The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens.
Allowing banks access to Vietnam’s population database has set the foundation for the banking sector to expand and provide digital services to more customers, as well as improve security, prevent fraud and identity theft, according to the State Bank of Vietnam's (SBV) Deputy Governor Pham Tien Dung.
The banking sector of the northern province of Bac Giang will roll out measures to speed up loan disbursement and improve credit growth for local socio-economic development, according to the provincial branch of the State Bank of Vietnam (SBV).
Outstanding loans to the real estate sector in the first half of 2023 surged by 17.4%, exceeding the 10.7% growth rate of the whole of 2022, according to data from the State Bank of Vietnam (SBV).
Experts predict that recent fluctuations in foreign exchange rates are short-term, and the Vietnamese currency, the dong, will trend to appreciate again in the medium to long term.
The State Bank of Vietnam (SBV) has forecast that loan interest rates will continue to fall in line with commitments by commercial banks to lower their rates.
The State Bank of Vietnam set the daily reference exchange rate at 23,942 VND/USD on August 28, up 44 VND from the last working day of previous week (August 25).
Cambodia’s newswire sbm.news reported on August 25 that the State Bank of Vietnam (SBV) has signed a Memorandum of Understanding (MoU) on cooperation in regional payment connectivity with the central banks of Indonesia, Malaysia, Philippines, Singapore and Thailand.
Amid considerable changes in the global investment trend in many important real estate segments, Vietnam has still been one of the destinations drawing great interest from investors thanks to the positive recovery capacity and the flexibility of the country’s economy, according to a recent report from Savills Vietnam.
Commercial banks in Vietnam have invested a total of 15 trillion VND (629.7 million USD) in digital transformation, heard an online seminar on ensuring security and safety for e-payments in the digital era held on August 21.
The State Bank of Vietnam set the daily reference exchange rate at 23,897 VND/USD on August 21, down 49 VND from the last working day of previous week (August 18).
In its recent report, the World Gold Council said demand for gold in Vietnam shrank 9% in the second quarter year on year due to the economic difficulties.
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