State Bank

Update news State Bank

State Bank tightens grip on gold market

 VietNamNet Bridge – The State Bank of Viet Nam has closely monitored gold bar transactions, especially those with great value, to better manage the market and watch for money laundering.

Vietcombank CEO appointed as State Bank Deputy Governor

 VietNamNet Bridge - The decision to appoint Mr. Nguyen Phuoc Thanh as the deputy governor of the State Bank of Vietnam was announced by the Government yesterday, July 22.

State Bank urges disbursement of VND3tri. bailout

As the disbursement of the VND30 trillion bail-out is delayed, the State Bank of Vietnam (SBV) has asked five banks to quickly receive client applications and quickly respond them.

Central bank to slash USD interest rate, raise confidence on VND

The State Bank of Vietnam said it will slash the deposit dollar interest rates. However, it would keep cautious steps when deciding when and how much to slash the interest rates in order to ensure the liquidity for the banking system.

VN's gold policy aims at market or price stabilization?

VietNamNet Bridge - The central bank’s inconsistent statements about the goals of the gold market management policy have made people feel dizzy.


 Planned oil refinery capacity increased; Central bank eyes gold sale to stabilise market; Fruit and vegetable exports drive healthy sector growth; Central region tops FDI attraction list

State Bank faces interest rate dilemma

VietNamNet Bridge – The State Bank of Viet Nam plans to maintain the current deposit interest-rate cap to ensure stability on the market. However, many domestic enterprises want the central bank to set a cap on the lending interest rate


Japan to fortify supporting industries; Rental housing sector to fire up; Ha Noi to open 1,400 hotel rooms; Garment exports grow 32%; Small wood processors face shortage of capital


SBV says home loan term reasonable; Ministry urges cuts to real estate projects; HCM City to replicate price control initiative; HCM City to host int’l conference on aviation logistics

Lower rates fail to impress

VietNamNet Bridge – The central bank's move last week to cut the dong interest rate cap from 1-month to 12-month terms by 0.5 per cent to 7.5 per cent per annum has caused economists to wonder

Government bond yields keep falling

 VietNamNet Bridge – Government bond yields have kept falling on the primary and secondary market over the past week as banks with a cash surplus have sharply increased bond buying.

In Vietnam, card holders bear 17 kinds of fees

Vietnamese keep indifferent to the banks’ plan to modernize the payment methods, a step towards the non-cash economy, because the 17 existing kinds of fees have been burdening them.

Bank data released for turbulent 2012

Figures released by the State Bank have shown that at the end of 2012, the total assets of the entire domestic banking system recorded a growth of 2.54 per cent compared with 2011,

State Bank to issue fines if ATMs fail to deliver

Commercial banks that fail to ensure smooth and stable operation of their automatic teller machine (ATM) systems during the coming lunar new year holiday will be fined,

Market forecast to rebound in 2013

 VietNamNet Bridge – If the Government effectively implements its business rescue plan this year, the securities market will prosper, say market insiders.