Vietnamplus

The State Bank of Vietnam (SBV) has continued to be placed at top position for the second consecutive year in the rankings of cyber information security for State agencies by the Authority of Information Security under the Ministry of Information and Communications.

Despite impacts of the COVID-19 pandemic, credit growth continued to expand in the first nine months of this year thanks to comprehensive and effective solutions, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.

The State Bank of Vietnam (SBV) has issued a Decision 1349/QD-NHNN on interest rates applicable to reserve requirement deposits and excess reserves of credit institutions and foreign banks’ branches in the SBV.

The State Bank of Vietnam (SBV) will continue directing commercial banks to reduce interest rates for customers affected by the COVID-19 pandemic, said Deputy Governor Dao Minh Tu at the Government’s press conference on August 11. ​

The State Bank of Vietnam (SBV) has issued Circular No.10/2022-TT-NHNN on refinancing the Vietnam Bank for Social Policies (VPSB) so it can roll out a number of relief measures for pandemic-hit labourers and employers affected by the pandemic.

The State Bank of Vietnam (SBV) pledges to continue fostering exchange rate flexibility while maintaining macroeconomic and financial market stability, so as to ease concerns from the US Department of Treasury about the country’s currency practices.

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.

The Vietnam Association of Financial Investors (VAFI) has proposed gradually lowering the VND deposit interest rate to zero percent.

The need to increase awareness and understanding of customers' financial services is increasing globally, and Vietnam - an emerging economy, is no exception, according to a report.

The State Bank of Vietnam (SBV) has warned commercial banks about rising bad debts and loans from large corporate customers whose credit values top 500 billion VND (21.5 million USD) each.

The Interoperable QR Code for retail payment linkage between Vietnam and Thailand was launched on March 26, signifying the successful implementation of the cooperation in the area of financial innovation between the State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) which began in 2019.

The State Bank of Vietnam (SBV) targets a credit growth rate of 12 percent in 2021, equivalent to the growth of 12.13 percent last year, according to SBV Deputy Governor Dao Minh Tu.

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

The State Bank of Vietnam (SBV) has proposed expanding the Vietnam Asset Management Company's (VAMC) operations, saying the agency should purchase and sell bad debts and assets of all sectors in the economy.

The COVID-19 pandemic is the biggest ever challenge but the crisis has brought about huge opportunities from the positive perspective.

The Deputy Governor of the State Bank of Vietnam has asked units to regularly review and assess the implementation outcomes to determine the possibility of fulfilling assigned tasks in order to have suitable solutions, ensuring set goals.

There have been signs of reduction in the habit of using cash among people, but the switching to cashless paymentsremains slow, according to the State Bank of Vietnam (SBV).

Credit growth for the remainder of the year will be driven by imports and exports, according to a recent survey by the State Bank of Vietnam (SBV).

As of June 29, banks in HCM City had slashed interest rates, extended debt repayment deadlines, and maintained debt classifications for businesses hurt by the COVID-19 on the total loans worth more than 384.6 trillion VND (16.53 billion USD).