Sunday, 17/08/2025
   

SBV and BCC sign MoU on Cooperation

On September 26, 2024, in Havana, the capital city of the Republic of Cuba, the State Bank of Vietnam and the Central Bank of Cuba (Banco Central de Cuba - BCC) signed a Memorandum of Understanding (MoU) on the Cooperation under the witness of Party General Secretary and State President To Lam, and First Secretary and President of Cuba Miguel Díaz-Canel.
SBV and BCC sign MoU on Cooperation
Deputy Governor Dao Minh Tu and Minister-President Juana Lilia Delgado Portal sign the MoU under the witness of Party General Secretary and State President To Lam, and First Secretary and President of Cuba Miguel Díaz-Canel

Deputy Governor Dao Minh Tu, on behalf of the SBV, and Minister-President Juana Lilia Delgado Portal, on behalf of the BCC, signed the MoU.

This MoU has created a formal framework for the SBV and the BCC to develop and implement cooperation activities, focusing on experience sharing and provision of technical assistance for capacity building for the BCC.

The priority areas that the two sides agreed to focus on in the bilateral cooperation include: (i) Planning and implementing the policies of the Central Bank; (ii) Banking inspection and supervision; (iii) Development of payment systems; (iv) Central Bank’s governance and human resource development,... with various forms, such as working visit exchanges, direct/online discussions, attendance at training courses and seminars...

The signing of the MoU marked an important milestone in the cooperative relationship between the SBV and the BCC, contributing to realizing the guidance and the policy of the Party and State on strengthening the friendly relations, deepening and further expanding the comprehensive cooperation and the mutual trust between Vietnam and Cuba.

The planned cooperation activities are expected to help strengthen the capacity of the managers at all levels, aiming to improve the effectiveness of planning and implementing the monetary/banking management policies of the BCC, and promote the cooperation between the two central banks.

sbv.gov.vn
  • BIDV and HanaBank strengthen cooperation to promote Vietnam–Korea relations

    BIDV and HanaBank strengthen cooperation to promote Vietnam–Korea relations

    On August 12, 2025, in Seoul, South Korea, within the framework of the State visit to South Korea by General Secretary To Lam, the Vietnam–Korea Economic Forum was held under the theme “Cooperation for Developing Production Chains in the New Era!”.

  • VietinBank and MUFG collaborate on Vietnam Development Initiatives

    VietinBank and MUFG collaborate on Vietnam Development Initiatives

    During visiting to Vietnam on August 7, 2025, Mr. Hironori Kamezawa, President & CEO of Mitsubishi UFJ Financial Group (MUFG), a strategic partner of the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank), held important meetings with Prime Minister Pham Minh Chinh and Governor of the State Bank of Vietnam Nguyen Thi Hong.

  • SBV: On the Issuance of the Circular No. 23/2025/TT-NHNN

    SBV: On the Issuance of the Circular No. 23/2025/TT-NHNN

    The State Bank of Vietnam has issued a circular amending and supplementing several articles of Circular No. 30/2019/TT-NHNN, dated December 27, 2019, of the Governor of the State Bank of Vietnam, regarding the implementation of compulsory reserves for credit institutions and foreign bank branches.

  • SBV implements legal regulations on international integration

    SBV implements legal regulations on international integration

    The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2971/QD-NHNN with the Plan to implement Resolution No. 153/NQ-CP dated May 31, 2025.

  • Việt Nam banks on bigger loans to lift lending limit

    Việt Nam banks on bigger loans to lift lending limit

    Việt Nam Banking Association has proposed consumer lending limit of finance companies from VNĐ100 million (US$3,800) to VNĐ300-400 million in an effort to expand consumer credit.

  • Upbit and MBBank to launch Việt Nam’s first digital trading platform

    Upbit and MBBank to launch Việt Nam’s first digital trading platform

    In a landmark move for Việt Nam’s digital economy, South Korea’s top cryptocurrency exchange operator, Dunamu, has teamed up with Military Commercial Joint Stock Bank (MB) to launch the country’s first locally operated digital asset trading platform

  • Banks accelerate lending as real estate, stock markets attract capital

    Banks accelerate lending as real estate, stock markets attract capital

    The banking system's credit growth reached about 10 per cent after seven months, significantly higher than the 6 per cent recorded in the same period in 2024, according to the State Bank of Vietnam (SBV).

  • Promoting factoring services in Vietnam

    Promoting factoring services in Vietnam

    On August 12, 2025, in Hanoi, the Vietnam Banks Association (VNBA) and the International Finance Corporation (IFC) jointly organized the "Policy Dialogue on Factoring Business in Vietnam". This event provided a comprehensive picture of the current status of factoring activities in Vietnam, while also pointing out the difficulties, challenges as well as the great development potential of this market.

  • Shinhan Bank Vietnam accompanies households in business transformation

    Shinhan Bank Vietnam accompanies households in business transformation

    Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) successfully organized the event “Shinhan Bank Vietnam – Supporting Business Households”, in response to Resolution 68-NQ/TW and Resolution 198/2025/QH15 on the strategy for private economic development, as well as to accompany business households in implementing Decree 70/2025/ND-CP through comprehensive financial solutions. The event took place at the Bank’s Head Office, attracting over 150 business households from Ho Chi Minh City.

  • Standard Chartered fuels Việt Nam’s net-zero path

    Standard Chartered fuels Việt Nam’s net-zero path

    Standard Chartered, a major international bank with a strong presence in Việt Nam, is helping bridge the financing and advisory gap for this transition.

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation