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State Bank of Vietnam (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.
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.
Credit continues to decline in February 2024

Credit continues to decline in February 2024

A Viet Dragon Securities (VDSC) report released recently said, according to estimates by the State Bank of Vietnam (SBV), the credit of the banking system as of February 16 this year decreased by 1 per cent compared to the end...
Central bank injects large amount of money to support capital for banks

Central bank injects large amount of money to support capital for banks

The move was quite unexpected in the context that the peak payment period near the Lunar New Year has passed.
Central bank issues new policy on gold bar trading

Central bank issues new policy on gold bar trading

The State Bank of Vietnam amends and supplements regulations on the responsibilities of the Department for Management of State Foreign Exchange Reserves in gold bar trading.
Credit growth expected to improve in H2 2023

Credit growth expected to improve in H2 2023

The State Bank of Vietnam (SBV) and relevant ministries are currently implementing a series of solutions with an aim to increase the capital absorption of the economy under the context of low credit growth.
Central bank makes first rate cut since 2020 to support economic growth

Central bank makes first rate cut since 2020 to support economic growth

The State Bank of Vietnam (SBV) on Wednesday made its first policy interest rate cut since October 2020 to stabilise the monetary market and support economic growth
SBV tells commercial banks to support fuel traders

SBV tells commercial banks to support fuel traders

The State Bank of Vietnam (SBV) has issued a document instructing commercial banks to take all measures to support fuel traders.
Central bank acts to tighten dong liquidity

Central bank acts to tighten dong liquidity

The State Bank of Vietnam (SBV) has net withdrawn VND57.6 trillion through open market operation (OMO) and foreign currency selling channels to maintain the liquidity of the banking system at a sufficient level and indirect impacts on the interbank interest...
Govt directs to speed up interest rate support programme

Gov’t directs to speed up interest rate support programme

During a meeting on Wednesday, the State Bank of Vietnam (SBV) reported commercial banks lent nearly VND4.1 trillion to nearly 550 customers under the programme, of which VND1.1 trillion was interest rate aid.
Central bank might raise benchmark interest rate in Q4 2022

Central bank might raise benchmark interest rate in Q4 2022

The State Bank of Vietnam (SBV) will make every effort to not tighten the monetary policy immediately to support economic recovery and stabilise the market, VNDirect Co forecasts.
SBV to tighten lending with stricter standards

SBV to tighten lending with stricter standards

The State Bank of Vietnam (SBV) is mulling over stricter lending regulations, especially to finance purchases of properties and stocks, according to inside sources.
Govt approves extension on bad debt settlement scheme

Gov’t approves extension on bad debt settlement scheme

The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the bad debt settlement of credit institutions based on the pilot Resolution 42/2017/QH14.