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The ‘big four’ banks thirsty for foreign capital

Initial encouraging results have occurred after efforts were made to reduce the need for capital from banks where the state holds the controlling stake.

Vietnam cautious about interest rate policy

Vietnam is following a skeptical interest rate policy, with few and minor adjustments.

Asian central banks slash interest rates, and Vietnam may follow

Analysts believe that the State Bank of Vietnam (SBV) should follow the move of other central banks to cut interest rates. This would help ease the burden on businesses.

Local banks need to build on 1H results

Local banks posted notable results in the first half but a good second half is not a given.

More steps to be taken to downsize foreign currency loans

Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.

Banks keen on green projects

Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.

Mobile payments reshaping VN banking

Vietnam is experiencing a boom in mobile payments as more and more e-wallet providers have aggressively joined the market.

Vietnam banks step up bad debt recovery in 2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.

 

VN banks make big profits but share prices fall

Despite good business results, 11 out of 17 listed commercial banks saw share prices decrease in the first half of the year.

Credit quotas at banks close to running out mid-year

The demand for capital in the national economy usually increases in the second half of year. However, banks have nearly used up the credit quotas granted to them.

Old-style growth model for VN banks is outdated

Credit was the major source of income of banks. In 2018, when credit grew by 14 percent compared with the years before, the profit of banks increased by 40 percent, according to the National Finance Supervision Council.

Vietnam central bank hints monetary easing

The State Bank of Vietnam (SBV), the country's central bank, has recently expanded the credit growth quotas for a number of commercial banks, making many believe that the Vietnam’s central bank has opted for monetary easing.

 

Vietnam bank rankings change as top banks get stronger

The gap among commercial banks is wideneing with top-tier banks leaving others far behind. However, they are not problem-free.

How will the US-China trade war affect Vietnam’s financial market?

Vietnam has devuded not to devalue the dong in order to gain advantages in export.

Credit institutions warned about P2P lending

The State Bank of Vietnam (SBV) has warned Vietnamese credit institutions and foreign banks in the country to be cautious before working with peer-to-peer (P2P) lending companies as there are many risks related to the service.

 

VN banks more vulnerable to shocks as leverage rises: Fitch Ratings

Vietnam’s banking system is becoming more susceptible to shocks as household leverage continues to increase, but near-term risk appears limited amid the benign operating environment and strong economic growth.

 

VN central bank to keep monetary policy on hold through 2019

The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25% and 4.25%, respectively, in addition to maintaining its 14% credit growth target for the remainder of 2019, experts forecast.

 

Will Vietnam loosen monetary policies?

Some central banks have loosened monetary policy to promote economic growth.

The Dong re-appreciation: A predicted scenario

In recent days, the U.S. dollar/dong exchange rate has continuously declined on both the official and the free markets after a strong rise in April and May.

 

Vietnam loosens bank savings rules for foreigners

The State Bank of Vietnam has issued a new circular relaxing regulations on bank deposit services for foreigners and nonresidential organizations in Vietnam, a move designed to attract idle funds from the expat community.