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state bank of vietnam

SBV asks banks to support storm-hit customers

SBV asks banks to support storm-hit customers

Under Document 951/NHNN-TD issued on Tuesday, SBV has asked commercial banks, branches of foreign banks and SBV’s regional offices in areas affected by storms to promptly restore operations and support affected customers.
SBV eyes new measures to curb systemic risks in financial sector

SBV eyes new measures to curb systemic risks in financial sector

In a draft Circular now under consultation, the central bank outlines measures to identify, assess and contain systemic risks in the monetary, banking and financial sectors.
Việt Nam commits to digital finance, global cooperation: Deputy PM

Việt Nam commits to digital finance, global cooperation: Deputy PM

Việt Nam wants to receive support from international financial organisations, including SWIFT, so that its international financial centre could be aligned with global financial system.
Việt Nam turns the tide with strong trade surplus

Việt Nam turns the tide with strong trade surplus

The country recorded a high surplus of the current account balance, which reached US$8.72 billion in the second quarter of 2025, an increase of 120 per cent compared to the first quarter of 2025.
SBV asks effort to meet cash demand ahead National Day gift delivery

SBV asks effort to meet cash demand ahead National Day gift delivery

The Vietnamese Government is giving one-time payment of VNĐ100,000 per person as a gift on the 80th anniversary of the August Revolution and National Day. With around 107 million people, the budget was estimated at nearly VNĐ11 trillion ($417.53 million).
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.
Bank savings among most attractive investment channels

Bank savings among most attractive investment channels

In August alone, the amount of new deposits was nearly VNĐ86.48 trillion, meaning that nearly VNĐ2.9 trillion was deposited at banks every day on average.
New decree on using telecommunications accounts for payment proposed

New decree on using telecommunications accounts for payment proposed

Currently the use of a telecommunications account to pay for small-value goods and services in the country, called Mobile-Money service, is being implemented in a pilot programme.
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.
New policy drafted to help non-bank credit institutions develop further

New policy drafted to help non-bank credit institutions develop further

Under the draft circular, the SBV proposes that credit institutions are reorganised in the form of converting non-bank credit institutions.
SBVs USD/VNĐ central exchange rate hits all time high

SBV’s USD/VNĐ central exchange rate hits all time high

The move came as the dollar index (DXY) hovered around a four-month high of more than 105, with the market welcoming Donald Trump''s victory in the US presidential election.
State bank urges credit growth, consumer lending

State bank urges credit growth, consumer lending

Banks and credit institutions should implement safe and effective credit growth solutions to enable spending and boost consumption.
New regulations on foreign indirect investment in Việt Nam drafted

New regulations on foreign indirect investment in Việt Nam drafted

The SBV new circular will regulate the opening and use of Vietnamese đồng-denominated accounts for foreign investors, in order to conduct foreign indirect investment activities in Việt Nam.