Central bank requests control on foreign currency loans Business

Central bank requests control on foreign currency loans

Governor of the State Bank of Vietnam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
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.
Firms adapt to anti-dollar drive Business

Firms adapt to anti-dollar drive

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Vietnam (SBV)’s new regulation on tightening foreign currency credit.
Vietnamese overseas deposits skyrocket Business

Vietnamese overseas deposits skyrocket

Vietnamese deposits overseas, which were previously negligible, skyrocketed to hit 7.3 billion USD as of the third quarter of 2015, it was reported at a conference in Hanoi on April 12.
Central bank ups anti-dollar efforts Business

Central bank ups anti-dollar efforts

The State Bank of Vietnam (SBV) will tighten lending in foreign currencies in some cases from March 31 in an effort to step up its anti-dollarisation drive.