How the central bank can get to grips with dipping rates and economic turbulence

How the central bank can get to grips with dipping rates and economic turbulence

As global central banks begin to neutralise loosened monetary policy, such as the Fed lowering rates, this is seen as positive signals as the world economy gradually recovers, minimising the risk of global economic crisis.
Banks to make provisions for COVID-19 affected loans this year

Banks to make provisions for COVID-19 affected loans this year

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
Central bank continues growth drive amid global uncertainties

Central bank continues growth drive amid global uncertainties

The State Bank of Vietnam is predicted to continue maintaining a loose monetary policy with low interest rates, even as the global economy is showing positive signs.
Central bank extends credit growth limits

Central bank extends credit growth limits

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
Central bank updates security for card payments

Central bank updates security for card payments

In the wake of new advances in science and technology that pose challenges to security and confidentiality, the State Bank of Vietnam (SBV) is drafting amendments to Circular 47/2014/TT-NHNN with new technical regulations on security and confidentiality for the card payment system.
Central bank approves ACB"s plan to raise charter capital

Central bank approves ACB"s plan to raise charter capital

The State Bank of Vietnam has approved the Asia Commercial Bank (ACB)’s plan to raise its charter capital from 16.6 trillion VND (721 million USD) to 21.6 trillion VND (938.3 million USD).
Central bank considers changing roadmap for ratio of short-term funds for long-term loans

Central bank considers changing roadmap for ratio of short-term funds for long-term loans

The State Bank of Vietnam was considering changing the roadmap for adjusting the ratio of short-term funds used for medium and long-term loans, with the aim that banks could lower lending costs and provide preferential rates to aid post-pandemic recovery.
Six central banks planning to issue digital currencies

Six central banks planning to issue digital currencies

The heads of six central banks and the Bank for International Settlements in mid-April will hold their first meeting on developing their own digital currencies.
Banking sector performance in 2019 and tasks for 2020

Banking sector performance in 2019 and tasks for 2020

The central bank did a smart job of controlling the money supply and the interest rate while driving inflation to the lowest level in three years.
Experts say no concern for US dollar appreciation

Experts say no concern for US dollar appreciation

The US dollar has continued to appreciate against the Vietnamese dong in recent days, but experts are not concerned about the rise, saying the central bank will take effective measures to get the foreign exchange market under control.
US Fed warns of 'consequential' risk from escalating trade disputes

US Fed warns of 'consequential' risk from escalating trade disputes

An escalation of ongoing US trade disputes poses a "consequential downside risk" to the economy, which will make the job of the central bank more challenging, the US Federal Reserve warned on Wednesday (Aug 22).
Central bank to hold first FinTech Day in May

Central bank to hold first FinTech Day in May

The central bank will organise the first National FinTech Day this May to facilitate the growth of the FinTech community.
Central bank issued bills valued at over $4 billion

Central bank issued bills valued at over $4 billion

The State Bank of Viet Nam (SBV) has issued record high bills worth some VND92.1 trillion (US$4.05 billion) until Monday to withdraw money from the banking system.
ECB chief slams Cyprus bailout

ECB chief slams Cyprus bailout

The European Central Bank chief hit out on Thursday at what he said was a poorly managed bailout for eurozone Cyprus as protests at the crippling costs for the small Mediterranean island raged on.
Gold price fluctuates in two auctions

Gold price fluctuates in two auctions

When the State Bank notified that it would hold the second gold bullion bidding on Apr 4, SJC gold price increased again.
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