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HSBC warns of biggest downside risk to Vietnam’s growth

According to HSBC, Vietnam is not immune to a notable global trade slowdown – in other words, “pay-back” time has arrived.

HSBC warns of real estate risks

HSBC expects rising housing prices to constrain the SBV’s ability to deliver any further rate cuts.

Credit growth rose 7.33 per cent in the first half of 2019

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 to block Google payment for YouTube toxic content

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.

SBV revokes National Australian Bank’s representative office license

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.

Proposal to eliminate business license in making gold jewelry and crafts

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.

Recent banking incidents unveil systematic flaws

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.

SBV to inspect the USD mobilizing rates

Violators can be penalized under the disapproval of opening new branches, transaction offices and ATMs.

High-tech agriculture project copes with hindrances of capital flow worth billions of dollars

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.

Vietnam is about to have another 100% foreign-owned bank

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.

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