News
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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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.
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Lowered lending rates to facilitate capital access
The fourth quarter is bringing soaring capital demand for production and housing, calling for timely preferential credit and rate cuts to empower businesses and citizens in driving consumption and robust growth
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SBV and CBUAE sign MoU on Cooperation
On October 28, 2024, within the framework of the official visit to United Arab Emirates (UAE), Prime Minister Pham Minh Chinh and Vice President/Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum witnessed a ceremony announcing the signing of the cooperation documents between the two countries, including a Memorandum of Understanding (MoU) on Cooperation in the banking sector between the State Bank of Vietnam (SBV) and the Central Bank of the UAE (CBUAE).
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Deputy Governor Pham Tien Dzung: The legal corridor of the banking industry has been paving the way for the application of technology
At the Smart Banking 2024 Conference and Exhibition, Deputy Governor of the State Bank Pham Tien Dzung affirmed that the legal corridor of the banking industry has been paving the way for the application of technology.
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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.
