Forex lending to continue next year Business

Forex lending to continue next year

The State Bank of Vietnam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.
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.
Gov’t studies making use of idle dollars, gold Business

Gov’t studies making use of idle dollars, gold

How to mobilise idle foreign currency and gold from locals to invest in business and production has become a hot issue recently, with the Government once again asking the central bank to consider proposals.
Central bank looks to up foreign reserves Business

Central bank looks to up foreign reserves

The State Bank of Vietnam’s transaction centre this week raised the reference buying rate for the US dollar by 50 VND to 22,725 VND, revealing its intention to expand foreign reserves.
Vietnam stocks rise higher, driven by oil Business

Vietnam stocks rise higher, driven by oil

Shares rose higher on November 22, driven by oil and gas producers and banking-financial companies, while listed firms with positive 10-month earnings also bolstered investor confidence.
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.
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.