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Former central bank governor receives Politburo warning

Former central bank governor receives Politburo warning

The Communist Party Politburo has issued an official warning to Nguyen Van Binh for violations under his watch as Governor of the State Bank of Vietnam.
Disciplinary action sought against former central bank governor

Disciplinary action sought against former central bank governor

The Party Central Inspection Commission Tuesday recommended disciplinary action against former central bank governor Nguyen Van Binh for violations committed during his tenure.
November 03, 2020 | 09:50 pm GMT+7
Deposit rates fall to record low as credit growth crawls

Deposit rates fall to record low as credit growth crawls

Commercial banks have lowered their deposit interest rates to their lowest levels in years as the Covid-19 pandemic slows credit growth.
October 12, 2020 | 04:44 pm GMT+7
Central bank cuts rates yet again

Central bank cuts rates yet again

The State Bank of Vietnam has cut its policy rates for a fourth time this year as it seeks to pump-prime the economy amid the Covid-19 pandemic.
October 01, 2020 | 10:02 am GMT+7
Vietnam scraps plans to limit foreign ownership in e-payment firms

Vietnam scraps plans to limit foreign ownership in e-payment firms

Vietnam’s central bank has decided not to cap foreign ownership of e-payment companies at 49 percent after consulting with experts.
February 11, 2020 | 08:00 pm GMT+7
2019 credit growth lowest in 5 years

2019 credit growth lowest in 5 years

Vietnam’s banking sector recorded a credit growth of 13.5 percent year-on-year in 2019, the lowest since 2014.
January 03, 2020 | 10:43 am GMT+7
Central bank cuts compulsory reserve interest rates

Central bank cuts compulsory reserve interest rates

The State Bank of Vietnam (SBV) announced Monday it has lowered the interest rates on compulsory reserves at banks by 0.4 percentage points.
December 03, 2019 | 08:00 pm GMT+7
‘Big 4’ banks low on capital, could stop lending

‘Big 4’ banks low on capital, could stop lending

Vietnam’s four major state-owned banks might have to stop lending due to their low capital adequacy ratios, a central bank official has warned.
December 03, 2019 | 12:01 pm GMT+7
Central bank continues to tighten screws on property companies

Central bank continues to tighten screws on property companies

Vietnam’s central bank plans to gradually reduce the rate of short-term deposits used for medium- and long-term loans, which go mostly to property companies.
November 25, 2019 | 01:48 pm GMT+7
Central bank lowers ceiling on short-term interest rates

Central bank lowers ceiling on short-term interest rates

The State Bank of Vietnam (SBV) has lowered the interest rate cap on 6-month dong deposits from 5.5 percent to 5 percent, effective Tuesday.
November 19, 2019 | 06:00 pm GMT+7
Banks restrict lending as credit growth ceiling nears

Banks restrict lending as credit growth ceiling nears

Many commercial banks in Vietnam are tightening lending as they reach their designated credit growth, eliciting complaints from customers.
November 19, 2019 | 11:54 am GMT+7
Vietnam mulls 49 percent cap on foreign ownership at e-payment firms

Vietnam mulls 49 percent cap on foreign ownership at e-payment firms

Vietnam’s central bank wants to cap foreign ownership at 49 percent for e-payment companies to foster domestic fintech enterprises.
November 07, 2019 | 10:12 am GMT+7
Vietcombank first local lender to open Australia branch

Vietcombank first local lender to open Australia branch

Vietcombank, one of Vietnam’s leading banks, has received approval from the central bank to open a branch in Australia.
October 11, 2019 | 07:26 pm GMT+7
Vietnam central bank clamps down on foreign currency borrowing for imports

Vietnam central bank clamps down on foreign currency borrowing for imports

In a bid to limit dollarization, the State Bank of Vietnam has banned medium and long-term lending in foreign currency to pay for imports.
September 30, 2019 | 08:21 pm GMT+7
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