State Bank of Vietnam
Urgently implement measures to support people and enterprises affected by Typhoon Yagi
On September 18, 2024, in Hanoi, Deputy Governor Dao Minh Tu of the State Bank of Vietnam (SBV) chaired a meeting with the credit institutions to discuss and agree on the urgent implementation of measures to support the people and enterprises affected by Typhoon Yagi (also referred to as Typhoon 3 of 2024).
-
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.
-
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.
-
Foreigners advised to visit bank branches for biometric verification
The State Bank of Vietnam (SBV) has issued guidance for commercial banks to serve the registration of biometric data for foreign residents in Việt Nam, when a new regulation on mandatory biometric verification for first-time mobile banking users or large valued transactions takes effect early next month, an SBV official said.
-
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.
-
Implementing solutions for safety and security in online and banking card payment
On June 12, 2024, at the headquarters of the State Bank of Vietnam (SBV), Vietnam Banking Association (VNBA) organized a Conference on the implementation of Decision No.2345/QD-NHNN on the solutions to ensure the safety and security in online and banking card payment transactions. SBV Deputy Governor Pham Tien Dzung, Chairman of the National Cybersecurity Association, attended and gave a keynote speech at the Conference.
-
SBV demands interest rate reduction this month
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.
