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Vietnam appoints first female central bank governor

Vietnam appoints first female central bank governor

Nguyen Thi Hong has become the first female Governor of the State Bank of Vietnam, appointed to the position by the National Assembly Thursday morning.
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 08, 2020 | 05:02 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
Central bank cuts rates for 3rd time

Central bank cuts rates for 3rd time

Vietnam has cut its policy rates for a third time this year to boost lending amid slower credit growth due to the Covid-19 pandemic.
August 07, 2020 | 10:53 am GMT+7
Glimpse of the future: Cash going out of fashion

Glimpse of the future: Cash going out of fashion

The number of mobile banking transactions tripled last year in Vietnam and their value increased by 210 percent.
May 27, 2020 | 11:39 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
Vietnam stuck on US currency manipulation watchlist

Vietnam stuck on US currency manipulation watchlist

The U.S. Department of Treasury has concluded no major American trading partner is a currency manipulator but placed 10 countries, including Vietnam, on its watchlist.
January 15, 2020 | 06:20 pm GMT+7
Vietnam tightens consumer loans

Vietnam tightens consumer loans

Vietnam has tightened rules on consumer loans, requiring a progressive decline in their ratio in the coming years.
November 25, 2019 | 04:51 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
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
Central bank clamps down on corporate bond growth

Central bank clamps down on corporate bond growth

Vietnam's central bank has directed commercial banks to stop purchasing corporate bonds towards minimizing risks and tightening control over real estate sector borrowings.
August 24, 2019 | 10:00 am GMT+7
Bank credit growth likely to fall below target: securities firms

Bank credit growth likely to fall below target: securities firms

Securities companies forecast banking credit growth this year to be 12-13 percent, lower than the central bank's 14 percent target.
August 15, 2019 | 11:01 am GMT+7
Vietnam posts H1 credit growth of 7.33 pct

Vietnam posts H1 credit growth of 7.33 pct

Credit grew 7.33 percent in the first half of 2019, slightly higher than 6.14 percent in the same period last year, according to the central bank.
July 06, 2019 | 07:36 am GMT+7
Vietnam seeks no unfair trade advantage: central bank

Vietnam seeks no unfair trade advantage: central bank

In respond to Vietnam's inclusion in a U.S. currency manipulation watchlist the SBV says the country seeks no unfair advantage over other countries.
May 30, 2019 | 09:19 pm GMT+7
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