SBV looks to up foreign reserves

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Báo Đầu Tư English 2 day(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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HCM City remittances worth $2.1 billion in H1

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Báo Đầu Tư English 2 day(s) ago

Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Viet Nam’s HCM City branch.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 5 day(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 week(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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Vietnam banks look to tap into big data

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Báo Đầu Tư English 1 week(s) ago

To successfully deploy big data in the banking sector, there must be a comprehensive strategy using professional teams who have deep understanding of both finance and technology, said Nguyễn Kim Anh, Deputy Governor of State Bank of Việt Nam.

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Credit growth shows positive signs

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Báo điện tử CP English 2 week(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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Short-term deposit rates forecast to reduce in 2017

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Báo Đầu Tư English 1 month(s) ago

The market research company Market Intello forecast that the average interest rate this year would reduce by 0.5 percentage points compared with 2016.

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Bank security lacking: SBV

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Báo Đầu Tư English 1 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 1 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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Vietnamese lenders shut down night-time ATM services for better security

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Báo Tuổi Trẻ English 1 month(s) ago

Several banks in Vietnam have decided to stop providing their ATM services at night-time in order to prevent criminals from stealing money from their customers’ accounts.

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Secret weapons in exchange rate operations

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Báo Đầu Tư English 1 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 2 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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Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 2 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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State Bank works to maintain stable interest rates

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Báo Đầu Tư English 2 month(s) ago

The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.

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Handbook helps banks weigh projects

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Báo Đầu Tư English 2 month(s) ago

The State Bank of Viet Nam has coordinated with the International Finance Corporation (IFC) to prepare a handbook on social and environmental risk assessment for 10 economic sectors serving credit operations of commercial banks.

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