HSBC expects rising housing prices to constrain the SBV’s ability to deliver any further rate cuts.
Credit growth in the first half of 2019 was slightly higher than the 6.14 percent growth recorded in the first half of 2018, according to the State Bank of Vietnam (SBV).
Vietnam does not welcome cross-border businesses that do not comply with local laws, and the country is set to block payments Google made for inappropriate contents on YouTube.
The central bank has issued Decision No. 1197/QD-NHNN on June 7 to invalidate National Australian Bank (NAB)’s license to operate as a representative office in Hanoi.
The State Bank of Vietnam (SBV) is collecting comments for a draft amendment to Decree No. 24/2012/NĐ-CP on gold trading management and the proposed elimination of business condition in making gold jewelry and crafts has become the prominent content.
Banking sector, an important part of the whole financial system, plays a vital role in facilitating momentum for Vietnam’s economic growth but rising concerns are hanging over due to many incidents and scandals related to banks this year.
Violators can be penalized under the disapproval of opening new branches, transaction offices and ATMs.
Nearly VND33 trillion (roughly US$4.4 trillion) of loans for hi-tech agriculture have been disbursed, but the greatest obstacle hindering this capital flow has also surfaced.
On July 19, the Governor of State Bank of Viet Nam (SBV) Le Minh Hung on Wednesday gave approval in principle to the Singapore’s United Overseas Bank Limited (UOB) to open a 100% foreign owned bank in Viet Nam.
The recent reduction in interest rates of the State Bank of Vietnam (SBV) is expected to stimulate the real estate market.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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