SBV

Update news SBV

SBV seeks to stabilize deposit interest rates, cut lending interest rates

Only two commercial banks have slashed lending interest rates, while the strategies of other banks remain unclear. Currently, the trend of rising interest rates remains dominant.

Credit growth target of 15% for 2024 within reach: SBV

The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).

Central bank increases credit growth limit for banks for second time this year

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.

Eximbank clarifies rumors on alleged State Bank credit inspection

Eximbank has officially denied receiving any inspection orders from the State Bank of Vietnam, refuting recent rumors that sparked widespread concern.

Central bank to strengthen anti-money laundering efforts with new department

The newly established Department of Anti-Money Laundering will operate under the State Bank of Vietnam (SBV) from January 5 next year.

State Bank confirms domestic gold prices 5-7% above global levels

The State Bank of Vietnam has reported to the National Assembly that domestic gold prices are currently 5-7% higher than global rates, following comprehensive measures to stabilize the market.

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.

Fed's interest rate cuts ease pressure on Vietnam’s exchange rates

Experts suggest that the Fed's rate cuts will allow the State Bank of Vietnam to maintain lower interest rates, reducing costs for businesses.

Public outcry over banks' forced insurance sales prompts state action

Ongoing complaints about mandatory insurance purchases tied to bank loans lead to increased regulatory scrutiny and potential penalties.

State bank to inspect banks, gold trading enterprises

The inspection is part of the efforts to narrow the gap between international and domestic gold prices.

Deputy Governor denies claims of $595.18 billion remaining in banks

The State Bank of Vietnam has confirmed that banks have fully lent out the VND 14.5 quadrillion (over $595 billion) mobilized, with new credit packages in development for key sectors such as agriculture and social housing.

OceanBank and CBBank to be mandatorily transferred by 2025

The mandatory transfer of two banks is set to take place in 2024 or 2025.

Central bank designs roadmap for credit-growth rate limit

The State Bank of Vietnam (SBV) is considering gradual removal of the current credit growth rate scheme as per a request by the National Assembly and government.

Typhoon Yagi affected borrowers to be postponed debt repayment for a year

The State Bank of Vietnam (SBV) is considering a plan to grant commercial banks the ability to extend debt repayment periods by up to one year for borrowers impacted by Typhoon Yagi.

National Assembly to consider $834.5mil additional investment in Vietcombank

The Government has requested the National Assembly to sanction a substantial investment of VND 20,695 billion (over $834 million) in state capital for Vietcombank.

State Treasury buys large amounts of US dollar from banks

With a sharp depreciation of the US dollar against the Vietnamese dong, the State Treasury has continuously bought large amounts of the greenback from commercial banks.

Banks required to list suspect accounts for better supervision

Commercial banks must provide information on accounts that show possible signs of fraud, swindling, or law violations at the State Bank of Vietnam (SBV) 's request every month.

Housing credit on the rise: SBV Branch in HCM City

Housing credit has been on the rise as the property market finds its footing and path to recovery, according to the State Bank of Vietnam (SBV).

Credit growth target is within reach to contribute to boosting economic growth

Expanding investments to drive economic growth is a priority in achieving the target of 15% set for this year, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

SBV gives the green light to increase credit

According to the State Bank of Vietnam (SBV), commercial banks and other credit institutes whose credit growth reached 80 per cent of the targets set by the central bank at the beginning of the year, will have their credit limit increased.