SBV looks to up foreign reserves

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Báo Đầu Tư English 1 month(s) ago

The State Bank of Viet Nam’s transaction centre this week raised the reference buying rate for the US dollar by VND50 to VND22,725, revealing its intention to expand foreign reserves.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 1 month(s) ago

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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City banks create $5b link-up programme

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Báo Đầu Tư English 1 month(s) ago

A banking-enterprises link-up programme in HCM City has enabled 4,138 businesses to borrow over VND124.3 trillion (US$5.5 billion) from banks in the first five months of this year, a conference heard on Friday.

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Interest rates rising, banks stablising

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Báo Đầu Tư English 1 month(s) ago

A number of commercial banks have been increasing promotional rates for long-term deposits by 0.1 to 0.2 per cent per annum, along with issuing additional certificates of deposit, in an attempt to safely restructure their reserves, said Vuong Duy Lam of the National Institute for Vietnam Finance under the Ministry of Finance.

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Credit growth shows positive signs

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Báo điện tử CP English 1 month(s) ago 4 related news

VGP – As of May 25, credit growth expanded 6.53%, higher than the rate of 5% in the same period in 2016 and 4% in 2015. The figure showed positive signs amidst unfavorable economic context and slow public investment disbursement, said a senior official.

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SBV forecast to raise credit growth by 1-2%

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Báo Đầu Tư English 1 month(s) ago

The central bank is likely to raise credit growth target by 1-2 per cent from the original 17-18 per cent for 2017, the Bao Viet Securities Company (BVSC) said.

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Circular guides payment for government bond transactions

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Báo điện tử CP English 2 month(s) ago 2 related news

VGP – The Finance Ministry has issued Circular No. 46/2017/TT-BTC guiding the payment for transactions of government bonds, government-guaranteed bonds and local government bonds.

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Bank security lacking: SBV

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Báo Đầu Tư English 2 month(s) ago

In light of recent widely reported cases of banking fraud related to automatic teller machine (ATM) transactions, the State Bank of Việt Nam (SBV) has advised the public to remain calm and adhere to banks’ regulations, while urging the banks to plug security holes.

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Banking VN 2017 to be held

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Báo điện tử CP English 2 month(s) ago 2 related news

VGP - The 2017 Banking Viet Nam Conference and Expo will be held from May 18 - 19 in Ho Chi Minh City.

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Thai rope manufacturer awaits listing on May 16

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Báo Đầu Tư English 2 month(s) ago

Siam Brothers Vietnam is going to be listed on the Ho Chi Minh City Stock Exchange (HoSE) with the ticker SBV on May 16.

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MB signs contract to apply Basel analytics methodology, credit risk modelling solution

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Báo Đầu Tư English 2 month(s) ago

On May 9, Military Commercial Joint Stock Bank (MB) and Experian held a ceremony to sign a contract and kick off a project on credit risk modeling for Basel II.

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Secret weapons in exchange rate operations

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Báo Đầu Tư English 2 month(s) ago

The secret and most important weapons for the State Bank of Vietnam (SBV) to operate the exchange rate are the foreign currency trading volumes and the daily average exchange rate.

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ATM services must be ensured during holiday: State Bank

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Báo Đầu Tư English 3 month(s) ago

State Bank of Viet Nam (SBV) has urged commercial banks and card issuers to ensure smooth operation of automatic telling machines (ATMs) during the forthcoming Reunification Day (April 30th) and International Labour Day (May 1st).

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Banks to be more demanding in selecting customers

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Báo Dân Trí English 3 month(s) ago

With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 3 month(s) ago

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

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