SBV

Update news SBV

Vietnam considers risk-free bonds

The Government has assigned the Ministry of Finance to study a proposal to allow the State Bank of Vietnam to guarantee payment of bank bonds, just like with bank deposits.

Vietnamese businesses await relief as SBV slashes interest rates

Vietnamese businesses anticipate some relief as the central bank slashes interest rates, with credit growth expected to accelerate in the second half of 2023.

Central bank allocates all credit growth quotas for banks

The State Bank of Vietnam (SBV), the country’s central bank, announced on Monday that all the remaining credit growth quotas had been allocated for commercial banks, thus sending the total for this year to 14%.

Big money moving in market

After the State Bank of Vietnam (SBV) brought down its policy interest rates for the third time in late May, liquidity in the stock market started to vastly improve.

Central bank asks credit institutions to reduce interest rates

The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

SBV prohibits loans for deposit, gold purchase, and refinancing

The State Bank of Vietnam (SBV) has issued a new circular banning commercial banks from providing loans for the purpose of depositing money at other banks, buying gold, or refinancing existing debts.

Interest rate cut contributes to supporting economic growth: economists

The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.

Interest rate cut expected to pump economy up

The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.

SBV’s policy rate likely to drop to 4%: HSBC

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

Credit growth sparks concerns

The State Audit Office of Vietnam has issued a warning that credit growth in high-risk areas exceeded overall growth in 2022, and the credit-to-GDP ratio now poses potential risks.

Gov’t asks central bank to reduce rates in June

The Government has asked the State Bank of Viet Nam to reduce regulatory interest rates and complete the allocation of credit limits this month with a focus on removing enterprises' difficulties in accessing credit.

SBV Governor: early intervention to prevent massive withdrawals

The draft law on credit institutions (amended) stipulates early intervention measures in some cases to help prevent banks from falling into insolvency and massive money withdrawals, which occurred with SCB Bank recently.

VN central bank reassures interest rates will slide further

Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha has said that interest rates will continue to decrease to help enterprises and the national economy recover.

Interest rates fall, cash expected to flow

The State Bank of Vietnam (SBV) has, for the third time this year, decided to ease some operating interest rates in an effort to force down commercial lending interest rates.

Liquidity needs to be ensured: Central bank

The Governor of the State Bank of Vietnam (SBV) sent important messages about monetary policies at a meeting with businesses held by SBV and HCM City People’s Committee late last week.

SBV to cut policy rates for 3rd time

The State Bank of Vietnam announced on Tuesday it will cut its policy rates again to prop up economic growth.

Central bank continues to reduce policy interest rates

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Bank lending interest rates will be cut at appropriate time: SBV chief

Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the south-eastern region to the State Bank of Vietnam (SBV).

A fiscal expansion

A solution to economic growth that the Government has doubled down on is to spur public investment, with major infrastructure projects given a focus. Such efforts have yet to pay off. What is the problem?

SBV to inspect share transfers among credit institutions

The State Bank of Vietnam (SBV), the central bank, will focus on inspecting share transfers among credit institutions this year to prevent cross ownership in the banking sector.