the State Bank of Vietnam
PM Phạm Minh Chính asks credit institutions to stabilise gold market
Prime Minister Phạm Minh Chính signed Directive No. 03/CT-TTg on February 4, 2025, highlighting key tasks for implementation after the 2025 Lunar New Year holiday. The directive includes a special emphasis on stabilising the gold market in Việt Nam.
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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 meets JICA’s Delegation
On October 23, 2024, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Tien Dzung had a meeting with Mr. Shimizu Akira, Director General of the Treasury, Finance and Accounting Department of Japan International Cooperation Agency (JICA). Mr. Shimizu Akira was previously Chief Representative of JICA Vietnam Office during the 2020-2022 period.
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Vietnamese, Lao central banks discuss cooperation in using local currencies in bilateral trade
The State Bank of Vietnam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment cooperation activities to prevent external risks.
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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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Result of the gold bullion auction on April 23, 2024
According to the announcement of The State Bank of Vietnam (SBV), the two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars were Saigon Jewelry Company Limited (SJC) and Asia Commercial Joint Stock Bank (ACB).
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The Conference "Financial Innovation in Vietnam WFIS 2024"
On the morning of April 15, 2024, the Conference "Innovating financial work in Vietnam WFIS 2024" organized by the Vietnam Banks Association (VNBA) in collaboration with TradePass Company, officially opened with a series of events on April 15 and 16, 2024. The Conference has attracted the participation of about 500 technology and business directors from leading banks, insurance and microfinance organizations across the country.
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SBV requests to coordinate in importing and organizing bidding for gold bars
On April 15, the State Bank sent an official dispatch to the ministries of Finance, Public Security, and Industry and Trade requesting support for customs clearance for importing raw gold and organizing SJC gold bar bidding to reduce the differences between domestic prices and the world ones...
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14 banks are systemically important in 2024
The State Bank of Vietnam (SBV) has issued the Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.
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VNBA requests members to give opinions on the Draft Circular replacing Circular No. 08/2021/TT-NHNN
Vietnam Banking Association (VNBA) has just sent an official request to the General Directors of member organizations to give opinions to the provisions related to special loans in the Draft Circular replacing Circular No. 08/2021/TT-NHNN (amended and supplemented).
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Interest rate cut expected to stimulate demand for home loans
According to a report by the State Bank of Vietnam (SBV), people’s demand for home loans and home repairs decreased by 1.12 per cent in the first half of this year, while the loans increased by up to 31 per cent last year.
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Banks still perform well amid pandemic-caused difficulties
Banks’ pre-tax profits this year will remain relatively positive but are yet to be sustainable as banks haven’t set up contingency reserves for restructured debts.
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Detailed policies needed to help firms get loans
Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.
