
credit growth slowing down raising fear of business contraction

Credit growth slowing down, raising fear of business contraction

Credit growth in the first months of this year slowed significantly due to high interest rates and firms’ poor health, raising concerns about rising bad debts.
bac a bank launches new pro business initiative

BAC A BANK launches new pro-business initiative

BAC A BANK has implemented a credit incentive programme to assist businesses applying for short-term loans. This is in response to calls from the State Bank of Vietnam (SBV) to create more favourable conditions that will optimise investment and development opportunities.
study reveals vietnams banks need more women in leadership roles

Study reveals Vietnam’s banks need more women in leadership roles

While women make up 60 per cent of the entry-level workforce in Vietnam’s banks, less than a third make it to senior management positions, according to a new study by the International Finance Corporation (IFC) in partnership with the State Bank of Vietnam (SBV).
real estate bailout eyes credit recovery

Real estate bailout eyes credit recovery

The Vietnamese government and banks have developed a strategy to improve the credit status of Vietnamese real estate businesses by offering a $5 billion loan package.
exchange rate spike not deemed an imminent threat

Exchange rate spike not deemed an imminent threat

The USD exchange rate on the morning of February 24 on the free market and banks both increased sharply compared to the previous session, exceeding the threshold of VND24,000.
wise roadmap key for rate softening

Wise roadmap key for rate softening

Current conditions might be sufficient to soften the interest rate, yet a wise roadmap needs to be in place to avert potential threats for future development, banking leaders have discussed.
weak bank revival to necessitate patience

Weak bank revival to necessitate patience

Reorganising distressed credit institutions is to be a major focus in Vietnam in 2023, but it could take 8-10 years to transform troubled lenders into financially sound ones.