The State Bank of Vietnam (SBV) is working closely with ministries and local authorities to implement comprehensive strategies to address significant price disparities and stabilise the gold market.
Despite the possibility of food and energy price increases, HSBC expects the State Bank to keep the policy interest rate stable at 4.50% throughout 2024.
Despite deposit interest rates at banks have reached historically low levels, it is premature to anticipate a significant influx of capital from banks into the securities market at this time.
Total outstanding value of corporate bonds by the end of April 2022 reached 320.4 trillion VND (13.8 billion USD), accounting for a small proportion of the country’s total outstanding credit of 2.86 percent, according to the State Bank of Vietnam.
The State Bank and the Ministry of Transport led ministries and ministry-level agencies in the cyber security readiness rankings in 2020, which were released by the Ministry of Information and Communication (MIC)’s Authority of Information Security on October 27 as part of the Vietnam Security Summit 2021.
Vietnam will pilot Mobile Money service across the country for two years before officially launching it, according to Deputy Governor of the State Bank Dao Minh Tu.
The Government has affirmed its resolve to pursue the goal of macro-economic stability and inflation control while focusing efforts on addressing existing shortcomings and limitations in a resolution adopted at its regular meeting for May.
The State Bank of Vietnam set the daily reference exchange rate at 23,030 VND per USD on May 6, unchanged from the last working day of previous week (May 3).
Deputy Prime Minister Vuong Dinh Hue, who is also Chairman of the National Steering Committee on the National One-Stop Shop (OSS) Mechanism, the ASEAN One-Stop Shop Mechanism and Trade Facilitation (Committee 189), chaired a conference in Hanoi on February 19 to review the implementation of the tasks by the committee in 2018 and discuss its operation orientations for 2019.
In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.
