SBV

Update news SBV

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.

Vietnamese banks to seek capital in international markets

Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.

 

Foreign capital flow keeps heading for Vietnam

More and more capital has been flowing to Vietnam, having a direct impact on the dong/dollar exchange rate.

 

New milestone in Vietnam's bank restructuring roadmap

If Ocean Bank is sold to foreign investors, this will mark a new milestone in the restructuring process and pave the way for more foreign investors to come to Vietnam.

Vietnamese banks hurry to implement Basel II in 2019

A bunch of Vietnamese banks are in the race to meet the requirements on capital adequacy ratio (CAR) following Basel II standards right in 2019, one year earlier than the deadline for implementation on January 1, 2020.

 

Vietnam central bank unveils monetary policy for second half of 2019

The State Bank of Vietnam will continue to follow a pro-active, flexible and cautious monetary policy in the second half of this year.

 

Vietnam's banks spend billions of VND on digitalization race

Commercial banks now are pouring money into digitalization in order to satisfy clients’ requirements amid financial technology breakthroughs.

Vietnam to removes daily transaction limit for e-wallet users

Following the removal of the limit, Vietnam’s central bank said it would only maintain the monthly limit of VND100 million (US$4,284) for each individual.

 

Vietnam Bank Association calls for raising charter capital at four major State banks

The Vietnam Bank Association (VBA) has repeated its call for the Government to approve charter capital hikes at four major State-owned commercial banks, noting that the delay could adversely affect money supply for the economy.

 

Most Vietnamese adults to have bank accounts by 2030

The State Bank of Vietnam (SBV) must take action to ensure 90 percent of the Vietnamese population over the age of 15 have bank accounts by 2030.

 

Cross-ownership in Vietnam's banking system almost resolved

Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Vietnam (SBV) showed.

Vietnam central bank enhances measures against loan sharks

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.

 

Vietnam eyes Morgan Stanley Capital Int'l watchlist this year, but experts are uncertain

One year after failing to enter MSCI’s watchlist for a market status upgrade, it is still uncertain if Viet Nam will make it this year despite efforts made to improve market conditions.

 

E-wallets boom, struggle to survive amid competition

Nearly 30 e-wallets have been licensed, but only a few of them have real users.

VN State Bank not pursuing unhealthy competitive advantage in trade

The State Bank of Vietnam (SBV) said in a recent statement that it is not pursuing an unhealthy competitive advantage in international trade after the U.S. Treasury Department raised concerns over the Vietnam's currency practices this week.