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SBV

Adjustments in interest rates to affect the economy

The recent reduction in interest rates of the State Bank of Vietnam (SBV) is expected to stimulate the real estate market.

Foreigners may be permitted to open saving accounts in local currency

According to the draft circular of the State Bank of Vietnam (SBV), non-resident foreigners can deposit savings in both local and foreign currency at commercial banks, a positive move not only to limit speculation in the market but also guarantee legal reights for non-residents presenting in Vietnam.

Concerted efforts behind stable credit growth

Total outstanding loans to May 25 grew 6.53% year-on-year, much higher than the 5% and 4.5% in the same period of 2016 and 2015, respectively, according to the central bank.

SBV: Credit growth at 6.53% year to date

Figure much higher than results for same periods of 2015 and 2016.

SBV responds to Enterprises' proposal to lower lending rates

In the context of increasing inflation expectation since 2016, demand for credit capital and Government's bond issuance continues to be higher and higher, while the pace of investment capital disbursement still remains low, putting pressure on credit demand.

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