Central bank forecast to expand credit growth to 16 per cent

Central bank forecast to expand credit growth to 16 per cent

The State Bank of Viet Nam (SBV) might have to extend credit growth for the whole year 2022 to 16 per cent and grant more credit quotas to commercial banks in the near future as the pressure to loosen the credit room is strong, analysts forecast.
Banks cautioned over bancassurance

Banks cautioned over bancassurance

The Vietnamese central bank has emphasised that lenders are not allowed to force customers to buy compulsory insurance products to receive bank loans, even as bancassurance services have become a strategic priority for many.
Vietnamese central bank invited to become BIS member

Vietnamese central bank invited to become BIS member

The State Bank of Viet Nam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.