State Bank of Vietnam

Update news State Bank of Vietnam

A week after the State Bank of Vietnam issued Circular 14 on debt rescheduling to alleviate the difficulties faced by businesses due to the COVID-19...

Vietnam welcomes agreement on exchange rate policy with US: spokesperson

The Vietnamese Government welcomes the outcomes of the online talks on July 19 between Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong and US Secretary of the Treasury Janet L. Yellen 

Three credit institutions pledge to sponsor Vietnam Airlines to get loans worth $173.6 million

Three credit institutions have committed to sponsoring the national flag carrier Vietnam Airlines to get loans worth 4 trillion VND (173.67 million USD), an official from the State Bank of Vietnam (SBV) said on June 21.

President Ho Chi Minh's image on Vietnam’s banknotes

Ho Trong Minh, one of the artists who had the honor of drawing the pattern on Vietnamese banknotes, said that President Ho Chi Minh and Queen Elizabeth II are the only people who have have appeared on banknotes while they were still alive.

Central bank to keep proactive, flexible monetary policy

For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.

Officials highlight circular economy, macro-economic stability at Party Congress

Minister of Natural Resources and Environment Tran Hong Ha on January 27 emphasised the importance of a circular economy 

Central bank’s policies conductive to FDI, economic resilience: HSBC

The central bank of Vietnam has taken both monetary and fiscal policies all together to ensure macro and social stability.

VN central bank responds to US labelling Vietnam as currency manipulator

The State Bank of Vietnam (SBV) said on December 17 that its management of exchange rate in recent years, within the general framework of monetary policy,

Vietnam likely to have debt exchange

The State Bank of Vietnam has asked the Vietnam Asset Management Company (VAMC) to come up with a plan to establish a debt exchange and submit it to the competent agencies for approval.

Interest rate for home loans forecast to stay low in 2021

Since the outbreak of the COVID-19 pandemic in January, the State Bank of Viet Nam (SBV) has slashed rates three times.

Banks told to reach out to remote areas to compete with black credit

Since black credit is creeping into every corner of society, commercial banks also need to reach out to every village to combat it and scramble for clients.

Former SBV Governor given warning as disciplinary measure

The decision was made at the Politburo's conference on November 6 under the chair of Party General Secretary and President Nguyen Phu Trong.

SBV governor to lead Party Central Committee Office

The Politburo has picked Le Minh Hung, governor of the State Bank of Vietnam (SBV), head of the Party Central Committee Office, replacing Nguyen Van Nen.

VN central bank further cuts benchmark interest rate to aid economy

The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.

Central bank: Cryptocurrencies are not accepted in Vietnam

The State Bank of Vietnam (SBV) has not accepted cryptocurrencies as a currency and a legal means of payment, said Nghiem Thanh Son, Deputy Director of the SBV's Payment Department.

Vietnam’s forex reserve sets new record

Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.

COVID-19 hits remittances to Vietnam

Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around the world.

A strange move initiated by the central bank

The State Bank of Vietnam (SBV) has issued decisions No. 1349 and 1351 on cutting interest rates applicable to compulsory reserves deposited at the central bank by credit institutions, 

Central bank to adjust monetary policies to weather pandemic

The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.

Stronger money policies might be considered to aid economic growth: SBV

The State Bank of Vietnam could increase credit growth limits for credit institutions this year or even launch stronger monetary policies to aid the country’s post-pandemic growth, Governor Le Minh Hung has said.