State Bank of Vietnam
New policy promotes green banking development in Vietnam
The State Bank of Vietnam (SBV) is pushing all credit institutions to go green in terms of banking and credit.
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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.
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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.
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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.
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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.
