State Bank

Update news State Bank

Online exchange market for new notes gets busy before Tet

 Though the State Bank has not prepared new notes for local banks, the online exchange market for much-coveted new notes has become very busy in recent days.


SeABank allowed to apply Basel II before deadline

The Southeast Asia Commercial Joint Stock Bank (SeABank) was officially recognized by the State Bank of Vietnam (SBV) to comply with Circular 41/2016/TT-NHNN dated 30 December 2016 in accordance with Basel II international standards. 

Basel II deadline rapidly approaching, are banks on course to meet norms?

In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy.

GPBank to be nationalized, Ocean Bank may follow

 VietNamNet Bridge – The State Bank of Vietnam (SBV) plans to nationalize GPBank, and then possibly OceanBank if the bank is unable to handle its problems.


Nearly 7,000 businesses established in January; TISCO to get $63.2 million to expand production; State Bank calls for lending interest rates to be lowered; Vinamilk announces export plan; 41 Vietnamese firms join billion dollar club

State Bank sold $1.5 billion to stabilize dong value

 VietNamNet Bridge – The State Bank of Vietnam (SBV) has sold dollars to commercial banks in an effort to stabilize the dong/dollar exchange rate amid the year-end dollar demand increase.

Vietnamese banks to apply Basel II governance standards

Ten Vietnamese commercial banks, chosen by the State Bank of Vietnam, will be applying international bank management standards in accordance with Basel II governance standards.

New joint circular cleans up bancassurance sales rules

 VietNamNet Bridge – LNT & Partners’ Hoang Nguyen Ha Quyen and Logan Leung take a look at the State Bank of Vietnam and Ministry of Finance’s new regulations outlined in Joint Circular 86/2014/TTLT-BTC-NHNNVN

“Zombie banks” exist as State Bank prevents them from going bankrupt

 VietNamNet Bridge – Vietnam has not allowed banks to go bankrupt, leaving many virtually dead banks, or as some people call them, “zombies”.


VN exports face tough challenges; SBV approves new Construction Bank head; Pan Pacific stitches up tender for largest stake in Vinaseed; Footwear exports fetch more than $1.1b; Unsold sugar inventory reaches nearly 460,000 tonnes

Dong appreciates despite devaluation by State Bank

 VietNamNet Bridge – The dollar price has been falling for one week, despite the State Bank of Vietnam’s move to devaluate the dong by one percent one month ago.

State Bank to crack down on bitcoin exchange

 VietNamNet Bridge – The State Bank of Viet Nam will work with the public security forces to seize operators of the Viet Nam real-time bitcoin exchange (VBTC) that was launched last Wednesday.

New State Bank regulations get tough on “tycoons” exceeding their share limit

As the central bank has threatened to impose stiff fines or punishment on bank shareholders who have share proportions higher than the permitted levels, many bankers are believed to be selling parts of their shares to reduce ownership ratios.


 Sugar inventories up over 56,000 tonnes; Investors keen on Vinatex’s shares; State bank toughens stance on capital issues; Over 2.37 trillion VND for developing high-tech agriculture

State Bank ponders new charges

 VietNamNet Bridge – Cash deposits and withdrawals at credit institutions will be charged a fee if the central bank's new draft rule on cash transactions gets approved.

Circular ownership in banking system easing, state bank says

 VietNamNet Bridge – Cross-ownership, long considered a serious threat to the banking system, is on the wane, according to Dao Minh Tu, Deputy Governor of the State Bank of Vietnam. Some economists, however, disagree.

Small bills cause major inconvenience

VietNamNet Bridge – The State Bank has decided to stop printing more small bills, which play an important role in Buddhist worshipping practice but end up costing billions of dong to produce. 

Foreigners praise new bank cap rules

 VietNamNet Bridge – Industry experts welcomed the government’s Decree 01/2014/ND-CP which relaxes the bank ownership cap rules for foreign investors.

State Bank makes big efforts to stem dollar price fall

 VietNamNet Bridge – If the State Bank of Vietnam had not made the timely intervention, the dollar prices would have tumbled more dramatically in recent days.

VND30 trillion bailout won’t rescue real estate market?

The Ministry of Construction and the State Bank both have loosened the requirements on the borrowers of the VND30 trillion package in an effort to speed up the disbursement. However, the power is in the hands of commercial banks.