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Update news SBV
Law on Deposit Insurance to be amended
According to the SBV, after 12 years of implementing the Law on Deposit Insurance, there have been a number of difficulties and problems that need to be resolved to further enhance the role of the Deposit Insurance of Vietnam (DIV).
Foreign ownership cap proposal of financial centres needs further review
The central bank is concerned that a Ministry of Planning and Investment’s proposal on removing the foreign ownership cap and foreign investment conditions of banks or credit institutions headquartered in Vietnam's international financial centres.
VN bans commercial banks from raising interest rates outside policy guidelines
The State Bank of Vietnam is tightening control over interest rates, requiring banks to lower lending costs while cracking down on unfair financial competition.
SBV reduces five admin units after organisational restructuring
The reduction is due to two mergers and termination of three departments.
SBV suggests delaying the establishment of digital banks in financial centre
The State Bank of Việt Nam (SBV) suggested that the establishment of digital banks should be postponed to January 1, 2027.
