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Update news SBV
The State Bank of Vietnam increases the preferential loan program to support agriculture, forestry, and fisheries to nearly $4 billion.
The State Bank of Vietnam (SBV) completed the compulsory transfer of four vulnerable banks, CB, Oceanbank, DongA Bank and GPBank to Vietcombank, MB, HDBank, and VPBank, respectively.
After many consecutive sessions of net withdrawal, the State Bank of Vietnam (SBV) last week net injected 199.7 million USD through the open market operation and bill channels to support liquidity in the banking system.
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).
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.
The State Bank of Vietnam is tightening control over interest rates, requiring banks to lower lending costs while cracking down on unfair financial competition.
The reduction is due to two mergers and termination of three departments.
The State Bank of Việt Nam (SBV) suggested that the establishment of digital banks should be postponed to January 1, 2027.