Vietnam
People: HKMA extends deputy chief executive’s term
Plus new appointments in the Philippines, New Zealand and Vietnam
Brics leaders push for multilateral payments solutions
Central bank governors and finance ministers also call for reform of Bretton Woods institutions
Vietnam’s central bank orders takeovers of two lenders
SBV continues with plan to force stronger banks to take over weaker ones
Vietnam and Laos launch local currency settlement framework
Central banks also set up cross-border QR payments link
US’s indirect reliance on Chinese goods rises – NY Fed research
Study finds country’s largest partners are importing increasing amounts of goods from China
Vietnam mandates biometric verification for many online transactions
Bank customers must provide face or fingerprint ID for transactions over $393
Reserve Bank of India plans to take payments system to 20 countries
Peruvian central bank signs agreement to use India’s Unified Payment Interface
Vietnamese central bank moves to lower domestic gold prices
SBV official says market may be fixed but analyst points to shifts in supply and demand
Getting Chiang Mai right
Asia’s emergency infrastructure is on the right track, but there is still room for improvement
BIS’s Zhang Tao on why Asian central banks favour a broader policy mix
The BIS’s Asia chief speaks with Christopher Jeffery and Jimmy Choi about supporting liquidity, financial stability and innovation in the Asia-Pacific region
Vietnam’s central bank lends $24 billion to troubled bank
State Bank of Vietnam offering liquidity lifeline to lender mired in financial scandal, Reuters reports
Vietnamese court jails former central bank officials for bribery
State Bank of Vietnam’s ex-senior supervisor avoided death penalty by returning bribes, court says
Trial opens in Vietnam over alleged multi-billion dollar fraud
Accused include real estate tycoon and 15 former central bank officials
Vietnam unlikely to raise rates this year, deputy governor says
Central bank may extend debt rescheduling as government demands higher credit growth
Vietnam government to probe central bank’s credit management
Credit growth is far below the SBV’s 14% annual target amid property sector downturn
Two dozen Vietnamese central bankers accused of bribery
Vietnamese authorities allege 24 central bank officials took bribes from a troubled lender
Former executives of troubled lender wanted by Vietnam police
Central bank is looking for investors to acquire failed Saigon Commercial Bank
Vietnam joins South-east Asian cross-border payment bloc
Six Asian central banks have joined forces to build faster and cheaper cross-border payments
Book notes: The crisis of democratic capitalism, by Martin Wolf
A sincere attempt to explain and fix the failing of capitalism in liberal democracies
US Treasury bolsters ties with Vietnam’s central bank
Treasury secretary Janet Yellen says US will promote “friendshoring” with Vietnam
State Bank of Vietnam cuts interest rates
Move comes after government’s call on the central bank to support businesses and economic growth