State Bank of Vietnam

Reference exchange rate up at week’s beginning (July 26)

July 26, 2021 | 14:42

The State Bank of Vietnam set the daily reference exchange rate at 23,213 VND per USD on July 26, up 4 VND from the last working day of previous week (July 23).

Credit institutions asked to tighten loans in “overheating” sectors: SBV

May 13, 2021 | 20:57

The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.

The dollarisation and cash economy puzzle

May 07, 2021 | 09:00

The more than 5-year-old Decision No.2589/QD-NHNN from the State Bank of Vietnam (SBV) lowered annual interest rates to zero, applicable for deposits in USD of institutions and individuals.

Charting course of land price frenzy

April 20, 2021 | 13:00

The State Bank of Vietnam is closely monitoring the real estate market to avoid any breakdowns as a large-scale land fever has gripped the country in recent months. Dr. Phan Minh Ngoc, senior credit research analyst at Bondcritic Ltd. in Singapore, writes about the ramifications of the situation.

Mobile money services step into limelight for unbanked

March 17, 2021 | 10:00

Vietnamese telecom behemoths are gearing up to offer seamless mobile money services to tap into the lucrative contactless payment industry in Vietnam, with major focus on non-banked and underbanked mobile subscribers in remote areas.

Credit market share of private banks rise

February 27, 2021 | 16:08

Private banks have posted significant growth in credit market share in the past five years.

Staying on track for economic stability

February 12, 2021 | 14:00

Over the past five years, the banking sector implemented many solutions and made important contributions to national socioeconomic development, and last year the sector’s activities helped to remove difficulties for people and businesses affected by the g

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

January 24, 2021 | 10:04

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).

Banks to stop issuing magnetic strip cards in three months

January 02, 2021 | 20:38

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

Appointment decision presented to new governor of central bank 1

November 17, 2020 | 09:40

Prime Minister Nguyen Xuan Phuc on November 16 presented the State President’s decision to appoint Nguyen Thi Hong as the Governor of the State Bank of Vietnam (SBV).

Increasing economic capacity for healthier credit

November 06, 2020 | 08:55

Vietnam’s capital market stands at an oversupply even as deposit interest rates remains very low, with output interest rates decreasing sharply compared to previous years. Dr. Nguyen Dai Lai, former deputy director of the State Bank of Vietnam’s Banking Development Strategy Department, analyses the current capital market and predicts the development for the rest of the year.

Monetary policies narrow after rate dip

November 06, 2020 | 08:54

As interest rates have fallen dramatically during the first 10 months of the year, the State Bank of Vietnam’s leeway for monetary policy has been squeezed to a great extent, with likely solutions possible to foster growth of the public and private sectors while focusing on industries and services with highest development priority.