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Prime Minister orders tighter control of gold market to curb price disparities

Prime Minister orders tighter control of gold market to curb price disparities

Prime Minister Pham Minh Chinh has directed the State Bank of Vietnam (SBV) to intensify oversight of the gold market, aiming to narrow the gap between domestic and global gold prices to a slim 1-2% margin.
Central bank takes looser monetary measures

Central bank takes looser monetary measures

Gold price remains stable

Gold price remains stable

Central bank chief defends delay in credit growth cap hike in 2022

Central bank chief defends delay in credit growth cap hike in 2022

In response to lawmakers’ criticism it delayed raising the bank credit growth cap last year, the State Bank of Vietnam said it needs to be cautious to ensure safety.
October 16, 2023 | 11:34 pm PT
State Bank of Vietnam issues $410M worth of treasury bills

State Bank of Vietnam issues $410M worth of treasury bills

The State Bank of Vietnam on October 3 offered 28-day treasury bills (T-bills) worth VND10 trillion ($409.9 million) through the interest rate auction mechanism.
October 4, 2023 | 05:30 pm PT
Lender SCB restructuring plan submitted to government

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).
September 18, 2023 | 06:11 pm PT
Interest rate cut contributes to supporting economic growth: economists

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
Inflation, bad debt keep interests rates high: SBV

Inflation, bad debt keep interests rates high: SBV

Inflationary pressure and banks’ concerns about rising bad debt have kept loan interest rates high, the State Bank of Vietnam (SBV) has said.
May 17, 2023 | 03:55 am PT
Vietnam lawmakers call for further rate cut to prop up growth

Vietnam lawmakers call for further rate cut to prop up growth

Vietnamese lawmakers on Tuesday urged the central bank to consider cutting policy rates further to support the economy and help the country meet its economic growth target for the year.
May 9, 2023 | 12:37 am PT
PM orders measures to facilitate finance, banking activities

PM orders measures to facilitate finance, banking activities

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam Saturday to review and step up the issuance of two important circulars related to the finance-banking sector.
April 23, 2023 | 01:19 am PT
Banks increase interest rates on deposits

Banks increase interest rates on deposits

Banks have hiked deposit interest rates by up to 1.9 percentage points to nearly pre-Covid levels.
October 5, 2022 | 09:08 pm PT
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.
August 2, 2022 | 04:46 pm PT
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
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