Update news SBV

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.

PM asks SBV to lower loan interest rates

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make loans more accessible and focus on lending to key economic sectors.

SBV sets new credit growth limits for banks

Eight commercial banks have received new credit growth quotas for this year, with seven of them entitled to lend less than last year.

State Bank of VN works to increase attractiveness of holding domestic currency

The State Bank of Vietnam (SBV) has withdrawn a significant amount of money out of the banking system with an aim to increase the interest rate of the Vietnamese dong.

VN State Bank withdraws money from market ahead of Fed meet

Vietnam’s central bank net withdrew over VND30 trillion from the market last week as the banking system saw surplus liquidity due to slow credit growth.

SBV Governor concerned about real estate firms’ administrative capability

Speaking at a conference on real estate credit on February 8, State Bank of Vietnam (SBV) Governor Nguyen Thi Hong warned about lending to "back-door" enterprises.

Central bank not tighten real estate credit: Deputy Governor

The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8.

VN central bank seeks to contain inflation at 4.5 per cent

The central bank has said it will keep monetary policy flexible to ensure inflation does not exceed 4.5 per cent this year and monetary and foreign exchange markets remain steady.

VN central bank to raise solutions to tackle credit bottlenecks for real estate sector

The State Bank of Vietnam (SBV) would raise solutions to tackle credit congestion into the real estate sector to ensure the healthy and stable development for the market, SBV Deputy Governor Dao Minh Tu said.