lotte finance officially launches consumer loan services in vietnam

Lotte Finance officially launches consumer loan services in Vietnam

After acquiring Techcom Finance in last March and receiving the operation license from the State Bank of Vietnam in September, Lotte Finance Company Limited (Lotte Finance) has been preparing, from products to its organisational structure, IT system, standard operation procedures, to launch its services on December 18, 2018.
vib allowed to apply basel ii standards

VIB allowed to apply Basel II standards

The Vietnam International Bank (VIB) has just received approval from the State Bank of Vietnam to apply capital adequacy ratio following Basel II standards.  
reference exchange rate down on november 5

Reference exchange rate down on November 5

The State Bank of Vietnam adjusted the daily reference exchange rate down on November 5, setting the rate at 22,725 VND per USD, 2 VND lower than the rate on the last day of previous week (November 2).
strong lenders continue to flourish

Strong lenders continue to flourish

Vietnamese banks have reported positive third-quarter results for 2018, continuing on the recovery path and making it easier for them to seek foreign capital in the future.
circular 13 radical impacts and changes

Circular 13: radical impacts and changes

After long and thoughtful preparation, the State Bank of Vietnam (SBV) has released Circular No.13/2018/TT-NHNN covering a broad range of critical aspects of governance, risk management, internal control, ICAAP, and internal audit.
tightened monetary policy forecast for q4 2018

Tightened monetary policy forecast for Q4 2018

The State Bank of Vietnam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts.
reference exchange rate down on october 1

Reference exchange rate down on October 1

The State Bank of Vietnam set the daily reference exchange rate on October 1 to 22,713 VND/USD, down 1 VND from the rate on the last day of previous week (September 28). 
sbv warns financial firms not to harass people

SBV warns financial firms not to harass people

The Governor of the State Bank of Vietnam (SBV) has issued a document requesting its branches in provinces and cities to improve the operation of financial companies, complying with the regulations and ensuring the legitimate interests of customers.
central bank tightens control of payment systems

Central bank tightens control of payment systems

The State Bank of Vietnam (SBV) will enhance the supervision on the country’s key payment systems, according to a newly-issued regulation of the SBV.
central bank may sell 4 10b to stabilise forex market hsc

Central bank may sell $4-10b to stabilise forex market: HSC

The State Bank of Vietnam (SBV) could sell from US$4-10 billion to commercial banks this year to stabilise the foreign exchange market if necessary, HCM City Securities Corporation (HSC) forecast.
kpmg hosts seminars to discuss state bank of vietnams circular 13

KPMG hosts seminars to discuss State Bank of Vietnam's Circular 13

Leading consulting firm KPMG recently organised talks in Hanoi and Ho Chi Minh City on the recent Circular No.13/2018/TT-NHNN, issued by the State Bank of Vietnam.
central bank agrees to suspend import of cryptocurrency mining machines

Central bank agrees to suspend import of cryptocurrency mining machines

The State Bank of Vietnam (SBV) said that it agreed with the proposal of the Ministry of Industry and Trade (MoIT) to suspend the import of cryptocurrency mining machines in a move to improve the management of currency transactions in the country.
credit institutions future bright

Credit institutions’ future bright

A majority of credit institutions in the country expect an upward trend in their business in the remaining months of the year, after making improvements in the first half of 2018, according to a survey released last week by the State Bank of Vietnam.
trial begins for ex deputy governor of state bank of vietnam

Trial begins for ex-deputy governor of State Bank of Vietnam

The trial of Dang Thanh Binh, former deputy governor of the State Bank of Vietnam, who is charged with “lacking responsibility and causing serious consequences” began yesterday at the HCM City’s People’s Court.
transparency helps vietnam banks draw foreign investors

Transparency helps Vietnam banks draw foreign investors

Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested.