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End of the line for loan hopefuls as banks exhaust credit quotas

End of the line for loan hopefuls as banks exhaust credit quotas

It has become a struggle to get loans from banks to buy houses or cars with lenders saying they have used up their credit growth quotas.
US gets its way as Vietnam agrees not to devalue currency

US gets its way as Vietnam agrees not to devalue currency

The U.S. Trade Representative's office has determined that no tariff action is warranted against Vietnam after its central bank agreed to refrain from "competitive devaluation" of the dong.
July 23, 2021 | 08:48 pm PT
Vietnam to trial virtual currency

Vietnam to trial virtual currency

The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency.
June 30, 2021 | 02:48 am PT
Vietnam strengthens local currency against the dollar

Vietnam strengthens local currency against the dollar

The State Bank of Vietnam (SBV) lowered its buying price for the U.S. dollar by 0.65 percent to VND22.975, the first such move in half a year.
June 8, 2021 | 01:37 am PT
Central bank advocates caution in lending against real estate

Central bank advocates caution in lending against real estate

The State Bank of Vietnam has instructed banks to be cautious about lending against securities and to the property sector in areas where speculation has driven up prices.
May 10, 2021 | 07:10 pm PT
Credit growth slows due to pandemic

Credit growth slows due to pandemic

Credit growth between January 1 and December 21 hit 10.14 percent, a slower rate compared to previous years due to the Covid-19 pandemic.
December 24, 2020 | 03:15 am PT
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.
November 8, 2020 | 02:02 am PT
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 3, 2020 | 06:50 am PT
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 | 01:44 am PT
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.
September 30, 2020 | 07:02 pm PT
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 | 05:00 am PT
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 2, 2020 | 07:43 pm PT
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 3, 2019 | 05:00 am PT
‘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 2, 2019 | 09:01 pm PT
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