News for: State Bank

Reference exchange rate up 12 VND

11/04/2021 12:57

The State Bank of Vietnam set the daily reference exchange rate at 23,152 VND/USD on November 4, up 12 VND from the previous day.


SBV strives to meet regional central bank heights

12/21/2017 16:41

VTV.vn - The State bank of Vietnam has been working on a capacity building project to turn itself into a functional, modern central bank based on international practices.

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Bitcoin use faces criminal charges in Vietnam

11/01/2017 09:16

VTV.vn - The State Bank of Vietnam recently made an official announcement about using cryptocurrencies for means of payment.

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Banks under pressure to reduce lending interest rates

02/15/2017 06:00

VTV.vn - Early this year, the Government asked credit institutions to cut costs to reduce lending interest rates and to help enterprises to reduce the cost of loans, which will require considerable effort from the whole banking system.


Credit activities tightened

02/06/2017 07:29

VTV.vn - The State Bank of Vietnam has issued an announcement on the management of a monetary policy that ensures the safety of bank operations in 2017.

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Cash payment declines by 2% in six years

01/24/2017 13:46

VTV.vn - Cash as a mode of payment has declined in the country by 2% in the past six years, from 14.02% in 2010 to the current 12%.

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Remittances to Ho Chi Minh City reached 5 billion $US in 2016

01/12/2017 13:07

VTV.vn - Remittances to Ho Chi Minh City reached five billion USD in 2016, according to the State Bank of Vietnam's Ho Chi Minh City branch.

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Vietnam's foreign currency reserves at US$40 billion

10/06/2016 06:31

VTV.vn - Vietnam's foreign currency reserves have grown rapidly over the last nine months said the Governor of the State Bank of Vietnam Le Minh Hung at the monthly Government meeting recently.

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State Bank must stabilise interest rates

07/25/2016 16:10

VTV.vn - Stablising interest rates, curbing inflation, and ensuring capital resources for the economy are all required tasks set by the central bank.


Bankers suggest lifting foreign ownership ratio ceiling

06/25/2016 10:02

VTV.vn - Merging banks was the first choice to restructure weak credit institutions in the State Bank of Vietnam’s project in 2011-2015. However, analysts said that M&A may not be a major method for restructuring.

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Two banks must pay dividends to state budget

06/19/2016 09:58

VTV.vn - Many opinions arose after the Ministry of Finance proposed the State Bank of Vietnam direct BIDV bank and Vietinbank to submit a total of 4,800 billion VND in cash dividends to the state budget.

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State Bank of Vietnam adjusts monetary policies

06/11/2016 16:00

VTV.vn - Recent policies are now showing their effects on businesses, notably the amended Circular No. 36, which attempts to curb the risk of a real estate bubble, and circulars No. 6 and No. 7, which allow banks to borrow in foreign currencies.


Vietnam State Treasury raises 365 million USD in govt bonds

05/30/2016 15:02

VTV.vn - The State Treasury of Vietnam has successfully raised 365 million USD through government bonds with maturity of 5 years, 15 years, and 30 years.


Banks provide support for fishermen in central regions

05/06/2016 11:00

VTV.vn - Following the Prime Minister’s instruction to support fishermen and businesses in central provinces that are suffering from abnormal marine deaths, many banks have provided support to help restore production.


The State Bank celebrates its 65th anniversary

04/27/2016 09:03

VTV.vn - The State Bank of Viet Nam organised a ceremony on Tuesday to celebrate its 65th founding anniversary.

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The State bank to extend the 30 trillion VND loan stimulus package

03/24/2016 08:00

VTV.vn - The State Bank of Vietnam has recently proposed that the government extend disbursement of the 30 trillion VND stimulus package to support housing for people with average or low incomes.


Businesses expect stable interest rates in 2016

02/21/2016 11:00

VTV.vn - 70-80% of Vietnamese businesses are in need of capital and rely mainly on bank loans. Currently, interest rates are at a reasonable level, and businesses expect the rates to remain stable in 2016.

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State Bank mitigates consequences of cattle loss

01/27/2016 13:00

VTV.vn - The State Bank of Vietnam announced that it will offer support to families in the northern mountainous regions whose cattle died during the unusual cold spell.


Remittances to increase

01/19/2016 11:53

VTV.vn - The State Bank of Vietnam has reduced interest rates on USD deposits to 0% and applied new operating mechanisms which have sparked fears that remittances to Vietnam may decline this year.

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Positive impact of central rate

01/13/2016 11:19

VTV.vn - The central exchange rate has been officially implemented by the State Bank of Vietnam for a week.

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Mid-market rates: 2023-06-03 21:52 UTC