central bank wants bankers to settle gold loans

Central bank wants bankers to settle gold loans

The State Bank of Vietnam has told commercial banks to settle outstanding gold loans early in a push to wipe the slate clean by the end of this year.
state bank implements high tech forex app

State bank implements high-tech forex app

The State Bank of Vietnam (SBV) just inaugrated its realtime foreign exchange monitoring system for interbank transactions.
govt confirms higher budget deficit plan

Gov’t confirms higher budget deficit plan

More capital will be pumped into the economy in the rest of this year, as the State Bank of Vietnam (SBV) said it would seek to loosen both budgetary and monetary policies to outcast the gloomy cloud over the local economy.
vamc starts handling non performing loans

VAMC starts handling non-performing loans

The Vietnam Asset Management Company (VAMC) has set to handle VND 40-70 trillion (US$ 18.8-32.9 billion) of non-performing loans (NPLs) in 2013, according to the State Bank of Vietnam (SBV).
sbv allows importing material gold to make jewelries

SBV allows importing material gold to make jewelries

The State Bank of Vietnam has decided to allow enterprises to import gold to make jewelries domestically, a long awaiting decision to help ease the thirst for materials
state bank strives for stable gold market

State Bank strives for stable gold market

After two weeks of suspended trading, late last week the State Bank of Vietnam (SBV) resumed transactions.
new rule enables vamc to auction bad debt

New rule enables VAMC to auction bad debt

The State Bank of Vietnam has just issued Circular 19 regulating operations of the Vietnam Asset Management Company (VAMC), giving it the mandate to auction bad debts at credit institutions.
expert suggests sbv loosen gold grip

Expert suggests SBV loosen gold grip

Recent fluctuations and issues in the gold market have resulted in State Bank of Vietnam (SBV) policies managing imports and stabilising prices.
central bank makes 272 mln on gold sales

Central bank makes $272 mln on gold sales

The State Bank of Vietnam (SBV) said it made a profit of more than 6 trillion VND (272.72 million USD) from 75 gold auctions.
central banks regulations on gold keeping service raises worries

Central bank’s regulations on gold keeping service raises worries

Under the draft regulation compiled by the State Bank of Vietnam, commercial banks don’t have to pay back to customers the exact gold bars they entrusted to banks under the safekeeping services.
state bank auctions one more ton of gold

State Bank auctions one more ton of gold

The State Bank of Vietnam sold 26,000 taels of gold, or one ton, at the 48th gold auction on July 30 to seventeen banks and companies with highest bid at VND38.08 million a tael and lowest bid at VND38 million.
sbv losing grip on gold forex market

SBV losing grip on gold, forex market?

Previous forecasts of the State Bank of Vietnam (SBV) on the local gold and dollar markets seem going off track, as the real situation continues to slip away from the central bank’s expectation.
gold market unpredictable after deadline of bank gold account close

Gold market unpredictable after deadline of bank gold account close

The State Bank of Vietnam has hold 35 gold bidding sessions and sold 865,000 taels of gold (equal to 33.3 tons) to local banks since March as a measures to help them repay their depositors and close their gold accounts by the end of this month under SBV order.
sbv announces new interest rate cut

SBV announces new interest rate cut

The State Bank of Vietnam (SBV) on June 27 announced the reduction in maximum interest rates for bank deposits in VND and USD, as well as short-term lending in VND of foreign credit institutions and bank branches.
seven banks yet to buy enough gold

Seven banks yet to buy enough gold

The June 30 deadline for local banks to stop gold mobilization and lending is coming to a close but seven banks have still failed to secure enough gold to repay customers, said Nguyen Hoang Minh, deputy director of the HCMC branch of the State Bank of Vietnam (SBV).