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Search Results: 837 results for keyword "State Bank of Vietnam".
Standard Chartered Vietnam increases charter capital, reinforcing local commitment
31-08-2021 13:39
Standard Chartered Vietnam has been approved to increase its charter capital to over VND6.9 trillion ($300 million) from VND4.2 trillion ($182.6 million) by the State Bank of Vietnam in accordance with Document No.1343/QD-NHNN dated August 23, 2021. This follows previous increases made in 2018 with around $49 million and in 2019 with $100 million.
Credit institutions commit to doing their bit for the pandemic recovery
25-08-2021 21:59
The State Bank of Vietnam will reinforce monitoring of commercial banks’ execution of their obligations in relief measures based on the outcomes of rates and charge cuts – but banks are trying to optimise their efficiency by tapping into non-interest income expansion.
Circular offers strict level for bank risks
19-08-2021 10:00
Despite the government coming to the aid of banks and vulnerable businesses in the past year, the latest COVID-19 wave has rendered some debt restructuring and payment scheduling by the country’s central bank less effective than expected.
Interbank interest rates cool down thanks to good liquidity
12-08-2021 11:44
The liquidity of the banking system has risen recently, helping cool interbank interest rates.
Banks cut transaction fees from August to support customers during pandemic
03-08-2021 13:05
The State Bank of Vietnam has directed credit institutions and foreign bank branches to slash transaction fees to provide COVID-19 relief for customers.
SBV considering proposal for developing framework for tackling NPLs
28-07-2021 11:03
The State Bank of Viet Nam is studying a proposal for developing a law on resolving the non-performing loans (NPLs) of credit institutions over the risk of rising bad debts as the COVID-19 pandemic weighs on production and business.
US and Vietnam agree on currency blueprint
27-07-2021 09:00
A mutual arrangement between the US Treasury Department and the State Bank of Vietnam on currency policy has reaffirmed Vietnam’s exchange rate flexibility to be in line with financial resilience, and so as to not create an unfair competitive advantage in international trade.
Reference exchange rate up at week’s beginning (July 26)
26-07-2021 14:42
The State Bank of Vietnam set the daily reference exchange rate at 23,213 VND per USD on July 26, up 4 VND from the last working day of previous week (July 23).
Malaysia's CIMB greenlit to increase charter capital for Vietnamese bank arm
26-07-2021 10:52
Malaysian bank CIMB announced that the State Bank of Vietnam has approved its request to increase charter capital of its CIMB Vietnam One Member Limited Liability Bank from VND3.47 trillion ($150.87 million) to VND3.69 trillion ($160.43 million).
US removes tariff threats against Vietnam
24-07-2021 11:11
The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
Lenders give nod to rate cuts to help out
23-07-2021 17:17
Commercial banks have agreed to slash additional interest rates as they sought to help reignite Vietnam’s economy and support vulnerable businesses and individuals – however, a tightening could be coming if inflation rises above expectations while policymakers try to avoid raising policy interest rates too early.
US Department of Treasury and SBV reach mutual agreement on currency practices
21-07-2021 08:59
The US Department of the Treasury and the State Bank of Vietnam have had constructive discussions in recent months and reached an agreement to address the Treasury’s concerns about Vietnam’s currency practices.
Switzerland supports Vietnam in building capacity for bank executives
06-07-2021 11:22
The Swiss Bank Executive Training programme is expected to transfer international know-how and expertise to Vietnamese bank executives at the State Bank of Vietnam.
How the central bank can get to grips with dipping rates and economic turbulence
01-07-2021 09:00
As global central banks begin to neutralise loosened monetary policy, such as the Fed lowering rates, this is seen as positive signals as the world economy gradually recovers, minimising the risk of global economic crisis. Looking into the past, even in the period when the Fed raised interest rates at the end of 2015, the negative and direct impacts on Vietnam are not always clear.
Watchdogs notice stable credit growth
30-06-2021 10:00
Commercial lenders with sound financial foundations might be eligible to lift their credit growth ratio, which could bring about higher deposit interest rates in the latter half of this year. However, loan packages flowing into risky sectors will continue to be scrupulously controlled.
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