24-08-2017 13:40
If approved, the new regulation will force weak credit institutions to be acquired by stronger competitors assigned by the State Bank of Vietnam (SBV), and letting those who fail to recover to face bankruptcy.
03-08-2017 16:00
From early 2017 till now, many commercial banks have almost reached the lending growth cap set by the State Bank of Vietnam (SBV) and are now requesting SBV to set a higher credit growth limit to ensure more room for lending.
16-07-2017 13:04
The State Bank of Vietnam is drafting a new circular that will allow non-residents with presence in the country to make deposits in both the Vietnamese dong and foreign currency at local banks without residency requirement.
20-06-2017 09:17
The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.
05-05-2017 15:26
The secret and most important weapons for the State Bank of Vietnam (SBV) to operate the exchange rate are the foreign currency trading volumes and the daily average exchange rate.
18-04-2017 17:33
The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.
11-04-2017 11:07
Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.
10-04-2017 09:51
The method of acquiring weak banks at VND0 is officially adopted on the draft law on supporting the restructuring of credit institutions and non-performing loan (NPL) settlement, composed by the State Bank of Vietnam (SBV). However, buying at the price of VND0 or boldly letting poorly performing commercial banks go bankrupt remains a dilemma.
23-03-2017 16:08
The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.
27-02-2017 21:00
The State Bank of Vietnam (SBV) currently encourages mergers and acquisitions (M&A) for weak credit institutions based on voluntary spirit and the assurance of relevant rights for both parties. However, this will turn into a compulsory activity if these institutions do not volunteer.
22-02-2017 18:01
The State Bank of Vietnam (SBV) is drafting a "special" law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations.
29-01-2017 14:00
Emerging markets are expected to experience great volatility and challenges in 2017, and their banking systems will likely be at the forefront of these difficulties. Yet, as State Bank of Vietnam Deputy Governor Nguyen Thi Hong tells VIR’s Hong Dung, things are brighter than they sound, given her great belief in local credit institutions and their development in 2017.
24-01-2017 09:07
Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Justice in collaboration with the Ministry of Industry and Trade (MoIT), the State Bank of Vietnam (SBV), and a number of related ministries and agencies to make a draft decree on virtual money (expected to be completed in December 2017) and a draft decree on virtual property (completed in March 2018).
05-12-2016 14:29
The State Bank of Vietnam (SBV) on December 2 announced its key orientation of monetary policy management and banking operations in 2017.
02-12-2016 13:06
South Korea’s largest bank Nonghyup Bank has received an official license from the State Bank of Vietnam (SBV) to open a branch in Hanoi.