State Bank of Vietnam

Mobile money services step into limelight for unbanked

10:00 | 17/03/2021

Vietnamese telecom behemoths are gearing up to offer seamless mobile money services to tap into the lucrative contactless payment industry in Vietnam, with major focus ...

Credit market share of private banks rise

16:08 | 27/02/2021

Private banks have posted significant growth in credit market share in the past five years.

Staying on track for economic stability

14:00 | 12/02/2021

Over the past five years, the banking sector implemented many solutions and made important contributions to national socioeconomic development, and last year the sector’s activities ...

Banks to make provisions for COVID-19 affected loans this year

10:04 | 24/01/2021

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State ...

Banks to stop issuing magnetic strip cards in three months

20:38 | 02/01/2021

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

Appointment decision presented to new governor of central bank 1

09:40 | 17/11/2020

Prime Minister Nguyen Xuan Phuc on November 16 presented the State President’s decision to appoint Nguyen Thi Hong as the Governor of the State Bank ...

Increasing economic capacity for healthier credit

08:55 | 06/11/2020

Vietnam’s capital market stands at an oversupply even as deposit interest rates remains very low, with output interest rates decreasing sharply compared to previous years. ...

Monetary policies narrow after rate dip

08:54 | 06/11/2020

As interest rates have fallen dramatically during the first 10 months of the year, the State Bank of Vietnam’s leeway for monetary policy has been ...