sbv sets new course to board industry 40 in banking sector

SBV sets new course to board Industry 4.0 in banking sector

To keep up with the ever-evolving technology, banks have to be well-positioned to engage with the new wave of digitally empowered customers. Nguyen Kim Anh, Deputy Governor cum chairman of the Fintech Steering Committee at the State Bank of Vietnam, looks into how the central bank aids lenders to innovate and address their most pressing needs.
reference exchange rate down 2 vnd

Reference exchange rate down 2 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,156 VND/USD on January 16, down 2 VND from the previous day.
reference exchange rate down 7 vnd on january 10

Reference exchange rate down 7 VND on January 10

The State Bank of Vietnam set the daily reference exchange rate at 23,166 VND/USD on January 10, down 7 VND from the previous day.
bank lending rates expected to fall in 2020

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
state bank sets cashless payments as top priority for 2020

State Bank sets cashless payments as top priority for 2020

The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.
reference exchange rate down on january 2

Reference exchange rate down on January 2

The State Bank of Vietnam set the daily reference exchange rate at 23,150 VND/USD on January 2, down 5 VND from the previous day.
reflecting reality for foreign owner ratios

Reflecting reality for foreign owner ratios

A recent draft decree from the State Bank of Vietnam raised eyebrows with its contents on ownership ratios for overseas groups when it comes to payment intermediary services. Lawyer Pham Duy Khuong, managing director of ASL LAW, writes about whether or not the foreign ownership limit should indeed be restricted for such services.
reference exchange rate down 1 vnd on december 26

Reference exchange rate down 1 VND on December 26

The State Bank of Vietnam set the daily reference exchange rate at 23,162 VND/USD on December 26, down 1 VND from the previous day.
fol concocted for fintech segment

FOL concocted for fintech segment

Local regulators are ratcheting up pressure in a bid to curb the risks from spreading financial technology by setting up a foreign ownership limit of 49 per cent.
ministry of health state bank of vietnam sign mou on e payment cooperation

Ministry of Health, State Bank of Vietnam sign MoU on e-payment cooperation

On December 10, at the E-payment Eco-system Development Forum 2019, the Ministry of Health and the State Bank of Vietnam signed an MoU on cooperation plan.  
cash habit poor infrastructure prevent to non cash economy

Cash habit, poor infrastructure prevent to non-cash economy

While non-cash payments are admittedly on the rise, the cash payment habit and limited development of technology infrastructure are big problems for the country’s non-cash economy, experts have said.
banking supervisory agency and kpmg held workshop on icaap

Banking Supervisory Agency and KPMG held workshop on ICAAP

Issued in 2018, Circular No.13/2018/TT-NHNN of the State Bank of Vietnam has a raft of requirements, including ICAAP, forcing banks to re-consider their business model toward higher integration.  
reference exchange rate up 4 vnd on november 29

Reference exchange rate up 4 VND on November 29

The State Bank of Vietnam set the daily reference exchange rate at 23,162 VND/USD on November 29, up 4 VND from the previous day.
reference exchange rate up at weeks beginning

Reference exchange rate up at week’s beginning

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on November 25, up 3 VND from the last working day of the previous week (November 22).
sbv cuts interest rate for a second time since september

SBV cuts interest rate for a second time since September

The State Bank of Vietnam (SBV) slashed interest rates for the second time since September.