State Bank of Vietnam

Update news State Bank of Vietnam

Fintech firms concerned about foreign ownership cap

A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.

VN financial sector embraces digital era: conference

 Many banks and finance companies have proactively adopted technologies to provide digital financial services, Nguyen Hoang Minh, a senior central bank official said.


Cash habit, poor infrastructure prevent to non-cash economy in Vietnam

While non-cash payments are admittedly on the rise, the cash payment habit and limited development of technology infrastructure are big problems for the country’s non-cash economy, experts have said.

VN Central Bank tightens regulations with bad loans on the rise

The State Bank of Vietnam (SBV) has taken steps to tighten regulations over banks’ use of short-term deposits, reducing its ratio used to finance medium and long term loans from 60 per cent now to 40 per cent by September next year.


Bad debt on the rise among boat owners

The number of non-performing loans had been on the rise among recipients under a Government directive (Decision 67/2014/ND-CP) to support Vietnamese fishermen to build or upgrade their fishing vessels.


VN central bank proposes account freezes to tackle fraud

The State Bank of Viet Nam (SBV) has proposed freezing the accounts of those suspected of committing the fraud.


VN banks lower savings rates but base rate could still be high

Several local banks have reduced their interest rates in recent days, going against the banking sector’s general year-end trend of increasing rates to boost earnings.


Vietnam Central Bank calls for counterfeit cash vigilance

With the Lunar New Year Festival (Tet) drawing near and demand of cash increasing, Vietnam's central bank has sounded the alarm over counterfeit money.

Vietnamese Gov’t takes tighter control over large-size real estate projects

The Government will continue to tighten credit in the real estate industry.


Vietnam implementing de-dollarization policy

Since October, Vietnamese and foreign commercial banks are no longer allowed to provide mid- and long-term foreign currency loans. 

Vietnam's banks get more support to cut interest rates

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Viet Nam (SBV)’s...

Vietnamese central bank’s anti-dollarization on right track

Experts attributed the success in the fight against the dollarization in the economy to the central bank’s effective policies, including the zero percent dollar deposit interest rate and the foreign exchange stability.


Overseas remittances to HCM City on the rise

Overseas remittances to HCM City were estimated to reach $3.45 billion in the first eight months of this year, according to the State Bank of Vietnam’s HCM City branch.


VN central bank warns credit institutions over rate hikes

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.


VN banks warned about risks of real estate corporate bonds

The State Bank of Viet Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms.


Vietnam is Asia’s bright spot amid trade tensions: UOB report

Vietnam is Asia’s bright spot amid trade tensions, said the latest report on Viet Nam’s economy by the United Overseas Bank Limited (UOB), which forecast the country’s economy will expand 6.7 per cent in 2019.


Top lenders latch onto fintech future

Banks and investment funds are racing to partner up with fintech businesses in their quest towards digitalisation.

Mobile payments reshaping VN banking

Vietnam is experiencing a boom in mobile payments as more and more e-wallet providers have aggressively joined the market.

Vietnam banks step up bad debt recovery in 2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.


Lists of compulsory non-cash transactions announced

Authorities have announced a list of transactions that will have to be made via banks in some areas in a move to boost non-cash payments.