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.

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.

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

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

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

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.

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

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.

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.

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.

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.

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

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.

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.

The State Bank of Vietnam (SBV) has relaxed monetary measures in the context of sharp declines in the foreign exchange rate in recent days.

The SBV this week also continued to reduce the bill interest rate from 4.2 per cent per year to 4.15 per cent per year.

Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy have produced positive effects in stabilising the exchange market, increasing foreign reserves, remittance flows and foreign investments.

Some 80-90 per cent of banks have partially or fully applied ESG (Environment - Social - Governance) practices in their operations, a State Bank of Vietnam (SBV)’s official said.