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Vietnam battles public debt and budget deficit
Crucial financial figures including high public debt and state budget overspending from 2011-2015 overshadowed Vietnam’s economy during the period, but the highlight was reaching 6.68 percent GDP growth in 2015.
Credit growth to reach five-year high in 2016: survey
Vietnam's annual credit growth is expected to quicken to 20.09 percent this year, the fastest pace in five years, said the Monetary Forecast and Statistics Department under the State Bank of Vietnam (SBV).
SBV official: Vietnam not ready yet for free floating exchange rate
Vietnam's decision to change the mechanism for setting the dong’s daily reference rate is a step forward for the Southeast Asian country as it allows market forces to play a greater role in determining the exchange rate, said Bui Quoc Dung, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department in an interview with VnExpress.
April 8, 2016 | 01:00 am PT
Vietnam has the youngest ever state bank governor
Le Minh Hung, 46, is officially the youngest Governor of the State Bank of Vietnam (SBV) in history, after his appointment on April 9.
April 8, 2016 | 10:52 pm PT
Vietnam's flexible exchange rate regime needs "more transparency": World Bank
Vietnam’s shift to a more flexible exchange rate regime “is the best way at this point” as it would help improve the country’s “relatively low” foreign exchange reserves, said Sandeep Mahajan, lead economist of the World Bank office in Vietnam on Monday.
April 11, 2016 | 02:03 am PT
SBV targets to keep bad debt under 3 pct
The State Bank of Vietnam (SBV) has instructed credit institutions, including domestic and foreign commercial banks, to keep bad debt under 3 percent of outstanding loans.
April 15, 2016 | 12:31 am PT
Vietnam to accelerate restructuring of banking system: Deputy PM
The State Bank of Vietnam (SBV) plans to step up efforts to restructure the banking system and clear bad debts through mergers and acquisitions of commercial banks, said Deputy Prime Minister Vuong Dinh Hue on Friday during a meeting with a central bank official.
April 22, 2016 | 06:44 pm PT
Vietnam to reform banking system amid challenges from TPP
Prime Minister Nguyen Xuan Phuc addressed the 17th Asian Banker Summit today, pledging to continue economic reforms across the country, including the banking sector, as Vietnam integrates into the global market.
May 10, 2016 | 11:53 pm PT
Disputed proposal seeks to strike gold on 'risky' trading floor
A national gold trading floor could help mobilize gold from members of the public to serve the country’s socio-economic development, said the Vietnam Gold Trading Association (VGTA). However, not everyone agrees with the proposal.
May 19, 2016 | 03:20 am PT
Central bank loosens dollar lending as the economy shows signs of slowing
Vietnam’s central bank has allowed lenders to resume offering dollar loans for short-term purposes to certain exporters in an attempt to boost the economy.
May 27, 2016 | 08:35 pm PT
Vietnam's central bank imposes more control on property loans
The Vietnamese central bank has adjusted restrictions on property loans to keep the real estate market from overheating.
May 27, 2016 | 08:40 pm PT
SBV asks banks to increase investments in government bonds
The State Bank of Vietnam has decided to set new rules for how banks use their funds, asking banks to increase their investments in government debt, according to a circular released last Friday.
May 31, 2016 | 01:54 am PT
State Bank of Vietnam buys up $7 billion to boost foreign exchange reserves
The State Bank of Vietnam (SBV) has purchased $7 billion since the start of the year, but doled out more than $3 billion in the last two months.
May 31, 2016 | 03:38 am PT
South Korea's Busan Bank open for business in Ho Chi Minh City
The State Bank of Vietnam issued a license for Busan Bank to start trading on May 27 at its new branch in Ho Chi Minh City's District 1.
June 1, 2016 | 12:16 am PT
S.Korea's Woori Bank to form Vietnam unit by July
South Korea's Woori Bank expects to establish a Vietnam unit this month or in July, a bank official said on Tuesday, as part of the lender's plans to expand its network in the expanding market of Southeast Asia.
June 21, 2016 | 06:50 pm PT
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