Credit institutions commit to doing their bit for the pandemic recovery

Credit institutions commit to doing their bit for the pandemic recovery

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

Central bank continues growth drive amid global uncertainties

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

Vietnam to allow banks to use foreign e-wallets for int’l payments

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

Credit growth up 6.09 percent: central bank

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

Reference exchange rate down 5 VND on August 19

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

Reference exchange rate revised down

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

Banks prepare to cushion slight rise in NPLs

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

Central bank bewildered by impossible credit goal triad 3

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

Central banks attempt to address sluggish growth

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

SBV to end cross-ownership in Vietnamese banks

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

Central bank injects nearly US$573 mln to support liquidity

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.