The State Bank of Vietnam

Real estate bailout eyes credit recovery

March 01, 2023 | 16:00

The Vietnamese government and banks have developed a strategy to improve the credit status of Vietnamese real estate businesses by offering a $5 billion loan package.

How the SBV deals with climate risks

December 16, 2022 | 12:16

Around the world, central banks are increasingly worried about climate change. Rising temperatures, lengthy droughts, weather disasters and high sea levels have deep economic and financial consequences. Pierre Monnin, senior fellow and Patrick Lenain, senior associate of the Council on Economic Policies, share their view on what the State Bank of Vietnam can do to limit those risks.

Central bank to raise credit limit, banks slash interest rates

December 06, 2022 | 21:00

The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14 per cent limit on December 5.

Message from government about resolving corporate bond issue

November 14, 2022 | 16:14

The Government has issued Resolution 143/NQ-CP of its regular meeting in October.

Uncovering potential effects of USD’s trajectory on Vietnamese currency

October 26, 2022 | 08:00

A stronger US dollar is prompting a flight to safety, and investors might be looking for a safe harbour in US-denominated equities. Brook Taylor, CEO of VinaCapital Asset Management, discussed with VIR’s Luu Huong how the State Bank of Vietnam’s latest initiatives on the exchange rate could impact foreign funds into Vietnam.

Firm grasp of rules crucial in handling customer info

August 29, 2022 | 08:00

The State Bank of Vietnam has issued a formal request to credit institutions and foreign bank branches for cooperation and information sharing with tax administration organisations. Le Khanh Lam, tax partner at RSM, discussed with VIR’s Le Luu how banks and tax agencies can harmonise the fresh legislation, and how barriers can be overcome without compromising customers’ rights.

Central bank to regulate fintech banking

April 10, 2022 | 19:46

The State Bank of Vietnam (SBV) has been developing a sandbox for fintech banking and gathering feedback on a draft regulating the sector.

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.