state bank leader eases banking sector concerns

State Bank leader eases banking sector concerns

State Bank of Vietnam Governor Nguyen Van Binh claimed the threats to the country’s banking system had largely been alleviated at last week’s National Assembly Standing Committee meeting.
hcmc bank credit growth scrutinised

HCMC bank credit growth scrutinised

Deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh sheds some light on the city’s banking performance so far this year and what measures the authority has applied to help firms more easily access credit.
new joint circular cleans up bancassurance sales rules

New joint circular cleans up bancassurance sales rules

LNT & Partners’ Hoang Nguyen Ha Quyen and Logan Leung take a look at the State Bank of Vietnam and Ministry of Finance’s new regulations outlined in Joint Circular 86/2014/TTLT-BTC-NHNNVN on managing the sale of insurance via the banking sector, which come into effect from September 1, 2014.
state bank exec discusses credit rating system development

State Bank exec discusses credit rating system development

Deputy General director of the State Bank of Vietnam’s Credit Information Centre Nguyen Huu Duong reaffirms the need to implement an effective internal credit rating system to help banks boost lending.
kpmg co organises a seminar on base ii implementation with the state bank

KPMG co-organises a seminar on Base II implementation with the State Bank

KPMP Limited and the State Bank of Vietnam today co-organised the seminar “Basel II Implementation: Experience from commercial banks and view from the Central bank” at Melia Hanoi Hotel.
fdi firms allowed to open local currency accounts

FDI firms allowed to open local currency accounts

HCMC – From September 25, foreign investors and foreign direct investment (FDI) enterprises can open investment accounts in Vietnam dong along with those in foreign currency as stipulated in a circular recently issued by the State Bank of Vietnam.
unsecured loans still stopped up despite sbv instruction

Unsecured loans still stopped up despite SBV instruction

Getting unsecured loans from banks has proven a headache for firms, despite the State Bank of Vietnam’s recent order that banks develop a corporate credit rating system to make it easier for them to access bank capital.
sbv limits non vnd term deposits to local citizens

SBV limits non-VND term deposits to local citizens

In an effort to tighten management on foreign currency, on August 1 the State Bank of Vietnam issued Circular 16/2014/TT-NHNN regarding the use of current accounts in foreign currency by residents and non-residents at permitted banks and the use of VND current accounts by non-residents and foreign individual residents.
credit rating system needed to spur lending

Credit rating system needed to spur lending

State Bank of Vietnam Deputy Governor Nguyen Phuoc Thanh recently stressed the need for local credit institutions to develop a corporate credit rating system to boost credit growth, but banks need to do better at mitigating their risk to control bad debts.
kpmg addresses sbv seminar on fatca implementation

KPMG addresses SBV seminar on FATCA implementation

The Banking Supervisory Agency of State Bank of Vietnam, in coordination with KPMG and IBM, today hosted the seminar “FATCA Implementation: Challenges and solutions” in Hanoi.
cbank buys greenback to anchor vietnam dong value as boost for export

Cbank buys greenback to anchor Vietnam dong value as boost for export

The State Bank of Vietnam (SBV) earlier this month bought a huge volume of U.S. dollars in an effort to prevent the greenback from devaluing against the local currency, the Vietnam dong, to promote export.
central bank assuages foreign currency lending fears

Central bank assuages foreign currency lending fears

Increasing foreign currency lending does not present a risk to the Vietnamese economy, said Nguyen Thi Hong, director of the Monetary Policy Department under the State Bank of Vietnam (SBV), at a press conference on July 6.
sbv leader explains post riot measures

SBV leader explains post-riot measures

Deputy head of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh sheds some light on measures being taken to support foreign invested enterprises after violent protests erupted mid-last month in response to China’s illegal placement of an oil rig in Vietnam’s continental shelf.
banks give vnd10 trillion to vietnamese fishermen

Banks give VND10 trillion to Vietnamese fishermen

The governor of the State Bank of Vietnam (SBV) Nguyen Van Binh said that the SBV and Vietnamese commercial banks will disburse a total VND10 trillion (USD476 million) in support of local fishermen.
vietnam cbank vows to intervene in gold market to maintain stability

Vietnam cbank vows to intervene in gold market to maintain stability

The State Bank of Vietnam (SBV) has enough gold bullions that can be sold on a large scale to intervene in the local gold market to ensure its stability, said a senior official of the Vietnam’s central bank.