State Bank Of Vietnam (SBV)

Interest rate hike may not be suitable answer

July 15, 2024 | 15:00

Raising interest rates amid low credit growth will negatively impact the economy and are not the optimal solution for stabilising the current high exchange rate, economists have said.

Impacts of delayed interest rate ease

July 03, 2024 | 21:00

There is a potential delay in interest rate cuts until November due to strong economic indicators, while Asia’s bond markets, particularly in credit and environmental sectors, are poised for robust performance and growth this year.

Banks remain wary of low credit growth

June 24, 2024 | 19:00

Overall weak credit demand in the market, with consumption growth still sluggish, is causing banks that do not meet their credit growth targets to have quotas proactively transferred by the State Bank of Vietnam (SBV) to banks with better capabilities.

Policy on rescheduling debt repayment period extended

June 24, 2024 | 15:02

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.

Loan interest rates move slower than deposit rates

June 24, 2024 | 10:56

Amid concerns that the strong push for higher deposit rates by banks will lead to an increase in interest rates, Tran Ngoc Bau, CEO of WiGroup Data and Financial Technology JSC, spoke with VIR’s Nhue Man about expectations for the market.

Businesses wary of rising deposit rates

June 17, 2024 | 11:00

Although deposit interest rates are increasing, lending rates will remain at current levels as regulatory bodies and commercial banks strive to support businesses in accessing capital.

Regulations on bad debt trading, settlement revised

June 10, 2024 | 15:59

The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.

SBV predicts SJC-branded gold bullion price to keep declining

June 05, 2024 | 15:07

The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future, Dao Xuan Tuan, Director General of the State Bank of Vietnam (SBV)'s Foreign Exchange Management Department, has said.

Big4 banks, SJC sell gold bars directly to customers

June 03, 2024 | 15:19

The State Bank of Vietnam (SBV) announced on June 3 that the selling price of SJC-brand is 78.98 million VND (3,108 USD) per tael.

Measures taken to stabilise foreign exchange market: SBV Governor

May 30, 2024 | 10:18

Hanoi - Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong on May 29 said that the central bank is closely following market moves and implementing measures to stabilse exchange rates and foreign exchange market as the Government has directed.