us treasury continues not to list vietnam as currency manipulator

US Treasury continues not to list Vietnam as currency manipulator

The US Department of the Treasury has continued not to list Vietnam as a currency manipulator in its latest semi-annual report on the macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Vietnam (SBV) said on November 8.
credit rating overhaul vital for building trust

Credit rating overhaul vital for building trust

Pivotal changes are upcoming in Vietnam’s financial market, with mandated credit ratings for specific corporate bonds from 2024 to boost transparency and diversify investments.
sbv committed to efficiency through digitalisation

SBV committed to efficiency through digitalisation

Industry 4.0 is having a profound impact, reshaping not just economies, but the very fabric of culture, politics, and society globally. A central figure in this transformation is data. Widely hailed as the new gold, its significance in the digital transition process is undeniable.
banks keen to maintain upward route

Banks keen to maintain upward route

Banks are hoping for positive developments to fill up the rest of the year after some performance dips so far in 2023.
central bank forecast to continue bill issuance amid abundant liquidity

Central bank forecast to continue bill issuance amid abundant liquidity

The State Bank of Vietnam (SBV) will continue to issue new bills to withdraw cash from the banking system as liquidity is abundant and interbank interest rates remain low, analysts forecast.
monetary policy governance requires thorough consideration official

Monetary policy governance requires thorough consideration: official

As the governance of the monetary policy has to concurrently guarantee multiple targets, including reducing interest rates, expanding credit, stabilising foreign exchange rates, and ensuring credit institutions’ safety, thorough consideration is needed before any steps are taken, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
drastic measures needed to remove vietnam from money laundering grey list deputy pm

Drastic measures needed to remove Vietnam from money laundering grey list: Deputy PM

Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.
vietnam eyes foreign investment boost for banking sector

Vietnam eyes foreign investment boost for banking sector

At the meeting conference between the prime minister and foreign investors on October 17, Pham Thanh Ha, Deputy Governor of the State Bank of Vietnam (SBV), gave a warm welcome to foreign investors as they stood ready to address the challenges faced by underperforming Vietnamese banks.
bigger banks hoover up weaker rivals

Bigger banks hoover up weaker rivals

Prominent Vietnamese banks are making calculated moves to acquire struggling counterparts, signalling a broader restructure of Vietnam’s banking system.
exchange rates set to put pressure on bank lending

Exchange rates set to put pressure on bank lending

Exchange rate pressures will hinder the declining trend of interest rates in the near future, though when compared to other economies, the devaluation of the VND remains under control.
confidence on show in banks green shift

Confidence on show in banks’ green shift

Vietnamese banks are amplifying green financing efforts amid robust government backing, navigating both advancements and industry issues.
refined laws required to combat laundering

Refined laws required to combat laundering

Vietnam is working to implement anti-money laundering regulations within the crypto sector amid a global rise in digital assets.
cashless society ambitions offered a helping hand

Cashless society ambitions offered a helping hand

Vietnam is swiftly revolutionising its financial sector by phasing out outdated card technologies, embracing non-cash solutions, and enacting laws to enhance security.
central bank keeps close eye on forex market movements

Central bank keeps close eye on forex market movements

The State Bank of Vietnam is monitoring and taking action to moderate exchange rate movements in the face of weakening regional currencies.
new rating agency approval shores up credit confidence

New rating agency approval shores up credit confidence

Vietnam’s corporate bond market is set for a transformative leap with the entrance of a new credit rating agency, paving the way for renewed confidence and alignment with global standards.