banks in hcm city to continue supporting businesses

Banks in HCM City to continue supporting businesses

Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.
aspiring to a secure domestic financial environment

Aspiring to a secure domestic financial environment

As 2020 nears its end, assessments are being made of the performance of the nation’s crucial financial markets, which have been holding up well despite the heavy impact of the pandemic and global recession. Dr. Nguyen Dai Lai, former deputy director of the State Bank of Vietnam’s Banking Development Strategy Department, dives into the nuts and bolts of the statistics and looks ahead at what to expect for 2021.
appotapay greenlighted to provide intermediary payment services

AppotaPay greenlighted to provide intermediary payment services

AppotaPay JSC, under game publisher Appota Group, has been granted a payment intermediary service license by the State Bank of Vietnam, making it the latest player in Vietnam's e-payment landscape.
central bank updates security for card payments

Central bank updates security for card payments

In the wake of new advances in science and technology that pose challenges to security and confidentiality, the State Bank of Vietnam (SBV) is drafting amendments to Circular 47/2014/TT-NHNN with new technical regulations on security and confidentiality for the card payment system.
banks cut interest rates from october

Banks cut interest rates from October

Many banks have cut deposit interest rates after the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates from October 1.
data sharing and security top concern for banks experts

Data sharing and security top concern for banks: experts

Big data is a vital issue for banks in the digital transformation process, with data sharing and security top concerns, experts have said.
credit growth up 609 percent central bank

Credit growth up 6.09 percent: central bank

The State Bank of Vietnam (SBV) said on October 2 that as of September 30, credit had expanded 6.09 percent as compared with the end of 2019.
local lenders prepare for pandemic shock

Local lenders prepare for pandemic shock

Public health challenges have thrown Vietnam’s banking system into gyrations, pushing lenders to become more risk averse and brace for a wave of defaults, amidst efforts to cut interest rates from the central bank to offset the economy.
pandemic derails banks capital hike plans

Pandemic derails banks’ capital hike plans

Banks are facing major challenges to carry out their capital increase plans this year due to the impacts of the COVID-19 pandemic.
e wallet 9pay licensed by state bank of vietnam

E-wallet 9Pay licensed by State Bank of Vietnam

The State Bank of Vietnam (SBV) has approved the official licence for intermediary payment service provider 9Pay.
reference exchange rate down 5 vnd on august 19

Reference exchange rate down 5 VND on August 19

The State Bank of Vietnam set the daily reference exchange rate at 23,204 VND per USD on August 19, down 5 VND from the previous day.
reference exchange rate down despite gold price soaring

Reference exchange rate down despite gold price soaring

The State Bank of Vietnam set the daily reference exchange rate at 23,200 VND per USD on August 7, down 3 VND from the previous day.
state bank of vietnam cuts some interest rates

State Bank of Vietnam cuts some interest rates

The State Bank of Vietnam (SBV) on August 6 announced its decision on cutting some policy rates with immediate effect, the second time this year following the adjustment on March 16.
central bank approves acbs plan to raise charter capital

Central bank approves ACB"s plan to raise charter capital

The State Bank of Vietnam has approved the Asia Commercial Bank (ACB)’s plan to raise its charter capital from 16.6 trillion VND (721 million USD) to 21.6 trillion VND (938.3 million USD).
reference exchange rate stable despite record gold prices

Reference exchange rate stable despite record gold prices

The State Bank of Vietnam set the daily reference exchange rate at 23,208 VND per USD on August 5, down 6 VND from the previous day.