vietnam cbank stocking foreign currencies after intervening in forex market

Vietnam cbank stocking foreign currencies after intervening in forex market

The State Bank of Vietnam (SBV) is buying foreign currencies from the local market to increase the national foreign exchange reserves, a move it stopped for five months already, Nguyen Van Binh, Governor of the central bank, said at a conference in Hanoi on Saturday.
vietnam cbank to impose immediate fine on banks with out of cash atms

Vietnam cbank to impose immediate fine on banks with out-of-cash ATMs

The inspection and monitoring agency under the Ho Chi Minh City branch of the State Bank of Vietnam will inspect a number of automated teller machines (ATM) across the city and imposeimmediate fines on banks that operate problematic ATMs.
vietinbank opens subsidiary bank in laos

VietinBank opens subsidiary bank in Laos

The State Bank of Vietnam has allowed Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to convert its branch in Laos into a 100 per cent owned subsidiary with the total chartered capital of $50 million.
national money printing house to produce gold bars

National Money Printing House to produce gold bars

The State Bank of Vietnam (SBV) has permitted the National Money Printing House (NMPH) to produce gold bars and gold souvenirs, according to the instructions of the bank's governor.
bank shares rise after forex adjustment

Bank shares rise after forex adjustment

Cash flowed into bank stocks this morning after the State Bank of Vietnam increased the US dollar exchange rate by one per cent, from VND21,246 per dollar to VND21,458.
forex rate goes up 1 pc

Forex rate goes up 1 pc

The State Bank of Vietnam (SBV) has officially changed the inter-bank’s forex exchange rate as of January 7 from VND21,246 per USD to VND21,458 per USD.
sbv allows foreign currency lending to continue through 2015

SBV allows foreign currency lending to continue through 2015

The State Bank of Vietnam has just issued a new circular allowing credit institutions to continue offering short-term foreign currency loans to the end of 2015.
northwestern region reports 1445 percent credit growth

Northwestern region reports 14.45 percent credit growth

Total outstanding loans of credit institutions in the northwestern region were estimated at more than VND147.25 trillion (US$7.01 billion) by December 31, representing a year-on-year increase of 14.45 percent and 3.72 percent of the country's total lending this year, said the State Bank of Vietnam (SVB).
consumer lending may salvage credit growth target

Consumer lending may salvage credit growth target

After seeing very sluggish growth of 4.5 per cent in the first eight months of this year, credit grew by 10.22 per cent as of November 30 from the end of 2013, reported the State Bank of Vietnam (SBV), making the whole-year target of 12-14 per cent now more feasible.
central bank warns against fake international bank cards

Central bank warns against fake international bank cards

The State Bank of Vietnam (SBV) has advised its urban and provincial branches and payment service providers nationwide to enhance the inspection and monitoring process for card payments.
moc proposes salvaging seven social housing projects

MoC proposes salvaging seven social housing projects

The Ministry of Construction (MoC) has made a proposal to the State Bank of Vietnam (SBV) to grant financial support to seven social housing projects across the country.
vietnam central bank says will keep forex rate stable

Vietnam central bank says will keep forex rate stable

The State Bank of Vietnam will keep the dollar/dong exchange rate stable as there is no reason to adjust it, it said in a press release late Tuesday.
wb vietnam sign us 500 million loan to improve energy efficiency

WB, Vietnam sign US$ 500 million loan to improve energy efficiency

The State Bank of Vietnam and the World Bank on November 12 signed a US$ 500 million loan for a US$ 731.25 million operation in support of Vietnam’s energy sector.
state bank of vietnam cuts interest rates to boost growth

State Bank of Vietnam cuts interest rates to boost growth

The State Bank of Vietnam (SBV) has cut the interest rate on Vietnamese dong deposits with terms of less than six month by 0.5 percentage point to 5.5% in a move to encourage lending and boost economic growth.
techcombank appointed to support metro no2 project

Techcombank appointed to support Metro No.2 project

On October 13 the governor of the State Bank of Vietnam (SBV) issued Decision No. 2054/QD-SB on appointing Techcombank to support the Sustainable Urban Transport project, namely Metro No. 2, sponsored by the Asian Development Bank (ADB).