rumoured ban on finance companies denied

Rumoured ban on finance companies denied

The State Bank of Vietnam has refuted rumours that it intends to close financial companies.
saigon hanoi bank licensed to open branch in laos

Saigon-Hanoi Bank licensed to open branch in Laos

The State Bank of Vietnam on November 9 gave a nod to the Saigon-Hanoi Joint Stock Commercial Bank (SHB) to open a branch in Laos.
overseas remittance to vietnam to hit 85 billion

Overseas remittance to Vietnam to hit $8.5 billion

The volume of overseas remittance to Vietnam is forecast to hit $8.5 billion this year, a record high compared to last year’s $8 billion, according to the State Bank of Vietnam (SBV).
sbv raises interbank exchange rate

SBV raises interbank exchange rate

The State Bank of Vietnam on October 26 raised the interbank exchange rate by VND20 to VND20,768 per dollar, its highest level this year.
scb helps enhance local banking industrys communication capabilities

SCB helps enhance local banking industry’s communication capabilities

Peter Sands, group chief executive of Standard Chartered Bank today opened in Hanoi a media training conference organised by the State Bank of Vietnam.
state bank to focus on security liquidity

State Bank to focus on security, liquidity

The State Bank of Vietnam will continue to closely monitor the monetary market and the banking sector to discover violations and help banks deal with liquidity-related problems, the bank said.
dollar rises to nearly vnd21000

Dollar rises to nearly VND21,000

With the State Bank of Vietnam today increasing the interbank dollar exchange rate for the eighth time this month, the ceiling price at banks rose to VND20,930.
interbank dollar rate at 5 month peak

Interbank dollar rate at 5-month peak

The State Bank of Vietnam today increased the interbank dollar exchange rate to its highest level in the last five months.
state bank bans lending towards gold buying

State Bank bans lending towards gold buying

The State Bank of Vietnam on Saturday decided to ban banks and credit institutions to provide loans for gold purchases, except for cases allowed by the State Bank.
state bank to take measures to stabilize domestic gold price

State Bank to take measures to stabilize domestic gold price

The State Bank of Vietnam said Wednesday it would immediately set up strong measures to stabilize the domestic gold price, in wake of the sudden rush to buy gold.
central bank says seek to assure dong liquidity

Central Bank says seek to assure dong liquidity

The State Bank of Vietnam said Wednesday it would ensure Vietnam dong liquidity for the country’s banking system as a number of commercial banks have cut lending rates for manufacturing industries to 17per cent-19 per cent a year from 18%-22 per cent.
central bank considers setting up gold fund

Central bank considers setting up gold fund

The State Bank of Vietnam is considering setting up a gold fund with Saigon Jewelry Co. (SJC), the country’s largest gold trader, and commercial banks, to tame the soaring domestic gold prices.
ministries run trial credit insurance programme

Ministries run trial credit insurance programme

A national trial credit insurance programme aiming to cover nearly 3 per cent of export turnover by credit insurance by the end 2013, has been launched by the ministries of Finance, Industry and Trade, the State Bank of Vietnam (SBV) and the Government Office.
state bank authorises more gold imports as prices soar

State Bank authorises more gold imports as prices soar

The State Bank of Vietnam has designated businesses that will be allowed to import additional gold in an effort to cool down the domestic price.
central bank licenses new gold imports

Central bank licenses new gold imports

The State Bank of Vietnam yesterday licensed 10 banks and gold trading companies to import a total of four tons of gold.