• Direct impact of exchange rates on business operations

    Direct impact of exchange rates on business operations

    Policies are in place to help ensure stability in terms of exchange rates. Duong Bui, FX Trading Associate director for Markets & Securities Services at HSBC Vietnam, shared with VIR’s Nhue Man how upcoming exchange rate fluctuations may affect import-export businesses.

  • Big4 banks, SJC sell gold bars directly to customers

    Big4 banks, SJC sell gold bars directly to customers

    The State Bank of Vietnam (SBV) announced on June 3 that the selling price of SJC-brand is 78.98 million VND (3,108 USD) per tael.

  • Central bank targets ongoing price control of gold market

    Central bank targets ongoing price control of gold market

    On June 5, the State Bank of Vietnam (SBV) announced the direct selling price of SJC-branded gold bars at four state-owned commercial banks at VND76.98 million ($3,200) per tael, down VND1 million ($41.50) per tael compared to the previous day.

  • Larger lenders in good growth stead

    Larger lenders in good growth stead

    Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.

  • SBV urges to handle rumours about gold market

    SBV urges to handle rumours about gold market

    The State Bank of Việt Nam (SBV) has urged the Ministry of Public Security to verify and strictly handle violations related to spreading false news, speculating, profiteering or manipulating the gold market.

  • Regulations on bad debt trading, settlement revised

    Regulations on bad debt trading, settlement revised

    The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.

  • Settlement of weak banks remains tough

    Settlement of weak banks remains tough

    The settlement of weak banks has faced difficulties as the work mainly depends on the voluntary participation of well-performed banks, the State Bank of Vietnam (SBV) said.

  • Central bank demands lending rate cuts, growth target to be met

    Central bank demands lending rate cuts, growth target to be met

    The State Bank of Vietnam (SBV) has demanded credit institutions deliver a system-wide credit growth target of 5-6 per cent by the end of the second quarter this year, and reduce lending rates by 1-2 per cent, it said on Friday.

  • Untapped potential in domestic credit card market

    Untapped potential in domestic credit card market

    There is a lot of untapped potential in the number of credit card holders in the domestic market, said industry insiders and policymakers during a seminar in Hà Nội on Monday, promoting the use of domestic credit cards and a cashless society.

  • Cashless payment develops rapidly in VN amid security concerns

    Cashless payment develops rapidly in VN amid security concerns

    Non-cash payments continue to grow rapidly in Việt Nam, requiring a focus on ensuring payment security, a representative of the State Bank of Việt Nam said at a press conference on Cashless Day 2024 held on Tuesday in HCM City.

  • ESG – important milestone in sustainable development roadmap in Vietnam

    ESG – important milestone in sustainable development roadmap in Vietnam

    Speaking at the ESG forum, which was organized on May 22, 2024 in Hanoi, Deputy Governor Dao Minh Tu of the State Bank of Vietnam said that the economic conditions and context in Vietnam as well as in the world would bring great opportunities, but this is also a challenge for businesses on the path to achieve sustainable development goals, especially when the ESG standards are evaluated.

  • Lenders increase provisioning to protect against bad debt

    Lenders increase provisioning to protect against bad debt

    Circular No.02 provides instructions for credit institutions and foreign banks on debt rescheduling and retention of debt categories to assist borrowers. It was issued in April 2023 with an initial expiry set for the end of June this year, but following this announcement from the State Bank of Vietnam (SBV), the policy is now extended until the end of the year.