state bank keeps prime rate at 9 per cent

State Bank keeps prime rate at 9 per cent

The State Bank of Vietnam has decided to hold the prime interest rate for the Vietnamese dong at 9 per cent for at least one month.
selling dollars to essential product importers only says sbv

Selling dollars to essential-product importers only, says SBV

The State Bank of Vietnam will keep close eyes on selling dollars to essential-product importers at local lenders as it continues to sell the greenback until the end of the year, said vice governor.
state bank scoffs at gold hoarding rumours

State Bank scoffs at gold-hoarding rumours

The State Bank of Vietnam refused to comment on Monday on rumours that 1,000 tonnes of gold, worth $45 billion, was being hoarded in private hands.
sbv foreign exchange market sees positive signs

SBV: Foreign exchange market sees positive signs

The foreign exchange market has shown positive signs over the past few days, and the balance between the purchase and sale of foreign currencies by commercial banks has improved, according to a new announcement by the State Bank of Vietnam (SBV).
state bank pours more capital into interbank system

State Bank pours more capital into interbank system

The State Bank of Vietnam yesterday announced it would inject additional capital with longer terms into the interbank open market system, in a measure aimed at easing upward pressures on interbank interest rates.
gold testing new price bar

Gold testing new price bar

By late afternoon of today, the price of gold tumbled against the morning level close to VND37 million ($1.897) per tael after the State Bank of Vietnam (SBV) governor Nguyen Van Giau told the Vnexpress that SBV would grant quotas on gold imports for businesses.
state bank stiffens rates

State Bank stiffens rates

The State Bank of Vietnam has finally taken strong action to rise the four basic interest rates by 1 per cent from November 5.
sbvs seven requirements for credit institutions

SBV’s seven requirements for credit institutions

Governor of the State Bank of Vietnam (SBV) Nguyen Van Giau on Thursday in Hanoi issued Directive 04/CT-NHNN on monetary, credit and banking measures for price stabilization and macro-economic stability in the rest of 2010 and early 2011.
listed banks may face bad debt limits

Listed banks may face bad-debt limits

Credit institutions with bad debts of more than three per cent will not be allowed to list on the stock exchanges, according to a draft circular of the State Bank of Vietnam (SBV).
sbv halts lending against gold collateral

SBV halts lending against gold collateral

The State Bank of Vietnam has issued a new regulation forbidding commercial banks from lending cash against gold collateral, in a move aimed at easing pressure on the foreign exchange market, as well as lowering risks to the banking system.
bocom opens first branch in vietnam

BoCom opens first branch in Vietnam

China’s Bank of Communications (“BoCom”) yesterday was approved by the State Bank of Vietnam to open its first branch in Vietnam in Ho Chi Minh City.
bank denies new rumours of devaluation

Bank denies new rumours of devaluation

Hanoi - The State Bank of Vietnam is not planning any adjustments to foreign exchange rates, State Bank Governor Nguyen Van Giau said yesterday in Hanoi.

First banks lower interest rates

HA NOI – Several commercial banks on October 15, 2010 began lowering their deposit interest rates by 0.2 percentage points to 11 per cent per year in compliance with an agreement made between the Vietnam Banks Association (VNBA) and the State Bank of Vietnam.

Move on listed firms’ foreign holdings cap

The State Bank of Vietnam has proposed that the government not lift a cap on listed companies’ foreign holdings this year to limit negative effects from possible capital withdrawal on the domestic capital market.
foreign stake holdings of banks capped

Foreign stake holdings of banks capped

The State Bank of Vietnam has fixed the total portion of stakes held by foreign institutional and individual investors in both non-listed and listed local commercial banks at 30 per cent of a joint stock bank’s chartered capital, rather than lift it to 49 per cent as previously drafted.