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).
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 $150-million deal will be completed within next three months, adding to the list of business sectors of the Korean financial group in Vietnam covering banking, financial services and securities activities.
The State Bank of Vietnam (SBV) recently affirmed that bitcoin and other similar virtual currencies are not a legal payment instrument in Vietnam.
Leaders of Oceanbank (Ocean Commercial Joint Stock Bank) and Construction Bank (CB Bank) were recently prosecuted and two banks were acquired at VND0 by the State Bank of Vietnam (SBV). However, some have raised questions about how those newly acquired banks will be managed.
Violators can be penalized under the disapproval of opening new branches, transaction offices and ATMs.
The State Bank of Vietnam (SBV) is the largest shareholder in Vietcombank, with 77.11% stake amounting to VND2,200 billion (roughly US$98.58 million) dividends paid in cash for 2016 year.
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.
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.
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Figure much higher than results for same periods of 2015 and 2016.
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.
Severe complaints that many banks in Việt Nam have stopped providing ATM services at night have forced the State Bank of Việt Nam (SBV) to order all banks nationwide to provide ATM services 24/7.
