State Bank of Vietnam (SBV)
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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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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Central bank works on protecting banking service users
The State Bank of Vietnam (SBV) will research and amend regulations on safety and security in online banking service provision to better protect customers, an SBV official said on Thursday.
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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.
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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.
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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.
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AI application in preventing money laundering and financial crimes
On June 11, 2024, in Hanoi, the Vietnam Banks Association (VNBA) in collaboration with LUCID Groupe Pte.Ltd (LUCID) and Symphony AI Group organized a workshop themed "Application of artificial intelligence (AI) in preventing and combating financial crimes", to update and share the latest trends and technology solutions in preventing and combating money laundering, fraud and financial crimes.
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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.
