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central bank
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Thai central bank unexpectedly raises key rate, cuts growth outlook for this year
Thailand's central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising global uncertainties.
Lender SCB restructuring plan submitted to government
The State Bank of Vietnam (SBV) has presented a restructuring plan to the government in hopes of receiving approval to restructure Saigon Commercial Bank (SCB).
Interest rate cut contributes to supporting economic growth: economists
The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.
June 25, 2023 | 11:58 pm PT
Vietnam cuts interest rates again to spur growth
Vietnam’s central bank said on Friday it was cutting its key interest rates by 50 basis points, its fourth policy rates adjustment this year, to support slowing economic growth amid global uncertainties.
June 15, 2023 | 10:46 pm PT
Central bank says interest rates to remain high for now, seeks businesses’ ‘understanding’
State Bank of Vietnam governor Nguyen Thi Hong said bank lending rates would be reduced at the appropriate time but remain high for now to achieve macro targets.
May 11, 2023 | 07:38 pm PT
Central bank buys $4.9B to pump up foreign exchange reserves
The State Bank of Vietnam (SBV) has bought US$4.9 billion from commercial banks in the first four months to increase the national foreign exchange reserves.
May 5, 2023 | 02:30 am PT
Central bank gets go-ahead to sell four ailing lenders
The State Bank of Vietnam has got the green light from the government to sell off four ailing banks that are under “special control.”
May 3, 2023 | 08:53 pm PT
Vietnam central bank plans loan restructuring for struggling businesses
Vietnam's central bank will restructure loans for some businesses facing difficulties, including delaying loan repayments, the government said, as it seeks to shore up a slowing economy.
April 23, 2023 | 07:53 pm PT
Banks to get 0% interest loans during runs under proposed law changes
Banks facing a risk of insolvency due to a run could receive interest-free loans from the central bank and other agencies if proposed changes to the laws are approved.
April 19, 2023 | 07:10 pm PT
Central bank seeks to reduce banks’ loans to their shareholders
The State Bank of Vietnam is seeking to reduce the amount banks can lend to their shareholders as part of efforts to prevent manipulation and reduce cross-ownership.
March 14, 2023 | 09:03 pm PT
Vietnam central bank buys dollars to shore up reserves after selloff
Vietnam's central bank said on Tuesday it was making efforts to shore up foreign exchange reserves by buying up more U.S. dollars, after it was forced to sell a large amount of greenback earlier in the year to support its dong currency.
December 27, 2022 | 07:02 pm PT
Thai central bank to deliver third straight 25bps hike on Nov. 30
The Bank of Thailand will raise interest rates by a modest quarter-point on Wednesday for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found.
November 27, 2022 | 07:03 pm PT
Vietnam cenbank tells lenders to meet fuel importers' credit needs
Vietnam's central bank on Tuesday asked commercial banks to provide sufficient loans to fuel importers, as authorities try to avert a fuel supply crunch.
November 8, 2022 | 11:10 pm PT
SBV increases deposit interest rate ceiling
The State Bank of Vietnam would increase the ceiling of deposit interest rates, with terms from 1 month to below 6 months, by 1 percentage point to 6% a year, effective Tuesday.
October 24, 2022 | 06:03 am PT
Vietnam central bank asked to facilitate funds for fuel imports
Vietnam's government has asked its central bank to help local fuel traders have better access to foreign currencies to pay for fuel imports, the Ministry of Industry and Trade said late on Wednesday.
October 19, 2022 | 08:07 pm PT
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