17-09-2011 10:02
The State Bank of Vietnam is stepping up measures to penalise banks that are exceeding the deposit interest cap rate of 14 per cent per year by offering bonuses, promotions and incentives to customers.
14-09-2011 15:45
The State Bank of Vietnam plans to establish a standing group of 12 leading commercial banks which represent 85 per cent of market share to address issues that arise in the banking system.
08-09-2011 11:16
The State Bank of Vietnam (SBV) will continue its close and flexible policy to control money supply, ensure credit growth below 18 per cent, stabilise exchange rates, and reduce lending interest rates in the remaining months of this year.
01-09-2011 17:39
Commercial banks may lend over 80 per cent of their deposits, under a new circular issued by the State Bank of Vietnam. The new regulation would also allow non-bank credit institutions to lend up to 85 per cent of their deposits.
01-09-2011 10:08
The State Bank of Vietnam (SBV) has issued a new regulation to remove the lending cap of 80 per cent imposed banks as of September 1.
01-09-2011 10:08
The State Bank of Vietnam (SBV) is mulling over a plan to attract and utilise gold accumulated in domestic savings in order to bolster national foreign currency reserve.
31-08-2011 09:12
The former head of the Foreign Exchange Management Department Truong Van Phuoc had a talk with Tuoi Tre about the State Bank of Vietnam’s plan to mobilise a large source of gold from the public to buy foreign currencies to strengthen reserves.
30-08-2011 11:16
The State Bank of Vietnam on August 29 raised the foreign currency compulsory reserves ratio for commercial banks by 1 percentage point to 8 per cent of total deposits in a move to limit the growing number of new loans being made in US dollars.
29-08-2011 12:27
The State Bank of Vietnam will hold the line on the prime rate while increasing pressure on commercial banks to comply with the cap on deposit interest rates, State Bank Governor Nguyen Van Binh has announced last week in a bid to help commercial banks reduce borrowing costs.
26-08-2011 11:13
Deputy Prime Minister Vu Van Ninh urged the State Bank of Vietnam (SBV) to take a proactive and flexible monetary policy while working with the bank on August 25.
23-08-2011 15:26
Gold retreated to VND48.8 million a tael Tuesday after surging to VND48.9 million following the State Bank of Vietnam’s unveiling of a package to control the gold market, including unlimited imports.
19-08-2011 11:24
The Vietnam Association of Financial Investors (VAFI) has called on the State Bank of Vietnam to scrap plans on establishing a national gold trading floor as it would not bring any benefit to the economy.
18-08-2011 09:14
The State Bank of Vietnam has issued a circular, stipulating the bringing of foreign currency in cash and Vietnam dong in cash by individuals when leaving or entering the country.
15-08-2011 15:00
Managing director of Indian Overseas Bank (IOB) Nupur Mitra has met with the State Bank of Vietnam Governor to urge the upgrade of its current representative office to a new branch in Ho Chi Minh City .
15-08-2011 14:56
The State Bank of Vietnam plans to increase the value of the Vietnamese dong against the US dollar over the next four months in a bid to protect the value of the domestic currency, State Bank Governor Nguyen Van Binh told Sai Gon Economic Times this week.