News
Remittances to HCMC soar to $9.6B
Remittances to HCMC last year were worth a record US$9.6 billion after rising by $140 million from 2023.
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Innovative banking drives CASA recovery to 20 per cent threshold
In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.
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Bank transfers lead to rebranding phase
Vietnam’s banking landscape is being reshaped by mandatory transfers, marking a pivotal step in stabilising weak banks and strengthening the sector.
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Five banks qualify for year-end credit room expansion
Five banks, including Vietinbank, ACB, VIB, Techcombank and MSB, have qualified for the credit room expansion in the last time of this year
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SBV confident that credit growth can achieve 15% target
This was the assessment of First Deputy Governor Dao Minh Tu of the State Bank of Vietnam (SBV) when answering the correspondents’ questions at the regular monthly Government’s press conference for November 2024.
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Conducting solutions to support enterprises to overcome difficulties and promote production and business activities
Implementing the directions of the Prime Minister and Official Note No.103/CD-TTg dated October 7, 2024, SBV has issued Document No. 9364/NHNN-TD dated November 14, 2024 requesting the credit institutions and the foreign bank branches (herein after referred to collectively as the CIs) to focus on implementing the solutions to support enterprises to overcome difficulties and promote their production and business activities in 2024 and the following years
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Monetary policy forecast unlikely to loosen further
It will be difficult for the State Bank of Việt Nam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
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ESG implementation in banking: from awareness to action
Deputy Governor of the State Bank of Vietnam Dao Minh Tu emphasised that increasing ESG implementations requires financial institutions to consistently comply with evolving regulations, demonstrating environmental and social responsibility while enhancing their credibility and transparency.
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US affirms Việt Nam not manipulating currency
In its latest report the US Department of the Treasury said that Việt Nam does not manipulate currency.
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New policy drafted to help non-bank credit institutions develop further
The State Bank of Vietnam (SBV) has finalised a draft circular to help non-bank credit institutions, including financial companies, further expand and develop.
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Central bank issues new decisions on deposit interest rates
The State Bank of Vietnam (SBV) has issued two new decisions on deposit interest rates, effectively from November 20 this year.
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SBV to propose establishment of gold exchange at appropriate time
The State Bank of Việt Nam (SBV) will work with ministries and branches to carefully research the establishment of a gold exchange before proposing it to the Government at an appropriate time, SBV’s Governor Nguyễn Thị Hồng said on Monday.
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New regulations on mergers, consolidation of credit institutions proposed
The State Bank of Việt Nam (SBV) has proposed new regulations on the mergers and consolidation of credit institutions, to ensure the safety and legitimate rights of customers and creditors.
