Wednesday, June 26, 2019 - 17:24:48

State Bank of Vietnam SBV

Central bank unveils monetary policy for second half of 2019

Business

Central bank unveils monetary policy for second half of 2019

The State Bank of Vietnam (SBV) will continue to follow a pro-active, flexible and cautious monetary policy as well as working in close conjunction with fiscal and other policies to control inflation, sustain the macro-economy and support economic growth in the second half of this year.

Lack of cooperation prevents spread of non-cash payments

Business

Lack of cooperation prevents spread of non-cash payments

A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30.

Forex rate under pressure of US-China trade tensions

Business

Forex rate under pressure of US-China trade tensions

The foreign exchange market in Vietnam has heated up recently when the daily reference exchange rate set by the State Bank of Vietnam (SBV) continuously climbed to new record levels and the VND/USD rates listed at commercial banks also surged.

Vietnam looks to develop cashless payment

Business

Vietnam looks to develop cashless payment

The State Bank of Vietnam (SBV) is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.