Credit institutions commit to doing their bit for the pandemic recovery
August 25, 2021 | 21:59
The State Bank of Vietnam will reinforce monitoring of commercial banks’ execution of their obligations in relief measures based on the outcomes of rates and charge cuts – but banks are trying to optimise their efficiency by tapping into non-interest income expansion.
Central bank continues growth drive amid global uncertainties
January 13, 2021 | 11:00
The State Bank of Vietnam is predicted to continue maintaining a loose monetary policy with low interest rates, even as the global economy is showing positive signs.
Vietnam to allow banks to use foreign e-wallets for int’l payments
November 02, 2020 | 09:09
The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.
Credit growth up 6.09 percent: central bank
October 03, 2020 | 10:19
The State Bank of Vietnam (SBV) said on October 2 that as of September 30, credit had expanded 6.09 percent as compared with the end of 2019.
Reference exchange rate down 5 VND on August 19
August 19, 2020 | 09:40
The State Bank of Vietnam set the daily reference exchange rate at 23,204 VND per USD on August 19, down 5 VND from the previous day.
Reference exchange rate revised down
July 14, 2020 | 09:26
The State Bank of Vietnam set the daily reference exchange rate at 23,216 VND per USD on July 14, down 4 VND from the previous day.
Banks prepare to cushion slight rise in NPLs
July 08, 2020 | 12:09
Concerns are mounting about the resilience of the Vietnamese banking system amidst the COVID-19 outbreak as escalating soured debt and lower after-tax profits have put lenders in riskier positions.
Central bank bewildered by impossible credit goal triad 3
May 21, 2020 | 14:00
The State Bank of Vietnam lowered its interest rates last week, joining the global easing bandwagon in a bid to cushion the economic fallout stemming from the pandemic.
Central banks attempt to address sluggish growth
October 10, 2019 | 11:00
The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.
SBV to end cross-ownership in Vietnamese banks
January 29, 2019 | 10:54
The State Bank of Vietnam (SBV) has set a target to stop cross-ownership among credit institutions (CIs) by the end of 2020.
Central bank injects nearly US$573 mln to support liquidity
February 10, 2018 | 23:25
The State Bank of Vietnam (SBV) made a net cash injection of VND13 trillion (US$572.9 million) into the economy in the past week to support the liquidity of commercial banks.
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