cryptocurrency rules need to be clarified

Cryptocurrency rules need to be clarified

The State Bank of Vietnam (SBV) is working on a new decree to regulate cryptocurrency.
sbv may be able to purchase bank stocks under special review

SBV may be able to purchase bank stocks under special review

A proposal has been raised to allow the State Bank of Vietnam (SBV) to purchase stocks of banks under special review as a new method to handle the prolonged bad debts issue permeating the banking system.
seabank allowed to apply basel ii before deadline

SeABank allowed to apply Basel II before deadline

On October 29, 2019 in Hanoi, Southeast Asia Commercial Joint Stock Bank (SeABank) was officially recognised by the State Bank of Vietnam to have met the minimum capital adequacy ratio in accordance with Basel II international standards.
vietnam implementing de dollarization policy

Vietnam implementing de-dollarization policy

Since October, Vietnamese and foreign commercial banks are no longer allowed to provide mid- and long-term foreign currency loans. Experts believe this is an essential move towards reducing foreign currency mobilisation, boosting the country’s exports, encouraging derivatives products as risk-hedging tools, and implementing the country's de-dollarisation policy.
reference exchange rate continues going down on october 22

Reference exchange rate continues going down on October 22

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,148 VND per USD on October 22, down 5 VND from the previous day (October 21).
central banks attempt to address sluggish growth

Central banks attempt to address sluggish growth

The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.
reference exchange rate up 2 vnd on october 8

Reference exchange rate up 2 VND on October 8

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,157 VND per USD on October 8, up 2 VND from the previous day (October 7).
strengthening the banking sector by world bank and switzerland

Strengthening the banking sector by World Bank and Switzerland

The World Bank and the State Bank of Vietnam (SBV) today signed a financing agreement for a grant worth $2.2 million provided by the Swiss government to implement the "Vietnam: Strengthening banking sector soundness and development" project.
hdbank gains basel ii compliance ahead of schedule

HDBank gains Basel II compliance ahead of schedule

HDBank (HXS: HDB) has been authorised by the Governor of the State Bank of Vietnam (SBV) to implement new regulations that ensure its compliance with Bales II standards.
central bank warns credit institutions over rate hikes

Central bank warns credit institutions over rate hikes

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.
reference exchange rate up 4 vnd on august 29

Reference exchange rate up 4 VND on August 29

The State Bank of Vietnam set the daily reference exchange rate at 23,133 VND per USD on August 29, up 4 VND from the previous day. 
top lenders latch onto fintech future

Top lenders latch onto fintech future

Banks and investment funds are racing to partner up with fintech businesses in their quest towards digitalisation.
draft circular on gold business licensing released

Draft circular on gold business licensing released

The State Bank of Vietnam (SBV) has publicised a draft circular that would adjust existing regulations managing gold trading, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper reported.
wb japan help vietnam improve taxation management

WB, Japan help Vietnam improve taxation management

The World Bank (WB) and the State Bank of Vietnam on August 2 signed an agreement worth 4.2 million USD in non-refundable aid provided by the Japanese government to launch a taxation system modernisation project in Vietnam.
lists of compulsory non cash transactions announced

Lists of compulsory non-cash transactions announced

Authorities have announced a list of transactions that will have to be made via banks in some areas in a move to boost non-cash payments.