SBV

Update news SBV

Bank assets surge $1.2b in February

 VietNamNet Bridge – After a decline in the first month of the year, domestic banks are recovering and registered an increase in assets, according to the State Bank of Viet Nam (SBV).

Social housing loans step in right direction

 Viet Nam News reporters Bich Huong and Nguyen Ngoc get opinions on a draft circular of the State Bank of Viet Nam (SBV) about lending to low-income house renter

Banks stop offering gold loans

 VietNamNet Bridge – Credit institutions are no longer allowed to give loans to customers who want to purchase gold in any form, including primary gold, bullion and jewellery,

The gamble of making outward investment

While Vietnamese businesses have been flocking abroad to seek their investment opportunities, experts fear that the businesses are gambling with their investments.

SBV trades non-SJC gold, commercial banks make fat profit

The fact that the State Bank trades non-SJC bullion gold as per the newly issued Circular No. 06 has helped commercial banks make fat profits.

The bad debt panorama: hundreds of millions USD may be lost

International experts have warned that the bad debts, worth hundreds of trillions of dong would still be the big challenge for the Vietnam’s national economy for at least several years.

New credit limits ‘are likely'

VietNamNet Bridge – The State Bank of Viet Nam is likely to continue assigning different credit growth limits to local credit institutions this year, 

Banking official under fire for word gaff concerning ATM users

 VietNamNet Bridge – The State Bank of Vietnam (SBV) has asked Bui Quang Tien, head of the Payment Department, to explain his comments concerning ATM customers.

BUSINESS IN BRIEF 7/3

SBV: It’s not time to import gold; Vietnam’s 36 mil. motorbikes by 2020; VNA uses large aircraft for Myanmar; When Air Mekong resumes services unknown; Dong Nai leads in FDI attraction

Gold bidding mechanism not a miracle drug

Whether the domestic gold price decreases to come closer to the world price depends on the amount of gold the State Bank would put into circulation and the people’s confidence on the bank’s policies.

SBV to stabilise gold prices

VietNamNet Bridge – PM Nguyen Tan Dung on March 4, officially allowed the State Bank of Viet Nam to trade gold bars in efforts to stabilise the local gold market and to stock gold bullion for the State foreign exchange reserve.

Bad debt ratio will spike on new bad debt classification method

VietNamNet Bridge – The changes in the criteria and the method for bad debt classification will surely make the bad debt ratio increase sharply.

Vietnam's stock market loses nearly VND34 trillion due to rumor

The police have set up a committee to investigate the origin of the fabricated information, speculation about that the President of the Bank for Investment and Development of Vietnam was arrested.

Banking system expands 2.54% last year

VietNamNet Bridge – The total assets of the domestic banking system expanded 2.54% in 2012, equivalent to VND 126 trillion (US$6 billion), according to the State Bank of Viet Nam (SBV).

SBV Governor would be on a “hot seat” in 2013

Observes have commented that the unsettled big problems would put a heavy burden on the Governor of the State Bank--Nguyen Van Binh on the next year of his term.

Economists say stabilized exchange rate nooses exporters

VietNamNet Bridge – The stabilizing of the dong/dollar exchange rate over the last two years has made the local currency depreciate by 20 percent, which has hindered exports.

BUSINESS IN BRIEF 1/2

Central bank seen intervening in gold trading; Banks braced for Tet blitz on ATMs; Holiday sparks scramble for beer; Firms embark on search wars; Domestic banks see rising assets; Hanoi to probe diverted tax collections

SBV inconsistent in gold policy

 VietNamNet Bridge – The State Bank of Vietnam (SBV) sometimes said it would make local gold prices closer to the world’s prices, sometimes said it would not, and lately has announced it will join the gold market to bridge the price gap.

Foreign currencies flowing out from the public

VietNamNet Bridge – A big amount of foreign currencies has been sold by people recently since they, after weighing pros and cons, decided that it would be better to keep dong than dollars.

BUSINESS IN BRIEF 30/1

SBV says will resort to compulsory reserve ratio; Positive signals for farm produce exports; Cai Mep-Thi Vai international ports inaugurated; January's industrial production index falls; Japan leads Vietnam’s January FDI investors