State Bank of Vietnam

Latest News about State Bank of Vietnam

Businesses wait for bank debts reschedulingicon
BUSINESS15/09/20210

Businesses wait for bank debts rescheduling

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...

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

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

FEATURE
09/05/2021

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 policyicon

Central bank to keep proactive, flexible monetary policy

BUSINESS
23/04/2021

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 Congressicon

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

POLITICS
28/01/2021

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: HSBCicon

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

FEATURE
26/12/2020

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 manipulatoricon

VN central bank responds to US labelling Vietnam as currency manipulator

BUSINESS
18/12/2020

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 exchangeicon

Vietnam likely to have debt exchange

BUSINESS
13/12/2020

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.

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

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

BUSINESS
16/11/2020

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 measureicon

Former SBV Governor given warning as disciplinary measure

POLITICS
08/11/2020

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 Officeicon

SBV governor to lead Party Central Committee Office

POLITICS
16/10/2020

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 economyicon

VN central bank further cuts benchmark interest rate to aid economy

BUSINESS
01/10/2020

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 Vietnamicon

Central bank: Cryptocurrencies are not accepted in Vietnam

BUSINESS
23/09/2020

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 recordicon

Vietnam’s forex reserve sets new record

BUSINESS
09/09/2020

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 Vietnamicon

COVID-19 hits remittances to Vietnam

BUSINESS
24/08/2020

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 bankicon

A strange move initiated by the central bank

BUSINESS
21/08/2020

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 pandemicicon

Central bank to adjust monetary policies to weather pandemic

BUSINESS
19/08/2020

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.

Zalo Bank not licensed by SBV and MoITicon

Zalo Bank not licensed by SBV and MoIT

BUSINESS
02/07/2020

The State Bank of Vietnam (SBV) and the Ministry of Industry and Trade have affirmed that they have not licensed Zalo Bank to provide online built-in financial services.

Bank lending expected to get out of coronavirus doldrums soonicon

Bank lending expected to get out of coronavirus doldrums soon

BUSINESS
22/06/2020

Experts have forecast bank credit growth in the second quarter to reach 3.5-4 percent, much higher than the rate in the first quarter.