cbank sets 15 pct lending rate cap to aid firms

Cbank sets 15 pct lending rate cap to aid firms

The State Bank of Vietnam (SBV) yesterday issued a new circular, imposing a 15 per cent cap on lending interest rates for four preferential sectors, starting next Tuesday, May 8.
state bank may lift deposit rate limit in june

State Bank may lift deposit rate limit in June

cbank buys 623 bln for national reserve

Cbank buys $6.23 bln for national reserve

The State Bank of Vietnam has used around VND130 trillion to buy $6.23 billion worth of foreign currencies from banking systems for the national reserve.
vietinbank establishes subsidiary bank in germany

Vietinbank establishes subsidiary bank in Germany

state bank targets lower rates

State Bank targets lower rates

The State Bank of Vietnam (SBV) will lower the yearly interest rate to 12 per cent because of stable macroeconomic conditions, slowly increasing inflation, improved bank liquidity and credit.
gucci showroom fined 3600 for trading in dollars

Gucci showroom fined $3,600 for trading in dollars

A Gucci showroom located on Ly Thai To Street in Hanoi was recently fined a hefty sum of VND75 million ($3,600) by the State Bank of Vietnam for violating the regulations on trading in foreign currencies.
banks asked to lower lending interest rates

Banks asked to lower lending interest rates

The State Bank of Vietnam has asked State-owned, commercial banks and joint stock banks in which the State holds more than 50 per cent of their registered capital to cut operation costs and lower lending interest rates.
banks move to cut deposit interest rates

Banks move to cut deposit interest rates

A State Bank of Vietnam (SBV) announcement about a possible cut in deposit interest rates has spurred many banks into action even before an official decision is taken.
ministry backs plan to set up construction bank

Ministry backs plan to set up construction bank

The Ministry of Construction has asked the State Bank of Vietnam to consider the Vietnam Real Estate Association (VNREA)’s plan to set up a construction bank.
vietinbank to help finance hanoi metro

Vietinbank to help finance Hanoi metro

The State Bank of Vietnam (SBV) has assigned the Vietnam Bank for Industry and Trade (Vietinbank) to arrange funds for the Hanoi Railway Station – Nhon urban metro rail project (line 3).
cbank allocates 2012 credit growth caps for more banks

Cbank allocates 2012 credit growth caps for more banks

The State Bank of Vietnam has allocated 2012’s credit growth caps for more lenders.
cbank withdraws vnd1345 trillion via omos

Cbank withdraws VND134.5 trillion via OMOs

The State Bank of Vietnam (SBV) has withdrawn about VND134.5 trillion ($6.46 billion) that was pumped into the banking system for liquidity support via Open Market Operation (OMOs) during the pre-Tet (Lunar New Year) period.
weak banks to miss credit growth allocation

Weak banks to miss credit growth allocation

According to an instruction issued by the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on Feb. 13, banks belonging to Group 4 (weak banks) will not be allocated any credit growth this year.
state bank to submit gold plan

State bank to submit gold plan

The State Bank of Vietnam (SBV) is ready to submit to the Government a scheme on mobilizing gold from citizens, said Governor Nguyen Van Binh in an interview with the Vietnam News Agency.
cbank cuts compulsory reserves for 5 lenders boosts agricultural lending

Cbank cuts compulsory reserves for 5 lenders, boosts agricultural lending

The State Bank of Vietnam (SBV) has issued a document on cutting the compulsory reserves in Vietnamese dong deposits for 5 lenders with large agricultural lending.