HCM City asks to tighten credit in high-end property

HCM City asks to tighten credit in high-end property

The HCM City branch of the State Bank of Viet Nam has asked credit institutions to tighten the management on credit flow into the real estate sector and the transfer of money collected from real estate transactions abroad.
State Bank proposes expanding VAMC's operation

State Bank proposes expanding VAMC's operation

The State Bank of Viet Nam (SBV) proposes expanding the Viet Nam Asset Management Company's (VAMC) operations, saying the agency should purchase and sell bad debts and assets of all sectors in the economy.
Banks ask for higher credit quota to prepare for peak lending season

Banks ask for higher credit quota to prepare for peak lending season

Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Viet Nam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.
Central bank to adjust monetary policies to weather pandemic

Central bank to adjust monetary policies to weather pandemic

The State Bank of Viet Nam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
More loans to enjoy restructured repayment periods

More loans to enjoy restructured repayment periods

The State Bank of Vietnam is drafting amendments to a circular that restructures repayment periods, waives and reduces interest rates and fees and maintains debt classification to support people affected by the COVID-19 pandemic to ensure more receive the support.
Banks continue to depreciate the greenback

Banks continue to depreciate the greenback

After four sessions of appreciating the US dollar against the Vietnamese dong, the State Bank of Viet Nam (SBV) adjusted the greenback down on Wednesday, while commercial banks followed the trend.
Banks provide assistance to businesses affected by epidemic outbreak

Banks provide assistance to businesses affected by epidemic outbreak

In response to the State Bank of Viet Nam’s appeal, a number of credit institutions have announced plans to support businesses affected by the coronavirus epidemic.
Expand credit to prevent usury, central bank asks

Expand credit to prevent usury, central bank asks

The State Bank of Viet Nam has asked domestic credit institutions and foreign banks’ branches to expand credit for business, production and consumption as an effort to prevent usury.
SBV keeps preferential interest rate for social housing unchanged

SBV keeps preferential interest rate for social housing unchanged

The commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Viet Nam (SBV).
Central bank asked to support economic growth

Central bank asked to support economic growth

Prime Minister Nguyen Xuan Phuc on Thursday told the State Bank of Viet Nam (SBV) to take measures to ensure macro-economic stability, inflation control and growth in 2020.
State bank to lower foreign ownership in payment intermediaries

State bank to lower foreign ownership in payment intermediaries

The State Bank of Viet Nam (SBV) plans to lower the foreign ownership rate in the payment intermediary service sector to 49 per cent instead of leaving it unrestricted to avoid manipulation by foreign investors in the field.
SBV proposes account freezes to tackle fraud

SBV proposes account freezes to tackle fraud

The State Bank of Viet Nam (SBV) has proposed freezing the accounts of those suspected of committing the fraud.
New special control regulations for credit institutions to take effect next month

New special control regulations for credit institutions to take effect next month

The State Bank of Viet Nam (SBV)’s Governor or the directors of SBV’s municipal and provincial branches will be able to lace credit institutions under the SBV’s special control, starting from next month.
SBV tightens loans with savings books as collateral

SBV tightens loans with savings books as collateral

The State Bank of Viet Nam (SBV) has warned local commercial banks to improve control of loans that use savings books as collateral to ensure the safety of the banking system.
Banks warned about risks of real estate corporate bonds

Banks warned about risks of real estate corporate bonds

The State Bank of Viet Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms.
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