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Banks to get 0% interest loans during runs under proposed law changes

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.
Central bank makes surprise checks to ensure lenders comply with bond purchase regulations

Central bank makes surprise checks to ensure lenders comply with bond purchase regulations

The State Bank of Vietnam has conducted surprise checks on 11 banks and fined some or all of them for violations of corporate bond investment regulations.
March 12, 2023 | 07:32 pm PT
HCMC receives $6.6B in remittances last year

HCMC receives $6.6B in remittances last year

Remittances to Ho Chi Minh City (HCMC) reached more than $6.6 billion in 2022, down nearly 6.7% year-on-year due to the impact of the global economic slowdown.
January 24, 2023 | 05:55 am PT
Central bank to 'take measures' against lenders that raise interest rates

Central bank to 'take measures' against lenders that raise interest rates

The State Bank of Vietnam (SBV) is monitoring bank interest rates and will take measures to deal with lenders who keep hiking their rates.
December 23, 2022 | 01:16 am PT
HCMC receives $6.8B of remittances

HCMC receives $6.8B of remittances

The amount of remittances flowing to Ho Chi Minh City has continued to increase despite complicated geopolitical changes in the world, reaching about $6.8 billion so far.
December 18, 2022 | 06:44 am PT
SBV says banks with low interest rates to get higher credit growth caps

SBV says banks with low interest rates to get higher credit growth caps

Banks with good liquidity and low lending interest rates will be prioritized for the recent increase in credit caps, the State Bank of Vietnam has said.
December 8, 2022 | 08:15 pm PT
Vietnam's central bank puts SCB under special control

Vietnam's central bank puts SCB under special control

The State Bank of Vietnam has decided to put Saigon Joint Stock Commercial Bank (SCB) under special control to ensure normal operations and liquidity.
October 15, 2022 | 04:26 am PT
Man accused of making banking rumors, triggering mass SCB withdrawal

Man accused of making banking rumors, triggering mass SCB withdrawal

A man in Ha Nam Province would face consequences for posting inaccurate information about banking operations, causing people to withdraw their money en-masse, police said.
October 9, 2022 | 11:22 pm PT
Construction ministry wants low-interest loans for social housing

Construction ministry wants low-interest loans for social housing

The Ministry of Construction has sought a low-interest loan of VND4.3 trillion ($183.7 million) to undertake 11 social housing and apartment renovation projects.
August 20, 2022 | 02:00 am PT
$34.2-bln loan package for post-Covid recovery virtually undisbursed

$34.2-bln loan package for post-Covid recovery virtually undisbursed

Banks have only disbursed 1% of the VND800 trillion (US$34.2 billion) economic recovery package in the three months since it was announced.
August 18, 2022 | 10:50 pm PT
No home loans against legally incomplete projects: central bank

No home loans against legally incomplete projects: central bank

The State Bank of Vietnam is considering banning commercial banks from providing home loans for projects that are yet to meet legal requirements fully.
June 27, 2022 | 04:52 pm PT
Central bank limits foreign loans for trading stock, real estate

Central bank limits foreign loans for trading stock, real estate

The State Bank of Vietnam wants to limit short-term foreign loans for trading stock and real estate as it seeks to prevent speculative bubbles in the market.
May 19, 2022 | 03:45 am PT
Vietnam's exchange rate unchanged following Fed's interest rate hike

Vietnam's exchange rate unchanged following Fed's interest rate hike

Most currencies of developing countries have fallen against the U.S. dollar after the Federal Reserve raised interest rates last week, but not for the Vietnamese dong.
May 10, 2022 | 05:53 pm PT
Vietnam c.bank says 2022 monetary policy to support recovery, eyes bad debt

Vietnam c.bank says 2022 monetary policy to support recovery, eyes bad debt

Vietnam's monetary policies in 2022 will aim to keep inflation under control, while supporting the country's economic recovery, the central bank said on Tuesday.
December 27, 2021 | 10:56 pm PT
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