state bank

Real estate grapples with new focus

August 22, 2023 | 10:14

Real estate insiders are predicting a strong end to 2023 in terms of recovery in various segments, and launches are already underway, but this will occur in tandem with government moves to adjust currently tight regulations on real estate lending.

State Bank revises up interest rates by 1 percent from September 23

September 23, 2022 | 15:16

Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1 percent, starting from September 23.

Landscape to shift through draft proposals for Law on Enterprises

May 15, 2020 | 10:00

Under the current Law on Enterprises, all payments for capital transfer transactions as well as the receipt of dividends by foreign investors must be made through capital accounts opened by the investors at banks in Vietnam, except for payment by assets. As it stands, this regulation is not aligned with the latest foreign exchange regulations issued by the State Bank of Vietnam in June 2019, which allow for direct payments between two offshore investors.

Commercial banks cut down deposit rates

March 21, 2020 | 10:30

Commercial banks continued to cut deposit rates on September 19 after the State bank revised down benchmark rates.

Banks optimistic about growth rate this year

June 28, 2018 | 11:32

The banking sector is optimistic about its growth prospect in 2018 as all of surveyed banks expects the growth rate to be more than 10 per cent.

Central bank raises reference exchange rate

April 18, 2018 | 16:45

State Bank of Viet Nam on April 18 raised the daily reference exchange rate by five Vietnamese dong from the previous day, setting it at VND22,482 per US dollar.

Reference exchange rate down on week’s beginning

April 16, 2018 | 13:32

The State Bank of Viet Nam set the daily reference exchange rate at 22,487 VND/USD on the first day of the week (April 16), down 5 VND from the last day of previous week (April 13).

SCB to improve financial heath

March 26, 2013 | 15:02

Saigon Commercial Bank, one year after the merge, now has better liquidity and improved payment ability, statement from State Bank released last week.

Stable exchange rates key

March 25, 2013 | 14:21

Banking authorities are working hard to make sure the foreign currency market runs smoothly.

Opening door to property credit

March 15, 2013 | 14:56

Muscling up credit for the under fire property sector remains a curly question.

Domestic gold soars past global prices

February 27, 2013 | 10:44

The gap between global and domestic gold prices reached a record VND5.5 million ($264) per tael last week, prompting measures to resolve the situation in order to protect the macro-economy.

The gold market in black and white

February 04, 2013 | 15:35

Senior economist Nguyen Minh Phong examines the bullion market after recent gold bar transaction moves and suggests ways to ensure a stable market.

A golden bullion trend

January 30, 2013 | 14:26

The bullion market has been fairly stable two weeks after gold bar transactions were restricted only to licenced businesses under Decree 24/2012/ND-CP. State Bank Ho Chi Minh City branch office deputy director Nguyen Hoang Minh shines further light on the issue.