state bank moves to accumulate privately held gold

State bank moves to accumulate privately-held gold

The State Bank of Vietnam (SBV) will submit a plan to the Government to mobilise gold from individual people who hold an estimated at 300-500 tonnes.
governor vietnamese dong increases its attractiveness

Governor: Vietnamese dong increases its attractiveness

The Vietnamese dong has increased its attractiveness as a result of the State Bank of Vietnam’s monetary policies, SBV Governor Nguyen Van Binh said.
central bank intensifies efforts to stabilise interest rates

Central bank intensifies efforts to stabilise interest rates

21 tons of gold to be imported for jewelry making

2.1 tons of gold to be imported for jewelry making

The State Bank of Vietnam has given the green light to the import of over 2.1 tons of gold to make gold jewelries for re-export, according to the Vietnam General Department of Customs.
five to eight banks to be merged in 2012

Five to eight banks to be merged in 2012

banks flout state banks deposit rate cap

Banks flout State Bank’s deposit rate cap

Many Vietnamese commercial banks continue to flout the State Bank of Vietnam’s deposit interest rate cap of 14 per cent, offering rates of up to 20-21 per cent per annum.
gold decree takes shape

Gold decree takes shape

banks to be allocated credit growth as

Banks to be allocated credit growth quotas

This year will be the first time credit growth is allocated by the State Bank of Vietnam for credit institutions based on performance.
first merged bank officially inaugurated

First merged bank officially inaugurated

Saigon Commercial Bank (SCB), the first merged bank to be formed under the State Bank of Vietnam’s plan to restructure the banking system, yesterday officially became operational one month after completing procedures for the merger.
foreign banks face asset threshold

Foreign banks face asset threshold

Foreign banks who want licences to operate in Vietnam must have at least VND100 trillion ($4.76 billion) worth of assets in total, according to the State Bank of Vietnam (SBV).
new circular to enforce independent audits

New circular to enforce independent audits

All credit institutions and branches of foreign banks in Vietnam will have to obey rules on independent audit beginning January 1, according to a new circular issued on December 15 by the State Bank of Vietnam (SBV).
afd supports small enterprises

AFD supports small enterprises

On December 13, the State Bank of Vietnam and the French Development Agency signed a million euro ($1.34 million) grant agreement.
sbv governor admits shortcomings over interest rate cap

SBV Governor admits shortcomings over interest rate cap

The Governor of the State Bank of Vietnam (SBV) admitted in answers to a National Assembly cross-examination on November 25 that lax management had resulted in violations of the 14 per cent ceiling deposit interest rate.
sbv unveils draft decree on gold trading management

SBV unveils draft decree on gold trading management

The State Bank of Vietnam Monday announced the official draft decree on gold trading management, with some additional clauses intended to dispel certain rumors which have been raising public concerns recently.
agricultural production gets credit priority

Agricultural production gets credit priority

Agriculture and rural areas have been identified as the top priorities in the State Bank of Vietnam’s credit policy for 2012, with an aim of increasing farm production value.