Central banks of countries such as Japan, China, Australia, Croatia and the Nordic countries have granted credit lines to their banks. However, as the banking system developed, this mechanism was dismantled. Full Article
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Current credit room no longer suitable 24/06
It may not be necessary to apply a credit room if the State Bank of Vietnam asks commercial banks to apply safety indicators seriously and substantively according to Circular 41/2016/NHNN-TT and Basel II.
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Central bank sold roughly $7 billion to stabilise forex market 24/06
The State Bank of Việt Nam (SBV) sold about US$7 billion in the first five months of this year to balance the supply and demand sources of the greenback in the domestic forex market, according to the Viet Dragon Securities Corporation (VDSC).
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State Bank of Vietnam unwilling to dismantle credit room 23/06
The discussion for granting credit limit to commercial banks heated up at the third session of the fifteenth National Assembly when delegate Mr. Trịnh Xuân An from Dong Nai asked the Governor of the State Bank of Vietnam to explain the rationality behind the credit room allocation mechanism, and whether...
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Credit room management at banks under pressure 22/06
Vietnam has controlled inflation at 2.25% in the first five months of the year, but inflationary pressure in coming time is very large. Therefore, monetary policy management, including credit room control, needs to remain cautious.
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Vietnam Techcombank breaks record with the closing of a USD 1 bn offshore syndicated loan facility 22/06
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has successfully concluded a landmark USD 1 billion syndicated loan facility (the “Facility”), setting another milestone in its offshore fund-raising activity. This is to date the largest-ever medium and long-term syndicated loan for a Vietnamese financial institution. The Facility marks Techcombank’s third...
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Central bank stands ready to pump more foreign currencies to market: official 21/06
The State Bank of Vietnam (SBV) will increase its interference in the foreign currency market and stay ready to pump money to the market more frequently, thus creating favourable conditions for credit institutions to meet the demand for legal foreign currencies of organisations and individuals, according to Vice Director of...
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Vietnam's credit growth expands by over 17 percent 15/06
Vietnam’s credit growth as of June 9 expanded by 17.09 percent against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.
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US Treasury Department recognises Việt Nam’s progress in addressing currency-related concerns 15/06
The US Department of the Treasury has recognised the progress made by Việt Nam in its recently released report on macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Việt Nam (SBV) said on Monday.
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MoC proposes controlling bond issuance of property firms 15/06
The Ministry of Construction (MoC) has proposed controlling the bond issuance activities of real estate enterprises but not tightening investment in real estate bonds, Nguyễn Mạnh Khởi, deputy director of MoC's Housing and Market Management Department said at the monthly press conference held on June 13.
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Big M&A deals forecast in banking industry in 2022 13/06
Việt Nam’s merger and acquisitions (M&A) market in 2022 is forecast to include big deals worth billions of dollars in the banking industry.
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US Treasury Department recognises Vietnam’s progress in addressing currency-related concerns 13/06
The US Department of the Treasury has recognised the progress made by Vietnam in its recently released report on macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Vietnam (SBV) said on June 13.
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Banks’ asset quality to remain safe thanks to large reserve buffers 10/06
Despite difficulties due to high inflation, declining net interest income (NIM) and rising bad debts, analysts say Vietnamese banks can overcome risks related asset quality thanks to their large reserve buffers and tight control in lending highly risky areas.
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Reference exchange rate up 3 VND on June 10 10/06
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,065 VND/USD on June 10, up 3 VND from the previous day.
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Reference exchange rate down 7 VND at week’s beginning 06/06
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,062 VND/USD on June 6, down 7 VND from the last working day of the previous week (June 3).
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