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Update news SBV

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.

SBV to inspect sale of life insurance products

Following the complaints of people about the sale of life insurance products, the State Bank of Vietnam (SBV) in Ho Chi Minh City announced to credit institutions and foreign banks will be inspected.

VN central bank issues policies to support businesses

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.

SBV buys nearly US$4.9 billion in Jan-Apr

The State Bank of Vietnam, or SBV, bought nearly US$4.9 billion in the first four months of this year, thus shoring up the country’s foreign exchange reserves, according to the Ministry of Planning and Investment.

Lenders to benefit in SBV debt reposition

The State Bank of Vietnam’s fresh set of policies are anticipated to ameliorate the financial strain faced by both creditors and debtors, as well as establish a robust legal framework for debt restructuring to be allocated over a two-year period.

VN central bank works on debt repayment term restructuring circular

The State Bank of VN has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in business activities.

Vietnam’s banking system shows signs of money surplus

Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.

VN central bank buys US$4 billion of currencies in Q1/2023

Amidst the global uncertainties, the Central Bank has been buying back foreign currencies to ensure an adequate trade balance and economic stability.

VN central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.

Some key interest rates fall further early next week

The State Bank of Vietnam, the central bank, announced five separate decisions on March 31 to further lower some key interest rates, with effect from April 3. This is the second round of rate cuts in March.

SBV cuts interest rates, goes against trend in rest of world

The State Bank of Vietnam (SBV) has taken a daring move by slashing interest rates amid an upward trend in the world. If inflation remains low, Vietnam’s interest rates will be lower than those in developed economies.

VN central bank must keep a close on financial market: WB

The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB).

Bank law to be amended to ensure banking system safety

The State Bank of Vietnam (SBV) is collecting comments on its draft revised Law on Credit Institutions to better ensure the safety of the banking system.

VN central bank inspects 11 banks' investments in corporate bonds

State Bank of Vietnam (SBV) has taken unannounced inspection tours to 11 commercial banks and imposed sanctions on banks violating regulations on investment in corporate bonds.

Central bank inspects banks for compliance with bond regulations

The State Bank of Viet Nam has carried out surprise checks of 11 commercial banks to find out if they are in compliance with regulations governing bond purchases by lenders.

VN’s foreign exchange reserves reach US$92.43 billion

The State Bank of Vietnam (SBV) last month bought about US$0.65 billion, bringing Viet Nam's foreign exchange reserves to $92.43 billion, according...

VN State Bank grants first credit growth quota for banks in 2023

The State Bank of Vietnam (SBV) has recently granted the first credit growth quotas in 2023 to a number of banks, with a majority of them receiving lower rates than last year.