Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Central bank must keep a close on financial market: WB

Central bank must keep a close on financial market: WB

The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB).
Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.
Central bank advised to continually fight against dollarisation, goldenisation

Central bank advised to continually fight against dollarisation, goldenisation

The State Bank of Vietnam (SBV) should continue to take measures against dollarisation and goldenisation in the domestic economy as the markets remain potential risks for the rising speculation and hoarding of the assets, experts said.
Deposits at all banks always guaranteed: Central bank governor

Deposits at all banks always guaranteed: Central bank governor

Deposits at all banks, including the Saigon Commercial Bank (SCB), are guaranteed by the State in all cases, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong affirmed on October 10 when talking to the media regarding recent issues related to the SCB.
Central bank sells greenback to stabilise forex market

Central bank sells greenback to stabilise forex market

The State Bank of Vietnam (SBV) has so far this year sold about 12-13 billion USD to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).
Central bank to keep watch on bancassurance activities

Central bank to keep watch on bancassurance activities

Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).
Central bank proposes new law on bad debt settlement

Central bank proposes new law on bad debt settlement

The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement. The new law would be based on the provisions of Resolution 42/2017/QH14 to ease the work of settling bad debts.
PM asks central bank to study pilot implementation of cryptocurrency

PM asks central bank to study pilot implementation of cryptocurrency

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to study and carry out pilot implementation of cryptocurrency based on blockchain technology in the 2021-23 period.
Central bank to keep proactive, flexible monetary policy

Central bank to keep proactive, flexible monetary policy

The State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basednbsp;on market developments and forecasts for the macro-economy, SBV Deputy Governor Đào Minh Túnbsp;told a meeting on Thursday.
Central bank, police officials warn against investment in forex trading floors

Central bank, police officials warn against investment in forex trading floors

Officials from the State Bank of Vietnam (SBV) and the Ministry of Public Security have warned that investment in foreign exchange (forex) trading floors is extremely risky and not protected by the country's law.
Central bank targets credit growth of 12% in 2021

Central bank targets credit growth of 12% in 2021

The State Bank of Vietnam (SBV) targets a credit growth rate of 12% in 2021, equivalent to the growth of 12.13% last year, according to SBV Deputy Governor Dao Minh Tu.
Central bank extends credit growth limits

Central bank extends credit growth limits

The State Bank of Vietnam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 percent.
Credit growth up 6.09 percent: central bank

Credit growth up 6.09 percent: central bank

The State Bank of Vietnam (SBV) said on October 2 that as of September 30, credit had expanded 6.09 percent as compared with the end of 2019.
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