SBV to increase gold bar supply to stabilise domestic market
April 15, 2024 | 08:00
The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.
Exchange rates hover near historical highs
April 09, 2024 | 09:37
Substantial foreign investor outflows from Vietnam’s equity markets might prompt the central bank to introduce measures to stabilise exchange rates, facing heightened volatility.
Forex market under significant pressure
April 03, 2024 | 15:08
The forex market is under significant pressure as the USD/VND exchange rate sits just 1 per cent below the all-time high.
PM urges further rate cuts, improved credit access to remove obstacles, promote growth
March 15, 2024 | 11:47
Prime Minister Phạm Minh Chính chairs the meeting to implement monetary policy management tasks in 2024, which focuses on removing difficulties for production and business to promote growth and ensure macroeconomic stability.
SBV asked to keep interests low and financial access easier
March 07, 2024 | 16:32
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.
USD rate pressures domestic landscape
March 06, 2024 | 09:00
While exchange rates have undergone considerable volatility, witnessing a surge which positively influences import-export activities, the domestic scene faces renewed pressure, attributed to the VND-USD interest rate being at negative levels.
SBV injects large amount of money to support capital for banks
February 22, 2024 | 10:20
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.
Safeguards to be met with credit reform
January 30, 2024 | 15:29
Vietnam’s new banking reform regulations introduces stringent ownership limits for individual and organisational shareholders in credit institutions to mitigate risks associated with cross-ownership and enhance financial stability.
Gaps closed thanks to credit law reforms
January 23, 2024 | 10:55
Vietnam’s revised Law on Credit Institutions introduces broad reforms aimed at enhancing banking sector governance, transparency, and efficiency.
Banks get go-ahead for capital increases
January 18, 2024 | 14:00
Many banks in Vietnam have received approval for substantial capital hikes, signalling a strategic effort to fortify the financial sector and enhance several essential ratios.
Remittances play key developmental role
January 09, 2024 | 14:55
The country is estimated to have received a rise in remittances from overseas Vietnamese people in 2023, with Ho Chi Minh City taking the lead.
Central bank ponders fresh policy for gold
January 09, 2024 | 12:54
The State Bank of Vietnam is set to update regulations in response to market changes and global uncertainties affecting gold demand and prices.
Bank bad debts forecast to remain under great pressure in 2024
December 26, 2023 | 11:53
Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.
Credit rating overhaul vital for building trust
October 31, 2023 | 10:08
Pivotal changes are upcoming in Vietnam’s financial market, with mandated credit ratings for specific corporate bonds from 2024 to boost transparency and diversify investments.
SBV committed to efficiency through digitalisation
October 27, 2023 | 09:21
Industry 4.0 is having a profound impact, reshaping not just economies, but the very fabric of culture, politics, and society globally. A central figure in this transformation is data. Widely hailed as the new gold, its significance in the digital transition process is undeniable.
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