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SBV

SBV tightens reins as new financial hub eyes clean money flow

SBV tightens reins as new financial hub eyes clean money flow

The State Bank of Việt Nam has proposed that all international electronic money transfers valued at US$1,000 or more within the country’s forthcoming international Financial Centre (IFC) must be reported to strengthen monitoring mechanisms and anti-money laundering (AML) efforts.
SBV pushes rate cuts to support economic growth

SBV pushes rate cuts to support economic growth

At a conference held on Monday in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.
SBV raises 2025 credit growth quota to support economic expansion

SBV raises 2025 credit growth quota to support economic expansion

The SBV also stated that it will strive to maintain stable deposit rates and reduce lending rates through cost-cutting, digitalisation, streamlined administrative procedures, and internal restructuring.
SBV authorised to grant zero-interest, collateral-free special loans

SBV authorised to grant zero-interest, collateral-free special loans

Special loans from the State budget should only be provided when credit institutions face liquidity difficulties or to facilitate compulsory recovery and transfers. These measures aim to ensure the safety of the banking system and protect depositors’ rights.
Experts call for tighter tax rules on gold trading

Experts call for tighter tax rules on gold trading

Recent inspections have revealed that individuals are trading gold at commercial banks, with some reporting annual turnovers in the trillions of VNĐ.
Reform in gold trading regulations is expected to happen this month

Reform in gold trading regulations is expected to happen this month

Việt Nam expects to make a significant shift in its gold trading policies as the Prime Minister has ordered that amendments to Decree 24/2012/NĐ-CP be completed by June. This move would pave the way for businesses to legally import gold, helping...
SBV asks licensed gold retailers to display signage amid market volatility

SBV asks licensed gold retailers to display signage amid market volatility

The move followed a warning issued the same day by SJC regarding counterfeit websites and Facebook pages which are impersonating its brand to deceive consumers.
SBV reports to National Assembly on record-high gold price disparity

SBV reports to National Assembly on record-high gold price disparity

The State Bank of Vietnam said it will monitor gold markets closely and coordinate with agencies to manage and stabilise the market within its authority.
Gold price hits new record

Gold price hits new record

At 10am on April 22, Saigon Jewelry Company (SJC) listed gold bar prices at VNĐ120.5-122.5 million per tael.
Gold prices break all records

Gold prices break all records

Similar to gold bars, the price of gold rings has continuously set new records.
Central bank issues new decisions on deposit interest rates

Central bank issues new decisions on deposit interest rates

According to the SBV, Decision No. 2410/QĐ-NHNN and Decision No. 2410/QĐ-NHNN aim to ensure consistency on a legal basis with other issued circulars on deposit interest rates.
SBV to propose establishment of gold exchange at appropriate time

SBV to propose establishment of gold exchange at appropriate time

Governor Hồng said the establishment of a gold exchange has positive aspects such as transparency and more favourable conditions for buying and selling needs of people and businesses, however, it requires investment in infrastructure.
State bank to strengthen anti-money laundering efforts with new department

State bank to strengthen anti-money laundering efforts with new department

The Government announced the organisational changes of the State Bank of Việt Nam on Wednesday.
Central bank works on protecting banking service users

Central bank works on protecting banking service users

At a workshop on solutions to protect bank customers held in Hà Nội, SBV Deputy Governor Phạm Tiến Dũng said the banking industry has made continuous efforts and closely coordinated with relevant ministries and branches in the digital transformation process,...
Settlement of weak banks remains tough

Settlement of weak banks remains tough

According to the SBV, current policies and financial resources to handle weak banks still have many inadequacies, obstacles and time-consuming procedures.