Vietnam central bank postpones gold bar auction

Vietnam central bank postpones gold bar auction

The State Bank of Vietnam announced that it has postponed its first gold auction in 11 years, set for April 22, due to a lack of participants.
SBV outlines restructuring plans for troubled SCB

SBV outlines restructuring plans for troubled SCB

SBV Deputy Governor Dao Minh Tu revealed the government’s strategy for aiding the beleaguered SCB at a press briefing on April 19.
Upward trend anticipated in forex rate

Upward trend anticipated in forex rate

The forex market faces pressures in the second quarter.
PM demands strengthened gold market management

PM demands strengthened gold market management

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
SCB, Van Thinh Phat execs convicted of embezzlement; Truong My Lan sentenced to death

SCB, Van Thinh Phat execs convicted of embezzlement; Truong My Lan sentenced to death

Truong My Lan received a death sentence and was ordered to pay nearly $26.97 billion in compensation.
ADB highlights geopolitical tensions in gold market

ADB highlights geopolitical tensions in gold market

The Asian Development Bank office in Vietnam has addressed fluctuating trends in the global gold market.
Dated policies on gold necessitate modernisation

Dated policies on gold necessitate modernisation

Experts have called for regulatory changes to align Vietnam’s gold prices with global rates, suggesting authorised imports by businesses to reduce smuggling, stabilise the market, and increase foreign reserves.
SBV asked to keep interests low and financial access easier

SBV asked to keep interests low and financial access easier

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with leading and coordinating governmental ministries and agencies to keep interest rates low and financial access easier for businesses, according to Directive 18/CD-TTg signed on March 7.
SBV injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Experts share mixed sentiments on forex in 2024

Experts share mixed sentiments on forex in 2024

Volatility is likely to continue in the forex market.
Ownership tweaks show commitment to improve

Ownership tweaks show commitment to improve

Banking trainer and consultant Le Hoai An discussed the impact of this with VIR’s Nhue Man and the adjustment of the maximum institutional ownership capital in commercial banks.
Expert predictions on forex in 2024

Expert predictions on forex in 2024

A moderate exchange rate movement is forecast for this year.
Strategic plans in need for credit limits

Strategic plans in need for credit limits

Abolishing the credit growth limits in Vietnam could necessitate a strategic roadmap and the development of effective alternative tools to ensure financial stability and progress, some analysts have said.
The tools to withstand challenges in credit growth

The tools to withstand challenges in credit growth

The ability to repay debt and collateral assets is currently a tough landscape. Economist Le Xuan Nghia talked to VIR’s Nhue Man about the prospects of abolishing credit limits in creating economic efficiency.
Vietnam readies for Open Banking revolution with new legal framework

Vietnam readies for Open Banking revolution with new legal framework

There has been an overhaul in the laws relating to 'Open Banking.'
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