SBV

Update news SBV

The mechanism of granting credit room for each commercial bank is often called an administrative order by experts and it was proposed to remove this mechanism five to seven years ago after banks made new strides in the restructuring process.

FED raises interest rates, VN central bank gives message about exchange rate

The State Bank of Vietnam (SBV) has affirmed that it will apply a flexible monetary policy amid global uncertainties.

Central bank stands ready to pump more foreign currencies to market: official

The State Bank of Vietnam will increase its interference in the foreign currency market and stay ready to pump money to the market more frequently.

HCM City asks to tighten credit in high-end property

The HCM City branch of the State Bank of Viet Nam has asked credit institutions to tighten the management on credit flow into the real estate sector and the transfer of money collected from real estate transactions abroad.

VN central bank sells US dollar forward for first time since 2018

The State Bank of Vietnam (SBV) has recently sold US dollar forward for the first time since 2018 to support the liquidity of the foreign exchange market.

VN Central Bank to establish new State Foreign Exchange Reserve Management Department

The State Bank of Vietnam (SBV) intends to establish the State Foreign Exchange Reserve Management Department due to the rise in foreign currency reserves.

Currency approval boosts SBV policy

Reports from the US Treasury Department reaffirming that Vietnam is not manipulating its currency for trade advantage is expected to benefit the stock and banking system.

C.bank expands credit quota for banks to meet growing credit demands

Many banks have reached their respective credit limits in the first nine months of 2021.

 

Vietnam c.bank to review draft policies on national digital currency

The move is part of a national strategy to promote non-cash payment in Vietnam in the 2021-2025 period.

State Bank, Transport Ministry top 2020 cyber security readiness rankings

The State Bank and the Ministry of Transport led ministries and ministry-level agencies in the cyber security readiness rankings in 2020,

NA Deputy warns of property bubbles

State Bank of Vietnam Governor Nguyen Thi Hong has sent a document replying to Ha Sy Dong, a National Assembly Deputy from the central province of Quang Tri, who spoke about property bubbles at the first session of the 15th NA on July 25.

State Bank agrees to extend debt rescheduling for six months

The State Bank of Vietnam (SBV) has agreed to extend debt rescheduling for customers for a further six months.

Vietnam welcomes US move not to change bilateral trade policy

Vietnam welcomes the US’s latest decision not to take any trade action against the nation concerning the Vietnam Currency Section 301 investigation.

 

Banking agents: caution will not create breakthrough

State Bank of Vietnam is drafting a decree on non-cash payments which will replace Decree 110/2014. One of the expected policies of the decree is on payment agents, or banking agents.

Vietnam, U.S. reach agreement over U.S.’s designation of Vietnam as currency manipulator

The U.S. Department of the Treasury and the State Bank of Vietnam (SBV) have reached an agreement over the former’s designation of Vietnam as a currency manipulator. 

Delicate balance needed to address Vietnam’s property risks: HSBC

The State Bank of Vietnam (SBV) is facing a delicate balance of curtailing excessive lending to real estate developers while reducing imminent Covid-19 risks to the sector, according to HSBC.

Bank deposit interest rates up, as stock market, real estate investing risky

Depositing money at banks is currently the safest and most profitable investment channel, as Covid-19 developments remain complicated and the stock market is "hot" and, thus, risky.

 

Transactions made via digital channels to reach 70% by 2025

The Vietnamese government will support boosting the application of new payment methods to achieve the digital transformation goals of the banking industry.

Illegal cryptocurrency exchanges turn investors into debtors

All foreign exchange (forex) trading activities in Vietnam are illegal as the authorities have not issued license for any forex trading floor.

PM orders control over capital poured into property sector

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to closely control the capital injected into the real estate sector to prevent property speculation and ensure that property projects meet the demands of residents.