SBV

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VN not to devalue local currency for commercial advantage: analysticon
BUSINESS25/05/20190

VN not to devalue local currency for commercial advantage: analyst

International press late last week mentioned the possibility of the US adding Vietnam to the list of the countries it needs to monitor for currency manipulation.

 
Non-cash payment program launchedicon

Non-cash payment program launched

BUSINESS
20/05/2019

The program on using non-cash payment methods at all schools and hospitals in the locality initiated by HCMC authorities may fail as it has not been welcomed by the public.

Experts warn GDP may decline if banks tighten real estate crediticon

Experts warn GDP may decline if banks tighten real estate credit

BUSINESS
20/05/2019

The tightening of real estate credit may deal another blow to the real estate market, which is facing difficulties from all sides, experts say.

Foreign investors eye Vietnam’s weak banksicon

Foreign investors eye Vietnam’s weak banks

BUSINESS
14/05/2019

Many large multi-national groups have showed interest in the weak banks Vietnam wants to sell. However, they have not moved ahead to implement the plans.

Should the state spend money to raise capital in state-owned banks?icon

Should the state spend money to raise capital in state-owned banks?

BUSINESS
13/05/2019

Experts can see high risks in using money from the state budget to increase the charter capital of state-owned banks.

Vietnam’s banks strive to meet Basel II standardsicon

Vietnam’s banks strive to meet Basel II standards

BUSINESS
08/05/2019

Vietnam’s banks are having difficulties meeting Basel II standards, including the quality of database, the qualifications of staff, technology infrastructure, training, and budget for consultants.

Banks report high profits, but decide not to pay dividendsicon

Banks report high profits, but decide not to pay dividends

BUSINESS
02/05/2019

Banks, which all reported big profits for 2018, are using the money to improve their financial capability.

Vietnam’s economy 2019: ‘basket of paddy’ and ‘credit leverage’icon

Vietnam’s economy 2019: ‘basket of paddy’ and ‘credit leverage’

BUSINESS
01/05/2019

The Governor of the State Bank of Vietnam (SBV), Le Minh Hung, is standing firm on low credit growth. This is also an issue that S&P emphasized in in its latest report.

Billions of VND unspent because of slow disbursement for projectsicon

Billions of VND unspent because of slow disbursement for projects

BUSINESS
28/04/2019

The State Treasury has mobilized trillions of dong via bond issuance, but still cannot spend the money because of slow disbursement in state-funded projects.

SBV attempts to tighten control over consumer lendingicon

SBV attempts to tighten control over consumer lending

BUSINESS
25/04/2019

The central bank believes that the consumer finance market in Vietnam is still in an early development stage, and needs to be controlled strictly by risk management tools.

Banks ignite ‘zero-dong service’ competitionicon

Banks ignite ‘zero-dong service’ competition

BUSINESS
21/04/2019

After Techcombank announced its ‘zero-dong service’ policy, in which its clients pay no fee for some kinds of services, other banks have followed the move.

Banks now targeting SMEs for disbursementicon

Banks now targeting SMEs for disbursement

BUSINESS
20/04/2019

Instead of turning their back to small and medium-sized enterprises (SMEs) as they did in the past, commercial banks are approaching enterprises despite problems in accounting and collateral.

MPOS mobile card payment leads the growth of payment channels in VN in 2018icon

MPOS mobile card payment leads the growth of payment channels in VN in 2018

BUSINESS
17/04/2019

 2018 was the year witnessing the outstanding development of the new payment method via mPOS device. 

VN Central Bank asks for tightened control over real estate loansicon

VN Central Bank asks for tightened control over real estate loans

BUSINESS
17/04/2019

The State Bank of Viet Nam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever.

No capital shortages for prioritised sectors: VN Central Bankicon

No capital shortages for prioritised sectors: VN Central Bank

BUSINESS
17/04/2019

The banking sector pledged to meet the capital demand for production and business, especially in five prioritised sectors, Deputy Governor of the State Bank of Viet Nam Dao Minh Tu said at a conference in Ha Noi on Tuesday.

Vietnam expected to cut policy rate in second half of 2020: HSBCicon

Vietnam expected to cut policy rate in second half of 2020: HSBC

BUSINESS
16/04/2019

The need to ease policy rates in the near-term is unlikely, given the country’s still-robust growth and heightened foreign direct investment.

Banks cautious about profit targets for 2019icon

Banks cautious about profit targets for 2019

BUSINESS
16/04/2019

After reaping high profits and gaining growth of 30-40 percent in 2017-2018, Vietnam’s commercial banks have become cautious about their business plans for 2019.

Credit growth limited at 15% for Vietnam's best banks in 2019icon

Credit growth limited at 15% for Vietnam's best banks in 2019

BUSINESS
14/04/2019

The State Bank of Viet Nam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule.