Vietnam
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.
Vietnam cuts banks' reserve requirement to 8 pct
VIETNAM - Vietnam's central bank said on Tuesday it had cut the level of reserves banks must maintain for foreign currency deposits to eight percent from 10 percent.
Electronic signatures allowed for bank payment
VIETNAM - The State Bank of Vietnam (SBV) will announce regulations over the pattern and content of electronic documents to be used for payment services among banks next month, deputy governor Nguyen Van Giau said.
Vietnam c bank governor has no bank account-media
VIETNAM - Vietnam's central bank Governor Le Duc Thuy, who is leading a campaign to reduce the country's reliance on cash transactions, has admitted he does not have a credit card, or a personal bank account.
Vietnam's Eximbank begins payments scheme
VIETNAM - The joint stock Commercial Bank for Import and Export of Vietnam, Eximbank, held on 11 October the second phase of bidding for the project "Intrabank payment system and Eximbank's applications."
Vietnam's gold prices soar again after US strikes
VIETNAM - Local gold prices shot up to VND5.3 million a tael (37.5 grammes) on Monday morning before settling down to VND5.27 million a tael in the afternoon following the US-led air strikes on Afghanistan.
Vietnam central bank takes steps to rein in gold
VIETNAM - The central bank will sell more gold to the domestic market in an effort to curb the upward spiralling price of the yellow metal following the events of 11 September in the United States, said deputy central bank governor Duong Thu Huong.
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…