For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.
Credit growth of the banking system in the first two months of this year reached only 0.06 percent, slowing significantly against the 1 percent rate in the same period last year, due to impacts of the COVID-19 epidemic.
The State Bank of Vietnam (SBV) was recently invited to become a member of the Bank for International Settlements (BIS).
Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.
Commercial banks now are pouring money into digitalization in order to satisfy clients’ requirements amid financial technology breakthroughs.