PM requests urgent action to prevent cross-ownership, manipulation of credit institutions
Prime Minister Pham Minh Chinh has ordered the Ministry of Public Security to coordinate with the State Bank of Vietnam (SBV) to take urgent action to prevent and deal with cross-ownership and manipulation at credit institutions, ensuring system safety and financial-monetary security.
Banking - Fri, May 3, 2024 | 2:46 pm
Vietnam central bank to keep interest rate steady: deputy governor
The State Bank of Vietnam (SBV), the country’s central bank, will continue to keep policy interest rates unchanged at present and in the coming time, affirmed its deputy governor Dao Minh Tu.
Banking - Fri, April 26, 2024 | 9:11 pm
Sumitomo Mitsui-invested VPBank plans to merge with ailing lender
Hanoi-based VPBank, the biggest private lender by charter capital in Vietnam, will ask for shareholders’ approval to proceed with a plan to acquire a weak bank following a request by the State Bank of Vietnam (SBV).
Banking - Wed, April 24, 2024 | 11:18 am
Lukewarm interest in Vietnam’s first gold auction after 11 years
Just two companies submitted bids to buy 3,400 taels of SJC-branded gold bars, or 20.2% of the volume offered, at an auction held by Vietnam’s central bank Tuesday.
Banking - Tue, April 23, 2024 | 2:45 pm
Vietnam central bank cancels first gold auction in 11 years
Vietnam's central bank has canceled a gold auction due to take place at 10 a.m. Monday, which would have been the first after an 11-year hiatus.
Banking - Mon, April 22, 2024 | 10:57 am
Greenback surge appears a mixed bag for Vietnam businesses
As expected, the recent surge in the U.S. dollar against the Vietnamese dong (VND) has benefited exporters handsomely while importers are feeling the pinch of paying more for their purchases.
Companies - Sun, April 21, 2024 | 6:51 pm
Vietnam central bank pumps cash to save troubled lender SCB
Vietnam’s central bank has pumped in money to support Saigon Commercial Bank (SCB), which experienced a run triggered by the arrest of real estate tycoon Truong My Lan in October 2022.
Banking - Sat, April 20, 2024 | 5:15 pm
Lending picks up at Vietnam banks with 1.34% Q1 growth
Credit growth in the Vietnamese banking system accelerated in the final days of last month to reach 1.34% as of March 29 from end-2023.
Banking - Sat, April 20, 2024 | 3:30 pm
Vietnam central bank to auction 16,800 taels of gold after 11-year hiatus
The State Bank of Vietnam (SBV), the country’s central bank, will auction 16,800 taels of SJC-branded gold bars next week for the first time in 11 years to help bring prices down in a country where the metal is highly favored as a safe haven asset.
Banking - Sat, April 20, 2024 | 10:32 am
Vietnam central bank ready to cool USD surge: Deputy Governor
The State Bank of Vietnam (SBV) stands ready to make needed interventions to curb the worrisome strengthening of the U.S. dollar against the local currency, a senior official has said.
Banking - Fri, April 19, 2024 | 4:01 pm
US dollar hits new high versus Vietnam dong
The U.S. dollar has continued to strengthen against the Vietnamese dong, reaching a new high at commercial banks and causing another headache for the country’s central bank, which has been ordered to stem gold fever.
Banking - Tue, April 16, 2024 | 10:40 am
Cash to flow into stocks, real estate on back of gold rally, low interest rates
While gold prices have been climbing sharply, deposit interest rates remain low, and the stock market has experienced recent corrections, so where should people put their money to make a profit? The Investor spoke with Pham Manh Hung, vice head of the Research Institute for Banking, under the Banking Academy of Vietnam, about this issue.
Consulting - Sat, April 13, 2024 | 8:38 am
Vietnam to increase gold bar supply, narrow global-domestic price difference
The State Bank of Vietnam (SBV) will increase gold bullion supply in order to reduce the disparity between domestic and world prices as locals have rushed to trade the metal in recent weeks.
Finance - Fri, April 12, 2024 | 5:35 pm
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 - Thu, April 4, 2024 | 11:07 am
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