State Bank of Vietnam (SBV)
Vietnam continues dong devaluation
State Bank of Vietnam devalues the dong for the third time in the past 12 months
Vietnam lifts loan rate caps to dampen inflation
Vietnamese central bank frees commercial loan rates from base rate to stymie credit growth, new law which would give it more independence under discussion
Vietnam devalues dong and raises rates
Vietnam devalues currency and tightens policy after government stimulus feeds inflationary pressures
Vietnam holds rates steady and commits to dong liquidity
Central bank's policy reflects anticipated year-end currency shortage
Vietnam shuffles senior managers
The State Bank of Vietnam announced eight new senior managers in a major reshuffle at the central bank.
Vietnam hikes rates, devalues dong
The State Bank of Vietnam's benchmark rate will soar two percentage points to 14% from Thursday in a bid to counter inflation, while the dong's value will plunge by almost 2%.
Vietnam cbank launches electronic payment system
The State Bank of Vietnam (SBV) has completed the technical side of its US$13.2 million inter-bank payment project funded by the World Bank-funded, SBV Governor Le Duc Thuy announced.
Korean payment system to operate in Vietnam
The Korea Financial Telecommunications and Clearings Institute (KFIC) said on Feb 28 it will hold a ceremony on Mar 6 to mark the operation of a Korean-designed inter-bank payment system that was recently installed at the State Bank of Vietnam.
Compulsory reserve ratio maintained in Vietnam
The Vietnamese central bank will not reduce the compulsory reserve ratio for foreign currency deposits of less than 12 months despite proposed amendments from some local banks since earlier this month.
Russian central bank deputy governor in Vietnam
A delegation of Russian central bank headed by its deputy governor, V.A Melnikov has been in Vietnam since February 16, said the International Relation Dept. of the State Bank of Vietnam. They are scheduled to work with the central bank office,…
Vietnam,Russia look to bilateral payment mechanism
Risks encountered by Vietnam's businesses in trading with Russian partners will likely be removed if talks between the visiting Russian banking delegation with their Vietnamese counterparts bear fruit.
Vietnam - New regulations on banks' rep offices
Commercial banks can open rep offices and branches at home and abroad, as well as set up, disband and merge branches, provided they meet certain conditions, the central bank has ruled.Decision 90/2001/QD-NHNN regarding this signed last week by deputy…
Vietnam seeks US$500m IMF loan
Vietnam is seeking an emergency loan from the International Monetary Fund to help pay for a US$1.5 billion (S$2.6 billion) programme to restructure its debt-ridden banking sector. The country is negotiating a US$500 million loan package with the IMF,…
Interview: State Bank of Vietnam's Le Duc Thuy
Vietnam's central bank governor Le Duc Thuy discussed plans to develop the country's banking system in an interview with the local Sai Gon Giai Phong (Liberation Saigon) Daily newspaper.
Hanoi eases rules on using land as collateral
Vietnam has relaxed rules governing the use of land rights as collateral to borrow from commercial banks, a move aimed at stimulating investment, a central bank official said on Tuesday.
Vietnam's bad and overdue debts 11.7% of loans
Vietnam's "bad, overdue and uncollectible debts," now total 11.7% of the country's total outstanding loans, central bank governor Le Duc Thuy said Wednesday.
Vietnam clarifies rules on loan loss provisions
Vietnam's central bank has issued a regulation clarifying how commercial banks must calculate and put aside their loan loss provisions, a central bank official said Wednesday.
Vietnam central bank agrees on bank merging plan
Vietnam's central bank has agreed in principle to the merger of two commercial banks but a final decision will be announced after merging procedures are completed, a bank official said on Friday.