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Financial Markets

Foreign ownership at some local banks may rise to 49%

Ngoc Nguyen -
HCMC - The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%. The Governor...
Nation

SBV’s former senior supervisor prosecuted

Ngoc Nguyen -
HCMC - Do Thi Nhan, former chief of the Inspectorate and Supervision Department II under the State Bank of Vietnam, has been charged with...
News

PM acts to deal with realty market woes

Thanh Tam -
HCMC – Prime Minister Pham Minh Chinh has signed Document 178 ordering the lifting of hindrances to the real estate market and boosting the...
Financial Markets

Foreign associations want dollar interest rate cap removed

Thanh Tam -
HCMC - Foreign business associations have proposed the State Bank of Vietnam (SBV) remove the U.S. dollar interest rate cap at 0%, reported the...
Financial Markets

SBV tightens control on corporate bond acquisitions by banks

Dat Thanh -
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, is taking steps to tighten control on commercial banks’ acquisitions of corporate...
Financial Markets

Four state-owned banks cut deposit rates

Ngoc Nguyen -
HCMC - Vietnam's big four state-owned commercial banks today, March 15, lowered their 12-month-term deposit interest rate by 20 basis points to 7.2%, just...
Financial Markets

Vietnam’s central bank cuts interest rates

Chuong Pham -
HCMC - The State Bank of Vietnam (SBV) made two separate decisions today to lower interest rates by 0.5 to one percentage point, with...
podcast

Central bank inspect 11 banks

Kim Ngan -
HCMC - The State Bank of Vietnam, the country’s central bank, has taken punitive measures against several of 11 commercial banks that have been...
News

VND120 trillion credit package for social housing to be rolled out

Thanh Tam -
HCMC – The Government has assigned the State Bank of Vietnam (SBV) to implement a credit package of VND120,000 billion for developing homes for...
In the news

Foreign reserves rise again

Kim Ngan -
Vietnam’s foreign exchange reserves are being replenished. Signs foreseen The State Bank of Vietnam (SBV) has been buying foreign currency since January, acquiring an extra US$2.78...
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