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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.

Singapore, Philippines c. banks move to tighten cyber security

Singapore's central bank has asked banks to maintain a high level of security for their critical IT systems following recent cyber attacks using the SWIFT financial messaging system.

Hong Kong launches fresh plan to fortify cyber security after SWIFT heist

Hong Kong's central bank has a launched a new program to strengthen lenders' ability to protect their critical technology systems after recent attacks by unidentified groups on a global messaging system used by the financial community.
May 19, 2016 | 11:22 am GMT+7

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 | 06:20 pm GMT+7

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 28, 2016 | 11:35 am GMT+7

Vietnamese central bank determined to keep bad debt ratio below 3 pct

The State Bank of Vietnam on Wednesday reaffirmed its commitment to keep the bad debt ratio at less than 3 percent of outstanding loans in 2016.
June 30, 2016 | 03:49 pm GMT+7

Vietnam banks see 2016 credit growth up 20 percent on year

Vietnamese banks are lending more: Is it good news to the economy?
July 07, 2016 | 11:44 am GMT+7

Vietnam's central bank grapples to fight inflation

The State Bank says will tread carefully on any changes to monetary policy.
July 27, 2016 | 11:48 am GMT+7

Jewelry company exec wants more gold on the market

Would a gold trading floor convince Vietnamese people to abandon their hoarding mentalities?
July 27, 2016 | 07:22 pm GMT+7

HSBC estimates Vietnam's foreign exchange reserves at $38 bln

The central bank may have escaped the impacts of Brexit without exhausting its foreign reserves.
July 31, 2016 | 11:26 am GMT+7

Indonesia uses new interest rate to boost economy

"With growth struggling and inflationary pressures low, a rate cut is likely sooner rather than later." 
August 20, 2016 | 12:06 pm GMT+7

Vietnam’s credit growth up 10.6 percent in first nine months

The credit growth target of 18-20 percent could be difficult to reach this year.
October 07, 2016 | 05:49 pm GMT+7

Vietnam's bad debts under control, central bank says

The State Bank of Vietnam aims to bring down toxic debts in local lenders to below 3 percent of total outstanding loans this year.
October 08, 2016 | 03:00 pm GMT+7

Vietnam's foreign reserves hit record high of $40 billion: central bank

With over $40 billion in foreign currency reserves, Vietnam can cover three months of imports.
October 20, 2016 | 03:08 pm GMT+7

Vietnamese govt advised to cut stakes in public sector banks

Endless credit poses the risk of funds being misused by the country's four major banks.
October 31, 2016 | 03:28 pm GMT+7
 
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