News
SBV orders debt relief and lending support following Typhoon Yagi
The State Bank of Vietnam (SBV) has instructed credit institutions to consider offering interest rate reductions, debt restructuring, and new lending support for borrowers impacted by Typhoon Yagi.
-
Credit limit for large customers to be gradually reduced over next five years
Banks will have to gradually reduce the credit limit for large customers over the next five years to meet regulations under the new Law on Credit Institutions.
-
Banks still counting profit from securities trading
Despite market volatilities, many banks still count healthy profits from securities trading.
-
SBV adjusts credit growth targets and strengthens monetary policy management measures
Following the Resolutions of the National Assembly, the guidance of the Government and the Prime Minister, the State Bank of Vietnam (SBV) has managed the monetary policy in a proactive, flexible and effective manner, in collaboration with the fiscal policy and other macro-economic policies in order to control the inflation, contributing to maintaining the macro-economic stability, supporting the economic growth.
-
Lenders still most active in corporate bond issuance
Vietnam’s corporate bond market is experiencing a resurgence, but delayed payments and other factors continue to make dents in the sector.
-
New policy promotes green banking development in Vietnam
The State Bank of Vietnam (SBV) is pushing all credit institutions to go green in terms of banking and credit.
-
SBV warns about imposter scams with phishing links to update biometric information
Recently, the State Bank of Vietnam (SBV) has received reports about imposters pretending to be the SBV, faking the SBV's email interface to send information to lure people and customers to click on phishing links to update their biometric information used for banking transactions.
-
Vietnamese, Lao central banks discuss cooperation in using local currencies in bilateral trade
The State Bank of Vietnam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment cooperation activities to prevent external risks.
-
Banks to shift to retail lending to gain credit growth
Many banks, which used to focus on lending to individual (retail) customers, have had to shift to expanding corporate lending to achieve credit growth in the first half of 2024.
-
Banks race to issue bonds to raise capital
Many banks have issued large amounts of bonds to raise thousands of billions of Vietnamese đồng, pushing interest rates to around 8 per cent per year, much higher than that of normal savings.
-
Workshop on Local Currency Promotion between Lao PDR and Vietnam
On August 16, 2024, in Vientiane, the Lao PDR, the Workshop themed “Local Currency Promotion between Lao PDR and Vietnam” was held within the framework of the Program of professional, cultural and sports exchanges between the State Bank of Vietnam (SBV) and the Bank of the Lao PDR (BOL).
-
Managing monetary policy smoothly, consistently and effectively
On August 5, 2024, at the Government’s Office, Prime Minister Pham Minh Chinh chaired a meeting with the State Bank of Vietnam (SBV) and several relevant Ministries and agencies. The meeting aimed to evaluate monetary policy management since the beginning of the year, and determine key tasks and solutions for the remainder of the year in order to ensure flexible, proactive and effective implementation of monetary policy.
-
22 credit institutions successfully deploy VNeID for authentication
To date, twenty two credit institutions and 13 payment intermediaries have successfully deployed VNeID app for authentication of payment account opening, payment transactions and customer information verification.
