Vietnam central bank resumes selling gold after 1-month hiatus
The State Bank of Vietnam (SBV), the country's central bank, on Monday announced that it will reactivate the sale of SJC-branded gold bars to meet market demand.
Banking - Mon, November 18, 2024 | 4:02 pm
Vietnam dong hits historic low
The Vietnamese dong (VND) has reached a historic low against the U.S. dollar (USD) as the greenback continues strengthening on the international market.
Banking - Wed, November 13, 2024 | 3:48 pm
Vietnam central bank sticks to ‘goldization’ fight, will consider open gold exchange
Vietnam’s central bank, the State Bank of Vietnam (SBV), will continue to discourage the use of gold as investment or an asset to speculate on, says Governor Nguyen Thi Hong.
Banking - Mon, November 11, 2024 | 5:48 pm
Vietnam central bank vigilant on inflation, cautious about credit risks
Vietnam’s central bank will manage its monetary policy in coordination with its fiscal policy to support economic growth, but it will stay alert about the return of inflation and take prompt action to curb it, says Governor Nguyen Thi Hong.
Banking - Mon, November 11, 2024 | 3:29 pm
Vietnam credit expands over 10% in 10 months
Credit in Vietnam as of October 31 had grew 10.08% compared to the end of 2023, and 16.65% year-on-year, according to State Bank of Vietnam (SBV) Governor Nguyen Thi Hong.
Banking - Mon, November 11, 2024 | 12:09 pm
Vietnam central bank withdraws cash as dong falls to 3-month low
Vietnam’s central bank has resumed issuance of Treasury bills in an attempt to regulate liquidity as the Vietnamese dong has weakened to a two-month-and-a-half low.
Banking - Sat, October 19, 2024 | 8:00 pm
Vietnam central bank to keep ‘open’ policy to support economic growth: official
The Vietnamese central bank will conduct an “open” monetary policy in a way that supports the local economy with more capital, said its Deputy Governor Dao Minh Tu, as there is large room for further cash injections toward the year-end.
Banking - Fri, October 18, 2024 | 4:09 pm
Two ailing Vietnamese banks transferred to giants Vietcombank, MBBank
The State Bank of Vietnam (SBV) on Thursday announced the mandatory transfers of private lenders CBBank and OceanBank to state-controlled Vietcombank and military-run MBBank respectively for “zero Vietnamese dong".
Top News - Thu, October 17, 2024 | 10:44 pm
Vietnam loosens monetary policy after Fed’s rate cut
The Vietnamese government has stepped up monetary loosening after the U.S. Fed cut its benchmark interest rates for the first time in three years.
Banking - Thu, October 3, 2024 | 4:37 pm
Central bank requests control of credit provision for major shareholder-linked customers
The State Bank of Vietnam (SBV) has asked its inspection agency and branches to pay special attention to credit approvals for customers associated with major and controlling shareholders amid declining credit quality and risks of swelling bad debt.
Banking - Tue, October 1, 2024 | 7:30 am
Singapore bank UOB trims Vietnam’s 2024 growth forecast to 5.9% on typhoon Yagi
Singapore-based United Overseas Bank (UOB) has revised down its GDP growth forecast for Vietnam by 0.1 percentage point to 5.9% this year due to the damage caused by super typhoon Yagi.
Economy - Wed, September 25, 2024 | 10:50 am
Fed's aggressive rate cut may prompt Vietnam central bank to consider policy easing: UOB
The U.S. Fed’s recent deeper-than-expected interest rate cut may increase the likelihood and pressures on the Vietnamese central bank to consider similar policy easing, said Suan Teck Kin, head of research at Singapore-based bank UOB.
Economy - Fri, September 20, 2024 | 4:22 pm
Banks in Vietnam required to list suspect accounts for better supervision
Commercial banks must provide information on accounts that show possible signs of fraud, swindling, or law violations at the State Bank of Vietnam's (SBV) request every month.
Southeast Asia - Tue, September 17, 2024 | 9:59 pm
Vietnam central bank cuts OMO interest rate to 4% per year
Vietnam's central bank on Monday lowered its interest rate on open market operations (OMO) to 4% per annum from 4.25% that had been in place since early August.
Banking - Tue, September 17, 2024 | 6:07 pm
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