Update news SBV

SBV reports difficulties in preventing cross-ownership among banks

The excessive ownership ratio and cross ownership among banks, and between banks and businesses, have declined considerably but problems still exist, according to the State Bank of Vietnam (SBV).

Experts propose tax on gold trading

To address current market instabilities, experts suggest considering a tax on gold transactions as a regulatory measure.

Settlement of weak banks remains tough: SBV

The settlement of weak banks has faced difficulties as the work mainly depends on the voluntary participation of well-performed banks, the State Bank of Vietnam (SBV) has said.

Credit growth quota policy needs to ensure safety of banking system

The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.

Central bank demands lending rate cuts, growth target to be met

The central bank aims to cut lending rates by 1-2 per cent, with a focus on supporting economic recovery and growth drivers, emerging sectors, green transitions, circular economy and social housing.

Four State-run banks authorized to sell gold from June 3

The State Bank of Vietnam (SBV) has announced that it will sell gold bars directly to four state-run commercial banks that will then retail the metal to the public, starting from June 3.

Central bank withdrew VND93 trillion to stabilise the gold and forex markets

According to SBV’s data, as of May 24, it sold a total of 48,500 taels of SJC gold with the winning bid price of VNĐ81.3-89.4 million per tael. It meant the estimated amount of money the SBV earned from the gold sales was about VNĐ4.2 trillion.

Central bank suspends gold bar auctions, announces market inspections

The State Bank of Vietnam (SBV) has halted its gold bullion auctions and will introduce a new strategy to stabilise gold prices as early as June 3.

Central bank works on legal framework for credit scoring

The State Bank of Vietnam (SBV) has proposed using credit scoring to better manage the banking sector and promote the development of finance and fintech companies.

VN needs more solutions to stabilise gold market: public security ministry

With domestic gold prices skyrocketing in recent weeks, the central bank resumed gold bar auctions in late April, after a pause of 13 years, in a bid to rebalance the market through increasing supply.

Central bank successfully auctions 3,400 taels of gold bars

The State Bank of Vietnam (SBV) announced the result of its gold auction on May 8, with three winning bidders securing 34 lots.

SBV ready to intervene to stabilise foreign exchange rate: Deputy Governor

The State Bank of Vietnam (SBV) will manage the exchange rate flexibly, adjusting in line with general trends while still ensuring macro-economic stability and foreign currency balance, said its Permanent Deputy Governor Dao Minh Tu.

SBV cancels gold auction for third time due to lack of bidders

The State Bank of Vietnam (SBV) has announced the cancellation of its gold auction for 16,800 taels of SJC gold this morning, May 3, as just one bidder registered to join the auction.

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam on April 23 took some moves in the inter-bank market in the face of surging USD/VND exchange rates.

VN central bank to sell 16,800 taels of gold bullion to stabilize local market

The State Bank of Vietnam (SBV) is scheduled to hold a gold bullion bidding session on April 23 in an effort to increase the supply of gold bullion and stabilize the domestic gold market that has made national headlines in recent times.

Majority of credit institutions forecast profit growth in 2024

A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).

SBV turns on mood for market intervention to stabilise exchange rates

The global political and economic situations have caused the currencies of many countries to depreciate significantly, including those of strong economies, by around 3-9 per cent.

Old loans must endure higher interest rates temporarily: central bank

Deputy Governor of the SBV Dao Minh Tu said that capital in the country's banking system remains abundant with full liquidity, even surplus with interest rates currently at a 20-year low, a great condition for businesses to borrow.

Bank credit increases again in March

After declining in the first two months of this year, credit of the banking industry in March increased by 0.26% compared to the end of 2023 to about 13.6 quadrillion VND, the State Bank of Vietnam (SBV) reported.

Banks disclose lending rates to the public for the first time

The State Bank of Vietnam has demanded banks submit links to the section announcing various interest rates before April 1st. If there are changes to the links, they must be updated within two working days.