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Tag
State Bank of Vietnam
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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.
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.
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
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
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
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 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
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
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
Central bank gets go-ahead to sell four ailing lenders
The State Bank of Vietnam has got the green light from the government to sell off four ailing banks that are under “special control.”
May 3, 2023 | 08:53 pm PT
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.
April 19, 2023 | 07:10 pm PT
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
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
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
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
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