previous financial crises thus far averted via stable moves

Previous financial crises thus far averted via stable moves

The increase of the central exchange rates and adjustment of the exchange rate band of the State Bank of Vietnam are suitable with the trends of other currencies at a lighter level.
non traditional approaches to monetary polices

Non-traditional approaches to monetary polices

Exchange rates and interest rates are being handled in a satisfactory manner, according to Dr. Truong Van Phuoc, a member of the Prime Minister’s Economic Advisory Group and former acting chairman of the National Financial Supervisory Commission. He talked to VIR’s Hong Dung about the State Bank of Vietnam’s recent moves on interest rates and exchange rates.
uncovering potential effects of usds trajectory on vietnamese currency

Uncovering potential effects of USD’s trajectory on Vietnamese currency

A stronger US dollar is prompting a flight to safety, and investors might be looking for a safe harbour in US-denominated equities. Brook Taylor, CEO of VinaCapital Asset Management, discussed with VIR’s Luu Huong how the State Bank of Vietnam’s latest initiatives on the exchange rate could impact foreign funds into Vietnam.
the state bank of vietnam adjusts operating interest rates

The State Bank of Vietnam adjusts operating interest rates

In an effort to continue implementing synchronous measures to control inflation, stabilise the macro-economy, and ensure the safety of the banking system, the State Bank of Vietnam (SBV) has just issued a number of decisions to adjust interest rates that take effect from October 25.
improving liquidity and resilience for local banks

Improving liquidity and resilience for local banks

Liquidity in the banking system is under significant pressure amid rising interest rates, which is forcing banks to effectively mobilise capital.
state bank adjusts usdvnd exchange rate band to 5

State Bank adjusts USD/VND exchange rate band to 5%

The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.
pm underlines banking systems role as arteries of economy

PM underlines banking system's role as arteries of economy

Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.
sbv aiming to harmonise monetary market players

SBV aiming to harmonise monetary market players

The State Bank of Vietnam is attempting to stabilise lending rates while also mobilising credit institutions to continue reducing operating costs and support both individuals and businesses.
exporters seeking to retain competitive edge

Exporters seeking to retain competitive edge

Adverse fluctuations in the exchange rate and high USD interest rates could be detrimental to Vietnam’s exports next year, urging businesses to proactively respond to exchange rate issues in addition to the State Bank of Vietnam’s intervention.
currency sell off bolsters vnd status

Currency sell-off bolsters VND status

Selling foreign currency reserves in nominal terms will help calm the forex market in the face of volatile market swings driven by sentiment, say analysts.
vib pre tax profit up 46 per cent in first nine months

VIB pre-tax profit up 46 per cent in first nine months

VIB has announced its results for the first nine months, with outstanding business performance, a strong balance sheet, well-maintained risk management and liquidity ratios, and the highest rating in the banking industry as decided by the State Bank of Vietnam.
four banks have adjusted credit room

Four banks have adjusted credit room

The State Bank of Vietnam (SBV) has officially adjusted the credit room for four banks in a bid to support weak credit institutions according to the government's policy.
sbv shifts up interest rates to combat us fed adjustments

SBV shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.
staying ahead with fiscal and monetary milestones

Staying ahead with fiscal and monetary milestones

As the State Bank of Vietnam has raised interest rates to control inflation, economist Le Xuan Nghia spoke with VIR’s Hong Dung about the impact of the hike on the credit market.
credit growth cap remains indispensable for macroeconomic stability

Credit growth cap remains indispensable for macroeconomic stability

Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.