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Search Results: 837 results for keyword "State Bank of Vietnam".
Bold new approach for digital banking
06-03-2021 10:00
The State Bank of Vietnam (SBV) in late 2020 issued Circular No.16/2020/TT-NHNN amending Circular No.23/2014/TT-NHNN guiding the opening and use of payment accounts at payment service providers, which is one of the prominent legal documents issued to promote the transformation and development of cashless payments.
Credit market share of private banks rise
27-02-2021 16:08
Private banks have posted significant growth in credit market share in the past five years.
Staying on track for economic stability
12-02-2021 14:00
Over the past five years, the banking sector implemented many solutions and made important contributions to national socioeconomic development, and last year the sector’s activities helped to remove difficulties for people and businesses affected by the global health crisis. Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, had an exchange with VIR’s Hong Dung to clarify the efforts of the banking sector in the past years and outline the tasks ahead.
Banks to make provisions for COVID-19 affected loans this year
24-01-2021 10:04
Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
Central bank continues growth drive amid global uncertainties
13-01-2021 11:00
The State Bank of Vietnam is predicted to continue maintaining a loose monetary policy with low interest rates, even as the global economy is showing positive signs.
Central bank targets credit growth of 12 percent in 2021
08-01-2021 10:00
The State Bank of Vietnam (SBV) targets a credit growth rate of 12 percent in 2021, equivalent to the growth of 12.13 percent last year, according to SBV Deputy Governor Dao Minh Tu.
Banks to stop issuing magnetic strip cards in three months
02-01-2021 20:38
Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.
Credit growth likely to reach 11 per cent in 2020 and 12-14 per cent in 2021
27-12-2020 08:49
The State Bank of Vietnam (SBV) predicts that next year's credit growth is expected to reach at least 12 per cent, after 11 per cent in 2020.
Central bank extends credit growth limits
17-12-2020 15:20
The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
Shinhan Bank Vietnam complets three pillars of Basel II
27-11-2020 10:46
Shinhan Bank Vietnam has officially announced its application of Pillar 2 of Basel II on its internal capital adequacy, as prescribed in Circular No.13/2018/TT-NHNN of the State Bank of Vietnam (SBV).
Financial infrastructure support for post-pandemic economic recovery in Asia-Pacific
26-11-2020 12:32
The International Finance Corporation (IFC) and the APEC Business Advisory Council (ABAC) – with support from the State Bank of Vietnam and the Swiss Secretariat for Economic Affairs (SECO) – co-organised the eighth APEC Financial Infrastructure Development Network (FIDN) Conference on November 26, 2020.
Appointment decision presented to new governor of central bank
17-11-2020 09:40
Prime Minister Nguyen Xuan Phuc on November 16 presented the State President’s decision to appoint Nguyen Thi Hong as the Governor of the State Bank of Vietnam (SBV).
Increasing economic capacity for healthier credit
06-11-2020 08:55
Vietnam’s capital market stands at an oversupply even as deposit interest rates remains very low, with output interest rates decreasing sharply compared to previous years. Dr. Nguyen Dai Lai, former deputy director of the State Bank of Vietnam’s Banking Development Strategy Department, analyses the current capital market and predicts the development for the rest of the year.
Monetary policies narrow after rate dip
06-11-2020 08:54
As interest rates have fallen dramatically during the first 10 months of the year, the State Bank of Vietnam’s leeway for monetary policy has been squeezed to a great extent, with likely solutions possible to foster growth of the public and private sectors while focusing on industries and services with highest development priority.
Vietnam to allow banks to use foreign e-wallets for int’l payments
02-11-2020 09:09
The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.
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