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Update news Le Minh Hung
Every Lunar New year, a man impersonates a traditionally dressed woman and immerses himself in a ritual dance to pray for blessings for everyone.
The State Bank of Vietnam aims to again curb the inflation below 4 percent and sustain the monetary market this year, SBV Governor Le Minh Hung told a teleconference of the banking sector in Hanoi on January 2.
The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.
The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.
Governor of the State Bank of Vietnam Le Minh Hung on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan sharks.
The Governor of the State Bank of Vietnam (SBV), Le Minh Hung, is standing firm on low credit growth. This is also an issue that S&P emphasized in in its latest report.
Many banks have had credit growth rates near the ceiling set by the State Bank (SBV), which has warned that it will not consider lifting the rate ceiling for any bank.
The Law on Amending and Supplementing a number of Articles of the Law on Credit Institutions was ratified by the National Assembly on November 20 and will take effect on January 15, 2018.
VietNamNet Bridge - State management agencies still have not agreed on a way to manage bitcoin and other kinds of digital currencies.
VietNamNet Bridge - Le Minh Hung, the youngest governor in the history of the banking sector, took office in April 2016.
VietNamNet Bridge - The Governor of the State Bank of Vietnam (SBV), Le Minh Hung, has been in office for only three months, but he has been active in regulating monetary policy.
The State Bank of Vietnam (SBV) will closely watch credit growth and direct the credit flow into production in the remaining months of this year.
VietNamNet Bridge - In the context of global oversupply and unstable oil prices, oil & gas exports must not be seen as the lifebuoy for the Vietnamese economy.
The State Bank of Vietnam's Governor Le Minh Hung talks about the opportunities and challenges that the banking system will face in the near future.
Approved by the National Assembly as the Governor of the State Bank of Vietnam with a majority of votes on Saturday, Le Minh Hung is the youngest-ever leader of the central bank of Vietnam.