Central bank warns of NPLs from transport projects Business

Central bank warns of NPLs from transport projects

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
Reference exchange rate revised down 3 VND Business

Reference exchange rate revised down 3 VND

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,130 VND per USD on November 11, down 3 VND from the last working day of the previous week (November 8).
Finance-banking system ready for tech Business

Finance-banking system ready for tech

Digital transformation would push Vietnam’s finance-banking system in the years to come, helping it catch up with global standards, said Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh.
Forex rate forecast to remain stable till year-end Business

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.