cbank notes distinctive points on fake banknotes

Cbank notes distinctive points on fake banknotes

Counterfeit VND200,000 banknotes that are meticulously faked have recently been circulated in the market, but the public can still distinguish them by the naked eye, the State Bank of Vietnam said in a statement Tuesday.
cbank oks 13 ton non sjc gold bar conversion

Cbank OKs 13-ton non-SJC gold bar conversion

The State Bank of Vietnam Wednesday gave the go-ahead for the Saigon Jewelry Co to convert 13 tons of gold bullion, or 350,000 taels, of other brand names into its national SJC brand.
technical consultants wanted

Technical consultants wanted

The Vietnamese government, through the State Bank of Vietnam (SBV), is implementing a technical assistance project titled ‘Technical support for improving of the legal framework and strengthening regulatory and supervisory capacities of the microfinance sector in Vietnam’ funded by the French Development Agency (AFD) on grant basis to support the development of a more sustainable and viable microfinance sector in Vietnam.
state bank struggles to stabilize bullion market

State Bank struggles to stabilize bullion market

Although Saigon Jewelry Company (SJC) officially handed over exclusive rights to manage brand-name and production quota of SJC gold to the State Bank of Vietnam (SBV), it seems this is not enough to stabilize the domestic gold market as the gap between domestic and global gold price is widening from VND2.4 million in late August to the current level of VND3 million per tael.
sbv continues cash injections via omo

SBV continues cash injections via OMO

The State Bank of Vietnam (SBV) continued on Tuesday pumping nearly VND2.4 trillion into the banking system via open market operations (OMO) after a VND3.5 trillion injection via a tender on Monday, according to local banks.
cbank tells sjc to correct 17 ton gold bars in 1 month

Cbank tells SJC to correct 1.7 ton gold bars in 1 month

Saigon Jewelry Co, the country’s largest gold trader and producer of gold bullion bearing the most popular brand name SJC, has been granted around a month to convert deformed gold bars into normal ones, and those of other brands into SJC bullion, the State Bank of Vietnam said in a statement Friday.
vietnam cbank pumps 112 bln in 4 days

Vietnam c.bank pumps $1.12 bln in 4 days

The State Bank of Vietnam (SBV) has deployed Open Market Operations (OMO) to inject some VND23.31 trillion ($1.12 billion) into the national banking system for liquidity support in the last 4 business days after the arrest of banking tycoon Nguyen Duc Kien.
state bank governor answers questions on bad debts

State Bank Governor answers questions on bad debts

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on August 21 took the floor to answer deputies and voters questions on the settlement of bad debts, measures to facilitate businesses’ access to capital and the implementation of restructuring projects.
call for more foreign investment in banks

Call for more foreign investment in banks

The State Bank of Vietnam (SBV) has asked the government to allow foreign investors to buy more shares in commercial banks, acting Chief Inspector of the State Bank of Vietnam, Nguyen Huu Nghia, told Vietnam News on August 7.
shb habubank ma deal completed

SHB-Habubank M&A deal completed

banks asked to propose atm fees

Banks asked to propose ATM fees

The State Bank of Vietnam has recently asked banks under its system to propose the fees they want to charge ATM cardholders for on-us transactions, or those made on machines of the same bank that issued the ATM card.
deposit rate cap poised for another cut

Deposit rate cap poised for another cut

Governor Nguyen Van Binh of the State Bank of Vietnam signaled the ceiling deposit rate could be reduced by another percentage point this year if inflation continued to stay low.
interest rates to fall to 7 pc state bank governor

Interest rates to fall to 7 pc: State Bank Governor

travellers to be banned from carrying gold bars

Travellers to be banned from carrying gold bars

Individuals may be banned from taking gold bullion with them when they leave the country, the State Bank of Vietnam said Wednesday in a draft circular on which it is collecting feedback from relevant agencies.
foreign banks asked to clarify credit plans

Foreign banks asked to clarify credit plans

The State Bank of Vietnam on July 23 issued a document to request foreign credit institutions and banks in Vietnam to send reports on their credit products and programmes to the central bank before August 2.