SBV to establish new State Foreign Exchange Reserve Management Department

SBV to establish new State Foreign Exchange Reserve Management Department

The SBV intends to establish the State Foreign Exchange Reserve Management Department due to the rise in foreign currency reserves.
Pandemic-hit firms to enjoy preferential interest rate credit package

Pandemic-hit firms to enjoy preferential interest rate credit package

Loans of pandemic-hit enterprises will enjoy an interest rate cut of 2 per cent under a government support package to remove difficulties for the businesses.
Banking sector to maintain the lifeblood of the economy

Banking sector to maintain the lifeblood of the economy

Top bank leaders have discussed their development trajectories for the new year to successfully meet all economic goals set for 2021-2025.
SBV combats illegal gambling and betting activities through e-wallets

SBV combats illegal gambling and betting activities through e-wallets

The State Bank of Vietnam is intensifying investigations to fight against illegal gamblings via e-wallets, following recent media reports covering allegations related to MoMo's e-wallet.
Banks prohibited from paying dividends in cash in 2022

Banks prohibited from paying dividends in cash in 2022

Vietnam's commercial banks will be barred from paying cash dividends to shareholders to reduce interest rates.
SBV sets credit growth target to 14 per cent in 2022

SBV sets credit growth target to 14 per cent in 2022

The SBV would increase its credit growth objective to around 14 per cent and will be more flexible in its operational orientation in 2022.
Vietnam keeps clear of US currency manipulator status

Vietnam keeps clear of US currency manipulator status

Vietnam continues to meet the requirements for not being classified as a currency manipulator according to the US Department of the Treasury.
SBV could delay roadmap of using maximum short-term capital for medium- and long-term loans

SBV could delay roadmap of using maximum short-term capital for medium- and long-term loans

The SBV could delay setting a maximum rate of short-term capital to provide medium- and long-term loans.
Which banks are allowed to increase their credit growth?

Which banks are allowed to increase their credit growth?

11 of 13 Vietnamese commercial banks have been given permission to increase their credit lines by the State Bank of Vietnam.
SBV promotes two new deputy governors

SBV promotes two new deputy governors

Prime Minister Pham Minh Chinh signed two directives appointing two Deputy Governors for the State Bank of Vietnam (SBV) last week.
Comparative guide on cryptocurrency legislations and guidelines in Vietnam

Comparative guide on cryptocurrency legislations and guidelines in Vietnam

Steven Jacob, foreign associate and Thai Gia Han, junior associate from Indochine Counsel shared about cryptocurrency legislation in Vietnam.
Banks report healthy three-quarter profit picture

Banks report healthy three-quarter profit picture

Many banks have published business reports for the first three quarters, depicting a generally bright profit picture.
SeABank raises charter capital to nearly $590 million

SeABank raises charter capital to nearly $590 million

SeABank has increased its charter capital to nearly $590 million by paying dividend in shares and issuing shares to employees.
MSB to increase its charter capital to nearly $664 million

MSB to increase its charter capital to nearly $664 million

The SBV has approved MSB to increase its charter capital to VND15.275 trillion ($664.13 million) through stock issuance to pay dividends.
More bank support given to businesses affected by COVID-19

More bank support given to businesses affected by COVID-19

Credit institutions and businesses can now relax after the SBV extended the time and scope of debt rescheduling for enterprises suffering from COVID-19.
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