News
Banks still counting profit from securities trading
Despite market volatilities, many banks still count healthy profits from securities trading.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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Warning of increase in fake bank websites
The National Cyber Security Centre (NCSC) discovered 68 more websites impersonating the brands of agencies and organisations in order to scam users last month.
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SBV works to ensure macroeconomic stability, inflation control
The State Bank of Vietnam (SBV) will manage interest rates in accordance with macroeconomic balance and inflation in the second half of 2024 to ensure macroeconomic stability and inflation control, an SBV official said on Tuesday.
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Discussing with experts on foreign currency policy and interest rates applied to USD deposits
On July 17, 2024, in Hanoi, under the chairmanship of Deputy Governor Pham Thanh Ha, the State Bank of Vietnam (SBV) organized a meeting with several economic experts to discuss about the foreign currency policy and the interest rates applied to the USD deposits.
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Vingroup, Techcombank propose lower interest rates and extended loan terms for social housing
Private conglomerate Vingroup and Vietnam Technological and Commcercial Joint Stock Bank (Techcombank) have proposed a new preferential credit package for social housing.
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Cheap money period in Việt Nam forecast to come to an end
The period of cheap money is coming to end as deposit interest rates are increasing, causing lending interest rates next time to be difficult to maintain at the same low level as at the beginning of this year, experts forecast.
