state firms told to sell dollars

State firms told to sell dollars

State-owned groups, corporations and enterprises that are over 50 per cent state-owned will have to sell foreign reserves (US dollar) to commercial banks from next month, pursuant to a circular released on June 1 by the State Bank of Vietnam .
state bank of vietnam buys 1 billion

State Bank of Vietnam buys $1 billion

The State Bank of Vietnam (SBV) has purchased $1 billion from commercial banks since late April.
vietcombank to list 16 billion more shares on hcm city bourse

Vietcombank to list 1.6 billion more shares on HCM City bourse

Vietcombank has received a thumbs-up from the State Bank of Vietnam to list nearly 1.6 billion shares on the domestic stock market.
travellers to be allowed to buy dollars

Travellers to be allowed to buy dollars

Vietnamese citizens will be allowed to buy foreign currency worth up to $1,000 to travel abroad for 10 days, or $100 per day, under a draft circular of the State Bank of Vietnam regulating treasuries trading.
vietnam adb sign 138 bln assistance package

Vietnam, ADB sign $1.38 bln assistance package

State Bank of Vietnam Governor Nguyen Van Giau and Asian Development Bank (ADB) President Haruhiko Kuroda signed a $1.38 billion financial assistance package in Hanoi on May 5 to enhance Vietnam’s nationwide clean water access, conserve threatened forests, and ease urban gridlock.
new ban on gold deposits and lending

New ban on gold deposits and lending

The State Bank of Vietnam (SBV) has issued a circular requesting an end to gold deposits and lending beginning May 1.
44th adb annual meeting to open tomorrow

44th ADB Annual Meeting to open tomorrow

banks to stop gold deposits to curtail risks

Banks to stop gold deposits to curtail risks

The State Bank of Vietnam (SBV) is considering a deadline to stop gold deposit and lending activities in an effort to prevent risks and insecurity for the domestic market, six months after taking measures to restrict gold trading activities.
pm urges modern safe and effective banking system

PM urges modern, safe and effective banking system

The State Bank of Vietnam (SBV) should closely combine the monetary policy with the fiscal policy to continue effectively implementing measures to curb inflation, stabilise the macro economy and ensure social welfares.
banks to stop gold loans deposits

Banks to stop gold loans, deposits

Banks will stop lending gold from May 1 and will stop accepting gold deposits two years from that date, the State Bank of Vietnam said Thursday.
banks told to lower credit growth to 20 pc

Banks told to lower credit growth to 20 pc

The State Bank of Vietnam has instructed commercial banks to submit plans by April 21 for holding credit growth this year at less than 20 per cent.
sbv to consider upping foreign stakes in banks

SBV to consider upping foreign stakes in banks

Prime Minister Nguyen Tan Dung has instructed the State Bank of Vietnam (SBV) to consider allowing commercial banks to sell up to 20 per cent of their charter capital to a single foreign strategic investor.

Banks axe USD mobilising interest rate

All banks simultaneously reduced their USD deposit interest rates to 3 per cent on April 13 in response to the State Bank of Vietnam ’s recent related decision, which took effect the same day.
sbv to order soes to sell dollar reserves

SBV to order SOEs to sell dollar reserves

The State Bank of Vietnam has announced its plan to order major state-owned economic groups and corporations to sell $376 million in US dollar reserves to the commmercial banking system next week in order to reduce the accumulation of dollars in the economy.
demand for foreign currency reveals need for stricter regulations

Demand for foreign currency reveals need for stricter regulations

The State Bank of Vietnam (SBV) must find a way to meet legitimate demand for foreign currencies, says Dr. Cao Sy Kiem, the former governor of SBV.