Update news vietnam central bank
The central bank of Vietnam has taken both monetary and fiscal policies all together to ensure macro and social stability.
The State Bank of Vietnam (SBV) has deployed a financial package worth VND16 trillion to support enterprises impacted by the coronavirus pandemic,
Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.
The State Bank of Vietnam will continue to follow a pro-active, flexible and cautious monetary policy in the second half of this year.
Following the removal of the limit, Vietnam’s central bank said it would only maintain the monthly limit of VND100 million (US$4,284) for each individual.
Governor of the State Bank of Vietnam Le Minh Hung on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan sharks.
The State Bank of Vietnam (SBV) said in a recent statement that it is not pursuing an unhealthy competitive advantage in international trade after the U.S. Treasury Department raised concerns over the Vietnam's currency practices this week.