The "Vietnam: Strengthening banking sector soundness and development" project is expected to help the State Bank of Vietnam to better anticipate and increase resilience to shocks.
Private organisations will be encouraged to provide credit information in Vietnam to improve transparency in the credit information market, under a new draft decree.
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.
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.
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.
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.
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
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