Vietnam looks to develop cashless payment Videos

Vietnam looks to develop cashless payment

The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
Anti-dollarisation efforts face challenges Business

Anti-dollarisation efforts face challenges

The State Bank of Vietnam’s anti-dollarisation efforts have managed to keep the dong-dollar exchange rate fairly steady for a long time, thus helping stabilise the monetary market.
"Special" law to boost bank restructuring Business

"Special" law to boost bank restructuring

The State Bank of Vietnam (SBV) will co-operate with relevant agencies to map out a "special" law to boost bank restructuring and settle bad debts in 2017, according to SBV Governor Le Minh Hung.
First Vietnamese bank opens branch in Europe Business

First Vietnamese bank opens branch in Europe

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) inaugurated its branch in the German city of Frankfurt on September 6, becoming the first Vietnamese bank to open a branch in Europe.
Business

State Bank moves to cool gold market

The ban on gold imports has been lifed after a 16-month restriction aimed at cooling down the currently over-heated market in the precious metal, State Bank of Vietnam Governor Nguyen Van Giau told reporters in Hanoi on Nov. 11