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Latest News about SBV

Weak growth outlook to spur further monetary easing in Vietnam: Fitch Solutionsicon
BUSINESS22/05/20200

Weak growth outlook to spur further monetary easing in Vietnam: Fitch Solutions

Given the weak economic outlook in Vietnam, Fitch Solutions expects further easing measures to be applied over the rest of 2020 as the country is still targeting real gross domestic product (GDP) growth above 5%.

 
Mobile money to boom in Vietnamicon

Mobile money to boom in Vietnam

BUSINESS
19/05/2020

The government of Vietnam is moving ahead with a plan to put mobile money into use to reduce social contact and cash circulation.

VN banks eye post-pandemic business opportunitiesicon

VN banks eye post-pandemic business opportunities

BUSINESS
19/05/2020

Banks are ready to seize business opportunities in the coming months as the COVID-19 pandemic has been basically controlled in Vietnam and domestic production and business are expected to accelerate soon.

VN credit institutions recover nearly $1.2b of bad debts in Q1 2020icon

VN credit institutions recover nearly $1.2b of bad debts in Q1 2020

BUSINESS
15/05/2020

Credit institutions in Viet Nam settled more than VND26.94 trillion (US$1.17 billion) of non-performing loans (NPLs) in the first quarter of this year.

Low business performance may prompt Vietnam c.bank to further cut policy ratesicon

Low business performance may prompt Vietnam c.bank to further cut policy rates

FEATURE
08/05/2020

The central bank of Vietnam had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March.

Where should investors put money in during the Covid-19 period?icon

Where should investors put money in during the Covid-19 period?

BUSINESS
29/04/2020

Experts say investors should target investment channels with high liquidity such as savings accounts, gold and dollars, and wait patiently for opportunities with stocks.

State-owned banks told to sacrifice profits to support businessesicon

State-owned banks told to sacrifice profits to support businesses

BUSINESS
26/04/2020

Deputy Governor of the State Bank Dao Minh Tu said at a conference between the Prime Minister and ministries’ leaders that state-owned banks will have to sacrifice 30-40 percent of profit to help businesses cope with Covid-19.

State Bank of HCM City sets up hotline to support businessesicon

State Bank of HCM City sets up hotline to support businesses

BUSINESS
20/04/2020

The State Bank of Viet Nam's branch in HCM City has set up a hotline (028) 38.211.230 to provide assistance to enterprises, especially for those badly affected by the COVID-19 pandemic.

Two foreign banks' representative offices have licences withdrawnicon

Two foreign banks' representative offices have licences withdrawn

BUSINESS
20/04/2020

The State Bank of Vietnam (SBV) has withdrawn the licences of the representative offices of Kookmin from South Korea and Commonwealth Bank of Australia.

Will foreign investors’ capital withdrawal put pressure on the exchange rate?icon

Will foreign investors’ capital withdrawal put pressure on the exchange rate?

BUSINESS
15/04/2020

Explaining the appreciation of the US dollar recently, Nguyen Duc Do from the Finance Academy said that in the current uncertainty, investors have sold their assets and sought shelter in the dollar. 

Businesses want more than just an interest rate cut, seek bailouticon

Businesses want more than just an interest rate cut, seek bailout

BUSINESS
01/04/2020

Not putting high hopes on the interest rate cuts made by the State Bank of Vietnam (SBV) recently, the market is still waiting for a bailout to cover all business fields.

What benefits can Vietnam’s economy expect from an interest rate cut?icon

What benefits can Vietnam’s economy expect from an interest rate cut?

BUSINESS
28/03/2020

The US FED has launched an unprecedented bailout to help the economy cope with Covid-19. Meanwhile, the State Bank of Vietnam (SBV) has cut the 1-6 month term deposit interest rate ceiling.

Foreign currency market eases following central bank’s interventionicon

Foreign currency market eases following central bank’s intervention

BUSINESS
26/03/2020

The US dollar on Wednesday depreciated against the Vietnamese dong after the State Bank of Viet Nam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.

Vietnamese currency more stable than other regional peersicon

Vietnamese currency more stable than other regional peers

BUSINESS
26/03/2020

Though the unofficial value of the VND has now fallen about 3 percent against the USD, the rate is still a smaller depreciation than that seen by most of Vietnam’s regional peers and is expected to stabilise around that level.

VP Bank shifts FE Credit to joint stock companyicon

VP Bank shifts FE Credit to joint stock company

BUSINESS
23/03/2020

The news that VP Bank has decided to shift its subsidiary FE Credit, specializing in consumer lending, to a joint stock company from a limited company has stirred up the public.

VN central bank delays foreign ownership cap in payment services industryicon

VN central bank delays foreign ownership cap in payment services industry

BUSINESS
23/03/2020

The State Bank of Vietnam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree No.101.

Central bank cuts interest rates to buffer COVID-19 impacticon

Central bank cuts interest rates to buffer COVID-19 impact

BUSINESS
17/03/2020

The State Bank of Vietnam (SBV) will cut its policy rates starting from March 17 in an attempt to support the economy which has been hurt by the COVID-19 outbreak.

Vietnam needs corporate credit rating to attract more investors in bondsicon

Vietnam needs corporate credit rating to attract more investors in bonds

BUSINESS
17/03/2020

The lack of independent credit rating firms is hindering the development of the corporate bond market.