News
State Bank of Vietnam to strengthen anti-money laundering efforts with new department
A new Department of Anti-Money Laundering will operate under the State Bank of Việt Nam (SBV) from January 5 next year.
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Governor Nguyen Thi Hong clarifies a number of issues related to real estate credit
On October 28, 2024, continuing the 8th Session of the 15th National Assembly, the National Assembly held a plenary session to discuss the Report of the National Assembly's Supervisory Delegation on "implementation of policies and laws on real estate market management and social housing development from 2015 to the end of 2023". The Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong explained and clarified a number of issues to National Assembly deputies.
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Detailed guidance on banning sale of bancassurance needed
Insurance companies are awaiting further details on regulations that will guide the implementation of a new policy on banning sale of bancasurance products through banks (bancassurance) to help them comply with the law.
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Banks' profit picture in Q3 creates mixed sentiment
Banks are releasing their third-quarter business results, and sentiments have been mixed about their profit picture.
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Deputy Governor Pham Tien Dzung meets JICA’s Delegation
On October 23, 2024, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Tien Dzung had a meeting with Mr. Shimizu Akira, Director General of the Treasury, Finance and Accounting Department of Japan International Cooperation Agency (JICA). Mr. Shimizu Akira was previously Chief Representative of JICA Vietnam Office during the 2020-2022 period.
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Year-end credit growth driven by industrial sector
The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
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Liquidity pressure “substantial” on Vietnam’s banks
Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.
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Mandatory transfers announced for CB, OceanBank
In a move to restructure the credit institution system and tackle bad debts, the State Bank of Viẹt Nam (SBV) has announced the mandatory transfer of two major banks.
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SBV conducts synchronous measures to enable businesses and people to access bank credit resources
On October 17, 2024, in Hanoi, the State Bank of Vietnam (SBV) organized a Press Conference under the chair of First Deputy Governor Dao Minh Tu to disseminate the results of the monetary policy management and the banking operations in the third quarter of 2024.
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State Bank of Vietnam to inspect banks, gold trading enterprises
The inspection is part of the efforts to narrow the gap between international and domestic gold prices.
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Acquisitions to help boost restructuring of weak banks
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
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HCM City banks, businesses enhance connection for loans
HCM City’s programme to link banks and businesses to enable lending to the latter has greatly assisted them with accessing preferential credit and promoted lending growth, according to the State Bank of Vietnam.
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Promoting "agriculture, rural areas and farmers" to develop rapidly and sustainably
On October 9, 2024, in Hanoi, under the instructions of the State Bank of Vietnam (SBV), the Banking Review, in collaboration with the Department of Credit for Economic Sectors, organized a Workshop on "Financial and credit solutions to promote "agriculture, rural areas and farmers" to develop rapidly and sustainably".
