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State Bank of Vietnam
Customers rush to banks for biometric verification as Jan 1 deadline nears

Customers rush to banks for biometric verification as Jan 1 deadline nears

In the final weekend before the Jan. 1, 2025, deadline for biometric verification, many customers, especially seniors, rushed to banks instead of completing the process online.
Property tycoon Truong My Lan promises to pay back central bank’s loan to SCB

Property tycoon Truong My Lan promises to pay back central bank’s loan to SCB

Remittances to HCMC exceed $5.5B

Remittances to HCMC exceed $5.5B

Typhoon Yagi debt relief measures may impact bank profitability in Vietnam

Typhoon Yagi debt relief measures may impact bank profitability in Vietnam

Vietnamese banks' profitability is expected to be squeezed following their provision of debt relief to support borrowers affected by a recent deadly typhoon, according to the latest report by S&P Global Ratings.
September 28, 2024 | 09:26 pm PT
Central bank takes looser monetary measures

Central bank takes looser monetary measures

The State Bank of Vietnam (SBV) has relaxed monetary measures given the sharp declines in the foreign exchange rate in recent days.
August 29, 2024 | 03:00 am PT
Bank loan interest rates down nearly 1 point this year

Bank loan interest rates down nearly 1 point this year

Banks’ average lending interest rate was 8.3% as of the end of June, down 0.96 percentage points for the year, according to the State Bank of Vietnam.
August 6, 2024 | 06:17 pm PT
SBV blames high traffic for bank biometric teething troubles

SBV blames high traffic for bank biometric teething troubles

Abnormally high traffic is to blame for the banking app errors that many customers have complained about on the first day the biometric authentication became mandatory, the central bank said.
July 4, 2024 | 03:23 pm PT
Mandatory biometric registration for bank customers makes rocky start

Mandatory biometric registration for bank customers makes rocky start

Many bank customers have struggled to make transfers via smartphone apps after biometric data became mandatory to enhance cybersecurity.
July 2, 2024 | 06:47 pm PT
Central bank demands lending rate cuts, growth target to be met

Central bank demands lending rate cuts, growth target to be met

The State Bank of Vietnam (SBV) has demanded credit institutions to deliver a system-wide credit growth target of 5-6% by the end of the second quarter this year, and reduce lending rates by 1-2%.
May 31, 2024 | 06:36 pm PT
Banning gold purchases with cash impracticable, without precedent: experts

Banning gold purchases with cash impracticable, without precedent: experts

Prohibiting people from buying gold with cash is difficult to implement, and no other country has ever had such a policy, analysts said.
May 14, 2024 | 08:07 pm PT
Government requires specialized inspection over gold market

Government requires specialized inspection over gold market

The Government has requested an immediate inspection over gold bullion trading in an attempt to stabilize the domestic gold market that has witnessed a sudden price rise in recent days.
May 11, 2024 | 07:11 pm PT
Central bank cancels another gold auction

Central bank cancels another gold auction

The State Bank of Vietnam on Thursday canceled a gold bar auction for the second time this week due to low participation.
April 25, 2024 | 01:37 am PT
Banking credit edges up in Q1

Banking credit edges up in Q1

Banking credit grew by 1% to VND13.79 quadrillion (US$552.4 billion) in the first three months of 2024, according to the State Bank of Vietnam.
April 7, 2024 | 06:35 pm PT
PM asks central bank to keep interests low and financial access easier

PM asks central bank to keep interests low and financial access easier

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) to keep interest rates low and financial access easier for businesses, according to a new directive on Wednesday.
March 7, 2024 | 07:08 pm PT
Gold price remains stable

Gold price remains stable

The price of gold bars has been consistent at VND75 million ($3,076) per tael since last Thursday, following the central bank's declaration of market intervention and monopoly consideration.
January 6, 2024 | 08:24 pm PT
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