SBV lays down the law

The State Bank of Vietnam (SBV) will lift the required minimum chartered capital to newly established commercial banks in Vietnam from next year to VND5 trillion to boost competitiveness and stablise the local banking system.
sbv demands more power

SBV demands more power

The State Bank of Vietnam has made a proposal to amend the existing State Bank Law and the governmental decree on its structure in order to increase its powers and allow the institution to act as a real central bank as the country prepares to enter the World Trade Organization.

Foreigners bank on revamp

The tight control over foreign ownership in domestic commercial banks, in place for more than 10 years, may be relaxed at the end of this year, as the State Bank of Vietnam (SBV) considers raising the maximum ownership stake from 10 to 30 per cent.
local banks to be hit by client losses

Local banks to be hit by client losses

The market share for state-run banks in Vietnam will shrink significantly by 2010, once Vietnam fully opens its financial market, reported Vietbid, a leading local consulting firm hired by the State Bank of Vietnam (SBV) to build strategies for the banking sector’s international integration.

Yuan revaluation to have minor impact

The revaluation of the Chinese yuan, or renminbi (RMB), will have insignificant effects on Vietnam’s economy, officials from the State Bank of Vietnam (SBV) have reported.

SBV banks on big spending firm up economy

Fearing demand for funds will fuel an interest rate bubble, the State Bank of Vietnam (SBV) has said it will continue injecting more funds into the economy through the open market.

SBV prods SOEs to clear bad debts

The State Bank of Vietnam (SBV) has called for the government to tighten regulations on debt repayments by state-owned corporations undergoing equitisation, in order to clear up the bad debt status of several state-owned commercial banks.
basel prudency ensured in banks

Basel prudency ensured in banks

The State Bank of Vietnam (SBV) recently issued a series of regulations aimed at improving the credit quality and safety of the whole banking system and complying with core Basel recommendations and international banking practices. Decision No. 457/2005/QD-NHNN, dated April 19, 2005, deals with prudent ratios in the operations of credit institutions. YKNV lawyers, Truong Nhat Quang and Vu Dzung address certain significant provisions in Decision 457.
european banks hail deposit move

European banks hail deposit move

European Union banks operating in Vietnam are now permitted to accept Vietnamese dong deposits at the same level as their American counterparts, according to a new decision issued by the State Bank of Vietnam last week.
new laws to test vietnams banks

New laws to test Vietnam’s banks

On February 3, 2005, the State Bank of Vietnam (SBV) enacted Decision 127 to amend certain articles of Decision 1627, dated December 31, 2001, of the Regulations on Loans Extended by Credit Institutions to Customers.
bold steps set to curb inflation

Bold steps set to curb inflation

State Bank of Vietnam governor Le Duc Thuy is preparing to take bold steps to keep inflation tracking at below 6.5 per cent this year.

State Bank backs bonds to fund works worksprojects

CAPITAL for public projects fetching low returns should be sourced from government bonds and not banks, the State Bank of Vietnam has told the government.