State Bank of Vietnam - các bài viết về State Bank of Vietnam, tin tức State Bank of Vietnam

Vietnam central bank stands ready to cool overdone dong depreciation

The State Bank of Vietnam (SBV) is aware of the importance of keeping the USD/VND exchange rate steady and stands ready to put a brake on the dong devaluation run when necessary, said an official.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

State Bank of Vietnam may net withdraw $6.35 bln in ongoing streak

The State Bank of Vietnam will net withdraw an estimated VND100-150 trillion ($6.35 billion) in the ongoing T-bill sales streak that started on Monday amidst the weakening of the dong.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM orders lower lending rates, wider credit access

Vietnamese Prime Minister Pham Minh Chinh has asked the central bank and commercial lenders to further lower lending interest rates and facilitate greater credit access.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank continues cash withdrawals with $1.82 bln in 3 days

The State Bank of Vietnam (SBV), the country’s central bank, withdrew a total of VND45 trillion ($1.82 billion) over three consecutive days ending Wednesday in an attempt to cool the U.S. dollar rally in the country.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank withdraws $609 mln in cash after 4-month hiatus amid weakening VND

The State Bank of Vietnam (SBV), the country’s central bank, on Monday withdrew VND15 trillion ($608.6) million in cash from circulation via a T-bill auction after a four-month hiatus as the local currency has devalued rapidly since the start of the year.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Exchange rate in Vietnam breaks VND24,000 milestone again

The State Bank of Vietnam (SBV) on Monday raised the central exchange rate by VND8 to VND24,004 per U.S. dollar, breaking the VND24,000 milestone and approaching the peak of VND24,110 in October 2023.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Inward remittances to HCMC up 43% to $9.5 bln, Asia dominates

Inward remittances to Ho Chi Minh City, Vietnam’s largest economic hub, rose 43.3% year-on-year to $9.46 billion in 2023, according to the municipal branch of the State Bank of Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposits at banks in Vietnam net rise by record $70 bln in 2023 despite falling rates

Deposits at banks in Vietnam net increased by a record high of nearly VND1,700 trillion (roughly $70 billion) in 2023 although interest rates continuously dropped during the year, according to the central bank.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam ‘basically completes’ value assessment of weak banks pending forced takeover

The State Bank of Vietnam (SBV) has “basically completed” the “unprecedented” task of assessing the value of ailing banks subject to forced takeovers, said Governor Nguyen Thi Hong.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam government wants further lending interest rate cuts

The Vietnamese government has directed the State Bank of Vietnam (SBV) to continue to operate proactive, flexible and effective monetary policies, while encouraging credit institutions to reduce costs, simplify lending procedures and reduce lending interest rates to support economic growth.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank tightens rules on gold bullion production

The State Bank of Vietnam (SBV), the country’s central bank, has issued a decision to update a sister rule issued in 2012, in a move to tighten the production of gold bullion amid recent volatility in the local market.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam plans $82 bln credit injection in 2024

Credit institutions in Vietnam are expected to pump around VND2,000 trillion ($82 billion) into the economy this year, or a 15% credit expansion, the central bank estimates.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam targets 15% credit growth this year

The State Bank of Vietnam (SBV), the country’s central bank, has set a credit growth target of 15% for this year, significantly higher than the estimated 12% expansion in 2023.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam should consider establishing crisis and financial stability monitoring function at SBV: IMF

On the occasion of new year 2024, Jochen Schmittmann, resident representative of the International Monetary Fund (IMF) in Vietnam, talks to The Investor about the prospects of Vietnam’s economy and recommendations on deepening the capital market.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam credit growth hits 10.58% as of December 20

Vietnam’s credit as of December 20 had increased by 10.85% compared to the end of 2022, thanks to drastic directions from the government and efforts of the banking industry, according to the State Bank of Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM orders scrutiny of crossholdings in banking system

Prime Minister Pham Minh Chinh has ordered strict handling of all violations found after an urgent scrutiny of crossholdings at credit institutions in the country.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to handle 2-3 ailing banks, industrial projects this year

The State Bank of Vietnam (SBV) and the Commission for the Management of State Capital at Enterprises (CMSC) will have to finish the handling of at least two to three banks and industrial projects by the end of this year, according to a government decision.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam stock market to grow strongly in 2024: KIS Vietnam Securities

The Vietnamese stock market will make a breakthrough in 2024 thanks to the recovery of the domestic macro economy and the positive influence of supportive policies from the government and the State Bank of Vietnam, said Truong Hien Phuong, senior director at broker KIS Vietnam Securities.

Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fitch upgrades Vietnam rating to 'BB+'; outlook stable

Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to “BB+”, from “BB”, with stable outlook.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Banks should continue reducing interest rates: central bank governor

Banks should continue cutting costs in order to reduce interest rates, Governor Nguyen Thi Hong of the State Bank of Vietnam said at the government’s Thursday meeting on boosting credit growth for the economy.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Massive cash injection in Vietnam as exchange rate pressure eases

Vietnam’s central bank has pumped back a massive amount of cash into the economy as pressure on the USD/VND exchange rate has eased.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank likely to keep policy rate steady through 2024: HSBC

The State Bank of Vietnam (SBV), the country's central bank, is expected to keep its policy rate steady at 4.5% through 2024 despite risks from rising food and energy prices, HSBC said in a note.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Positive outlook for Vietnamese banks, GDP growth over 6% in 2024: Fitch

Vietnamese banks are set to enjoy a favorable business environment over the next few years in tandem with a strengthening economy, a Fitch Ratings report says.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank expands credit growth quotas to stimulate lending

The State Bank of Vietnam (SBV) is increasing credit growth quotas for banking institutions on a case-by-case basis in a move to stimulate lending.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam local currency bond markets grows 3.9% in Q3, yields up

Vietnam’s local currency (LCY) bond market grew 3.9% quarter-on-quarter in the third quarter, driven by the State Bank of Vietnam (SBV) resuming issuance of treasury bills.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Identify sustainable solutions to boost bond, realty markets: Vietnam PM

Vietnam's finance ministry, the central bank and other agencies have been tasked with identifying fresh solutions to prevent unexpected negative impacts and boost the bond and realty markets.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam dong may depreciate 3% this year: Vietcombank Securities

The Vietnamese dong (VND) is forecast to weaken by circa 3% against the greenback this year in case the U.S. Dollar Index (DXY) does not rise further, said analysts at Vietcombank Securities Co.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank to continue withdrawing excess cash as dong devaluates 4.4% year to date

The State Bank of Vietnam (SBV), the country’s central bank, will continue to issue treasury bills until the year-end to keep interbank interest rates on VND-denominated loans and the dong devaluation in permissible zones, analysts have said.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gov’t raises $10.5 bln from bond sales in Jan-Oct

The State Treasury of Vietnam under the Ministry of Finance mobilized VND256.13 trillion ($10.5 billion) from sales of government bonds in the year to October 31, meeting 64% of the full-year target.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam can lend another $39 bln by year-end: central bank

Lending in Vietnam’s banking system has room to grow an additional 8%, or VND950 trillion (nearly $39 billion), in the remaining months of this year, a central bank official said.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam steadfast on keeping exchange rate stable, fighting forex hoarding

The State Bank of Vietnam (SBV) will stay steadfast on keeping the USD/VND exchange rate stable and dampening forex hoarding by those expecting further dong devaluation, a central bank official has stated.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Interbank interest rates rise as Vietnam regulator squeezes excess liquidity

Interest rates in Vietnam’s interbank market have risen in recent days as the banking regulator remains aggressive with excess liquidity, aiming to limit the weakening of the dong.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank has limited room for further monetary loosening: Dragon Capital

The Vietnamese central bank has limited room to further loosen monetary policy given adverse external factors and a pickup of inflation at home, leading fund manager Dragon Capital said in a recent note.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank gets aggressive with excess liquidity

The State Bank of Vietnam (SBV) has been persistent in withdrawing excess cash from the system with the aiming of keeping the USD/VND rate stable without tapping its forex reserves.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank in search of investors for ailing lender SCB

The State Bank of Vietnam (SBV), the country’s banking regulator, is active in looking for investors that are willing to join the restructuring of troublesome Saigon Joint Stock Commercial Bank (SCB).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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