sbv puts forward new regulation to do away with weak banks

SBV puts forward new regulation to do away with weak banks

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.
commercial banks propose sbv to set higher credit growth limit

Commercial banks propose SBV to set higher credit growth limit

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.
vietnam considers allowing foreigners to open savings accounts

Vietnam considers allowing foreigners to open savings accounts

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.
experts call to raise usd deposit rate

Experts call to raise USD deposit rate

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.
secret weapons in exchange rate operations

Secret weapons in exchange rate operations

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. 
state bank works to maintain stable interest rates

State Bank works to maintain stable interest rates

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.
vietnam lucrative for foreign banks

Vietnam lucrative for foreign banks

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.
vnd0 takeover or bankruptcy

VND0 takeover or bankruptcy?

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.
sbv should offer failing banks to foreign investors

SBV should offer failing banks to foreign investors

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.
sbv announces compulsory ma for weak banks

SBV announces compulsory M&A for weak banks

​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. 
bank restructuring and settling bad debts we need to be more critical

Bank restructuring and settling bad debts: We need to be more critical

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.
sbv using policy to battle volatility

SBV: Using policy to battle volatility

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.
regulations on virtual money due by the end of 2017

Regulations on virtual money due by the end of 2017

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).
sbv unveils 2017 policy

SBV unveils 2017 policy

The State Bank of Vietnam (SBV) on December 2 announced its key orientation of monetary policy management and banking operations in 2017.
nonghyup bank opens branch in hanoi

Nonghyup Bank opens branch in Hanoi

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.