state bank calls on banks to focus on small firms

State Bank calls on banks to focus on small firms

The State Bank of Vietnam (SBV) has reminded commercial banks to abide by its directive to prioritise lending for the manufacturing and SMEs sectors.
banks ordered to provide public forex services

Banks ordered to provide public forex services

The State Bank of Vietnam has asked credit institutions licenced to provide foreign exchange services to sell foreign currencies in cash to citizens.
sacombank sets up subsidiary in cambodia

Sacombank sets up subsidiary in Cambodia

The State Bank of Vietnam late last week approved the Saigon Thuong Tin Commercial Bank (Sacombank)’s proposal to set up a subsidiary bank in Cambodia.
banks required to make reports to sbv

Banks required to make reports to SBV

The State Bank of Vietnam issued a dispatch on March 10 to require all credit institutions to report on their capital mobilisation and gold lending.
state bank lifts refinancing rate to 12 pct

State bank lifts refinancing rate to 12 pct

The State Bank of Vietnam (SBV) on March 8 raised refinancing and discount rates to 12 per cent per year.
deposit interest rates capped at 14 per cent

Deposit interest rates capped at 14 per cent

The State Bank of Vietnam issued Circular No 02/2011/TT-NHNN on March 3, capping interest rates that can be offered by commercial banks on dong deposits at no more than 14 per cent per year.
bank tightens interest rates in dong savings

Bank tightens interest rates in dong savings

The Governor of the State Bank of Vietnam (SVB) on March 2 ordered the heads of every SBV branch in the country to monitor the interest rates on Vietnamese dong savings deposits offered by local credit organisations.
sbv urges curb on loans for non production activities

SBV urges curb on loans for non-production activities

The State Bank of Vietnam (SBV) has asked chairpersons of the people’s committees of provinces and cities to instruct SBV branches and credit organisations in the localities to keep loans to non-production sectors such as real estate and securities at reasonable levels.
firm to disclose dollar reserves

Firm to disclose dollar reserves

Commercial banks have been ordered by the State Bank of Vietnam to report on the foreign currency deposits of 99 major State-owned enterprises by the end of this week.
state bank endeavours to constrain inflation

State bank endeavours to constrain inflation

The State Bank of Vietnam (SBV) will make moves to reduce the dollarisation of the national economy to use the VND as the only means of payment in the country, said a SBV senior official.
ibm awards certificate of excellence from state bank of vietnam

IBM awards Certificate of Excellence from State Bank of Vietnam

IBM Vietnam has become the first non-banking foreign firm to receive the Certificate of Excellence from the Governor of the State Bank of Vietnam (SBV) for its outstanding contributions to the country’ development of the banking industry.
bank rejects issuance of vnd1 million notes

Bank rejects issuance of VND1 million notes

The State Bank of Vietnam (SBV) is not planning any issuance of banknotes with a denomination of VND1 million.
sbv raises refinancing interest rate to 11 per cent

SBV raises refinancing interest rate to 11 per cent

thumbs up for foreign bank capital expansions

Thumbs up for foreign bank capital expansions

The number of foreign bank branches receiving State Bank of Vietnam’s approval to increase their registered capital to support their credit operations in Vietnam has kept increasing.
central bank devalues dong by 93 per cent

Central bank devalues dong by 9.3 per cent

State Bank of Vietnam today announced to depreciate Vietnamese dong by 9.3 per cent against US dollar and cut down the gap of rate fluctuation to 1 per cent from 3 per cent, aiming to ensure the high liquidity of the foreign exchange market and control the trade deficit.