Keyword: "SBV"

268 Result

Illustrative image. (Source: baochinhphu.vn)

PM urges stronger measures to manage interest rates

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.

Illustrative photo (Photo: VNA)

Remittances to HCM City expected to increase by 10% in 2024

Remittances sent by overseas Vietnamese to Ho Chi Minh City are expected to surge about 10% in 2024 from a record high of 9.46 billion USD in 2023, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam (SBV)’s Ho Chi Minh City Branch.

A farm is damaged by Typhoon Yagi. (Photo: VietnamPlus)

Credit institutions asked to join storm recovery efforts

The Governor of State Bank of Vietnam (SBV) on September 26 issued Directive No.04/CT-NHNN requesting its credit institutions, foreign bank branches, and banking associations to promptly implement solutions to support people and businesses affected by Typhoon Yagi.

A bank teller counts money at a transaction office in Hanoi. (Photo: vietnamfinance.vn)

Strong measures needed to avoid bad debt rise

The extension of a policy on allowing commercial banks to reschedule the debt repayment period and maintain the debt group is necessary, but strong solutions are needed to avoid bad debt increasing in the future, experts said.

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94%, higher than the 4.55% at the end of 2023. (Photo: cafef.vn)

Bad debts kept rising in five months

Bad debts in the banking system in the first five months of 2024 continued to increase by some 75.9 trillion VND (3 billion USD) against the end of 2023.

A social housing project in Hanoi's Me Linh district. (Photo: VNA)

Social housing buyers to enjoy credit rates 3-5 ppts points lower

The Ministry of Construction has agreed with the State Bank of Vietnam (SBV)’s proposal to offer preferential lending rates for homebuyers who borrow from the 120 trillion VND (4.72 billion USD) social housing credit package, at 3-5 percentage points lower than the average.