Central bank unveils monetary policy for second half of 2019 Business

Central bank unveils monetary policy for second half of 2019

The State Bank of Vietnam (SBV) will continue to follow a pro-active, flexible and cautious monetary policy as well as working in close conjunction with fiscal and other policies to control inflation, sustain the macro-economy and support economic growth in the second half of this year.
2018 monetary market: a year of success Business

2018 monetary market: a year of success

In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.
Central bank to up inspection: PM Business

Central bank to up inspection: PM

PM Nguyen Xuan Phuc has required the State Bank of Vietnam to enhance inspection and supervision to ensure the safety of the banking system and increase the confidence of people in the system in 2018.
High liquidity, but no drop in interest rates Business

High liquidity, but no drop in interest rates

Despite good liquidity in the banking system, the peculiarities in Vietnam’s monetary policy management has prevented the decline of interest rates on deposits, a central economic report said.
Business

In-depth monetary market management

The word "belief" has cropped up often during the recent months when one talks about the monetary market and the management policies by the State Bank of Vietnam (SBV). The central bank has adopted a series of measures, as well as made explicit moves to stabilise the market, but a number of people still worry if the policies have been able to lay the foundation for market stability in the future. The Vietnam News Agency spoke to the Deputy Governor of the SBV, Nguyen Thi Hong, about this issue.
Business

State Audit of Vietnam to focus on SOEs

The State Audit of Vietnam (SAV) is penning the 2014 audit plan, to be unveiled within the next few weeks. Deputy Auditor General Doan Xuan Tien sat down with Vietnam Investment Review to outline the office’s operational focus next year.
Business

Central bank initiative reduces lending rates

The lending interest rate is currently equal to the 2005-06 rate thanks to the flexible interest rate cap regulations the central bank has applied since 2011, according to a report the bank released this week.

By reducing deposit interest rates by 7 - 10 percent, the bank was able to get the lending rate down by 9 - 12 percent against mid-2011.

Business

Lawmakers express concern over economy

Law makers have expressed concerns about signs of stagnation in the national economy despite positive results from the handling of inflation and deficit reduction at the ongoing 12th session of the National Assembly's Standing Committee on October 16.