US dollar price in both official and unofficial markets has cooled down after the State Bank of Vietnam (SBV) intervened to reduce the speculation of the greenback on the domestic market.

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.

The State Bank of Vietnam's (SBV) competent authorities can conduct unscheduled inspections of credit institutions to ensure their compliance with monetary and banking legal regulations from next month, according to a newly issued circular.

The State Bank of Vietnam (SBV) forecast that nearly VND2 quadrillion would be pumped into the national economy in 2024 to support economic recovery if the 15% credit growth target is met.

The State Bank of Vietnam (SBV) will not consider increasing policy interest rates and might extend debt rescheduling policies to support enterprises this year, said SBV Deputy Governor Dao Minh Tu said at a press conference on January 3.

The State does not encourage the trading of gold bars, protect their prices, nor accept too large differences between domestic and global gold prices, and between SJC and other types of gold bars.

With the pace of economic activities on the mend and inflation rates already easing below the target level, the State Bank of Vietnam (SBV) will maintain its refinancing rate at the current level of 4.5% to support economic recovery.

Over VND360,000 billion earlier withdrawn by the State Bank of Vietnam (SBV), the central bank, through its issues of Treasury bills has been injected into the banking system.

The Government will conduct an inspection of credit growth management by the central bank in response to low credit growth.

The State Audit of Vietnam (SAV) has recommended the State Bank of Vietnam (SBV) coordinate with agencies to urgently speed up the compulsory transfer of poor-performing banks OceanBank, GPBank, CBBank and DongA Bank.

Transactions with a value of VNĐ400 million or more must be reported to the State Bank of Vietnam (SBV) from December 1, 2023, according to a new policy.

The State Bank of Vietnam (SBV) has ceased bill issue after nearly two months of using the channel to withdraw cash out of the banking system.

Credit growth quotas remain essential for sustaining economic growth and supporting businesses and individuals, said Nguyen Thi Hong, governor of the State Bank of Vietnam (SBV).

Analysts say that the dong/dollar exchange rate is still ‘volatile’ despite the central bank’s recent strong intervention. However, the State Bank (SBV) has efficient tools to maintain the exchange rate and interest rate stability.

The Asian Development Bank and the State Bank of Vietnam held a kick-off ceremony marking the implementation of the Swiss-funded $5mil technical assistance, which aims to nurture financial technologies serving financial inclusion improvement in VN.

As of the end of September, the economy recorded over 12.7 quadrillion VND (517.5 billion USD) in credit, up 6.92% from the end of 2022.

The State Bank of Vietnam (SBV) is directing concerned parties to submit to the government a plan on compulsory transfer of two weak banks for approval.

The State Bank of Vietnam (SBV), while affirming that it is working hard to settle cross ownership among banks, has complained that this is a complex process because of the lack of a reasonable mechanism, information, and tools for control.

The leader of the State Bank of Vietnam (SBV) said that the non-performing loan ratio in the real estate sector is on the rise compared to the end of the previous year, with figures of 1.8 percent in July 2022 and 2.58 percent in July 2023.

The State Bank of Vietnam (SBV) has withdrawn nearly VND90 trillion from the banking system through six consecutive rounds of Treasury bill auctions.