Vietnam
Vietnamese governor wants less cash, more plastic
The governor of Vietnam's central bank, Le Duc Thuy, has called for greater cooperation between commercial banks to expand bank card services.
SBV strengthens communications, security
The State Bank of Vietnam (SBV) has selected advanced technologies from Cisco Systems to help increase operational efficiencies in its countrywide infrastructure and provide a platform to regulate the banking system.
Ex-SBV chief nominated as prime minister
Former governor of the State Bank of Vietnam (SBV), Nguyen Tan Dung, has been nominated as the next prime minister of Vietnam.
Vietnam to issue VND20,000 polymer notes
The State Bank of Vietnam (SBV) will issue VND20,000 polymer notes into circulation from May 17.
Which model for the central bank?
According to this article published Monday 3 April, the question of which model the State Bank of Vietnam should adopt is being raised again.
State Bank of Vietnam urged to modernise
The State Bank of Vietnam has not reached the levels of transparency and accountability required of a successful central bank, a State Bank official was quoted as saying by Vietnam News.
Bangladesh, Vietnam to sign cb agreement
Dhaka and Hanoi are expected to sign an agreement on cooperation between their central banks during the first meeting of the Bangladesh-Vietnam Joint Economic Commission, scheduled for 6-7 February in Hanoi.
Vietnam sets up anti-counterfeit money section
The State Bank of Vietnam (SBV) has set up an anti-counterfeit money section to protect the Vietnamese dong and raise public awareness of how to recognise counterfeit money, said an SBV official.
Vietnam eases foreign currency controls
Vietnam has decided to loosen restrictions on the use of foreign currencies in the country.
Vietnam to maintain compulsory reserves ratio
Vietnam's central bank said on Thursday 15 September it will not raise the compulsory reserve ratio banks must keep aside.
Vietnam extends electronic payment infrastructure
Vietnam's central bank officially granted credit card giant Visa International a licence to set up a representative office in the country on Wednesday 16 February.
IMF calls on Vietnam to ease currency peg
The International Monetary Fund forecast on Wednesday 6 January that Vietnam's economy should grow by 7 percent in 2005, and urged authorities to "move cautiously" to ease the nearly fixed dong-dollar exchange rate.
Viet Nam sees increased used of non-cash payments
Non-cash payments have become more popular in Viet Nam, accounting for 79 per cent of all payments at banks in the first six months of the year as against 77 percent in 2003, according to VNA.
IMF stops Vietnam lending program
The International Monetary Fund said on Tuesday 13 April that it has stopped its multi-million dollar lending program to Vietnam after a long-running dispute with the country's central bank over disclosure of its foreign reserves.
Vietnam not worried on exchange rate
The head of the Foreign Currency Control Department of the State Bank of Vietnam, Truong Van Phuoc said on Sunday that there was no reason to devaluate the Vietnam Dong.
Vietnam and North Korea sign banking pact
The central banks of Vietnam and North Korea have signed a banking pact to boost bilateral trade, an official from North Korea's embassy in Hanoi said on Wednesday 10 March.
Coin chaos in Vietnam as children eat them
The State Bank of Vietnam's recent issue of three new coins turned to disaster when children started eating them after mistaking them for sweets.
Vietnam central bank plans gold purchase
Vietnam's central bank has given the go-ahead for the country to import up to 10 tonnes of extra gold in the first quarter of 2004.
Banknotes and the glass of water test
Le Duc Thuy, the Governor of the State Bank of Vietnam, had a novel way of proving the durability of Vietnam's new 500,000 dong Australian-made polymer-based banknotes by dipping one specimen into a glass of water to demonstrate, Reuters reports. "People…
SBV, Bundesbank sign banking expertise agreement
The State Bank of Vietnam (SVB) has signed an agreement with the Deutsche Bundesbank which will allow executives and staff members of the SVB to receive training and advisory assistance through seminars, banking research and discussions with experts…
Vietnam postpones inaugural global bond issue
VIETNAM - Communist Vietnam has postponed its first-ever global bond issue until next year at the earliest, a senior central bank official said Monday.
Vietnam's Interbank E-Payment System to begin May
VIETNAM - The central bank in Vietnam is intending to launch an interbank e-payment system early next month in an effort to speed up payments.
Vietnam ctrl bk to expand open mkt ops by June
VIETNAM - Vietnam's central bank is planning to hold two sessions of open market operations a week, instead of one currently, to expand dong liquidity, a bank official said Thursday.
Vietnam appoints two new c bank deputy governors
VIETNAM - Vietnam's Prime Minister Phan Van Khai has appointed Phung Khac Ke and Vu Thi Lien as deputy governors of the State Bank of Vietnam, a central bank official said Friday.