News
State Bank sets higher credit growth target for 2025
The credit growth target for the banking system in 2025 has been set higher than in 2024.
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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.
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Welcome message from Chairman of ASEAN Bankers Association to the coming 52nd ASEAN Banking Council Meeting
On the occasion of the coming 52nd ASEAN Banking Council Meeting held in Kuala Lumpur, Malaysia from the 4 to 5 December 2024, Chairman of the ASEAN Bankers Association (ABA), Mr. Jose Teodoro k. Limcaoco has sent the Welcome message. VNBA News honorably introduces it.
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Exchange and interest rates forecast to remain stable after US election
Experts believe that Vietnam's economic fundamentals are strong enough to withstand the volatility stemming from the US election results.
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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.
