State Bank

VnnNews – Commercial banks have urged SBV to remove the instruction on halting licensing for new bank branches. Two years ago was the time when commercial banks rushed to set up new branches to expand their network. At that time, the network expansion was applauded by the central bank which said that this was a necessary move to prepare...

Tags: Bank Branches, Central Bank, More Branches, Open More Branches, State Bank, The Central, The Central Bank, The Network Expansion, The State, The State Bank, To Open More, To Open More Branches

VnnNews – A series of illegal foreign exchange points have been punished as part of a cleanup of the black foreign currency market. The State Bank of Vietnam has been urged to take more drastic measures to settle the situation which is considered one of the reasons behind recent problematic currency issues. As a result, black market...

Tags: Currency Exchange Points, Dong Per Dollar, Exchange Points, Foreign Currency, Foreign Currency Exchange, Foreign Currency Exchange Points, Hcm City, In Hcm City, State Bank, The State, The State Bank

Construction of VN-Singapore IP starts in Hai Phong; Banks underestimate profits for last year; Gold market begins to lose its glitter   The construction of a Vietnam-Singapore industrial park (VSIP) started in the northern port city of Hai Phong on January 13 in the presence of Prime Minister Nguyen Tan Dung and his Singaporean counterpart...

Tags: Billion Usd, Commercial Joint Stock, Commercial Joint Stock Bank, For Gold Trading, Gold Trading, Joint Stock, Joint Stock Bank, Last Year, Million Usd, Million Usd Were, State Bank, The Central Bank, The Vietnam, This Year, Trillion Vnd

Milk prices slide, farmers see losses; Overseas remittances down 12.8%, says State Bank; Hanoi to host int’l trade, investment fair; Businesses optimistic about economic development in 2010; Coffee exports hit record high Milk prices slide, farmers see losses Dairy farmers in Ho Chi Minh City’s Cu Chi District January 8 said they...

Tags: Cent Stake, City Stock Exchange, Gold Trading, Hcm City, Hcm City Stock, Hcm City Stock Exchange, In The World, Joint Stock, Joint Stock Company, Last Year, Of The Year, Of Viet Nam, Per Cent, Per Cent Stake, State Bank, Stock Exchange, The Association, The Company, The Hcm City, the second, The State, The State Bank, The World, The Year, Viet Nam, Western Bank

VnnNews – Commercial banks says they are having to dodge the law by offering higher-than-allowed interest rates to depositors while charging borrowers more. They claim that if they didn’t then there’d be left with only limited funds to lend out to assist businesses.While the ceiling lending interest rate is 12 percent per...

Tags: Interest Rate, Interest Rates, Lending Interest, Percent Per Annum, State Bank, The State, The State Bank

Vietnam is expecting higher economic growth in 2010 with fading high inflation risks. The confidence comes from the government’s successful mission to restrict inflation to single digit levels in 2009. Inflation controls must be mixed with the necessity to provide firms with capital. VnnNews - Vietnam is expecting higher economic growth...

Tags: High Inflation, Per Cent, State Bank, The Government, The State, The State Bank

When the State Bank announced a 30 per cent credit growth target for 2009, some banking experts thought back to 2007. In 2007, the authority also set a 30 per cent credit growth target, which in reality turned out to be 52 per cent. The same scenario happened in 2009 as credit expansion finally reached 37.73 per cent.While central banks worldwide...

Tags: Credit Growth, Per Cent, State Bank, The State, The State Bank

VnnNews – The dollar exchange market has improved in the half month after drastic measures. However, the problems have not been settled completely.  It appears that the black market has not been influenced so much by the drastic measures taken. The black market rate remains high, and  is always 1,000VND higher than the price...

Tags: Dollar Rate, Dong Dollar Rate, Dong Per, Dong Per Dollar, Exchange Rate, Interbank Exchange Rate, Per Dollar, State Bank, The Dong Dollar, The Dong Dollar Rate, The State, The State Bank

VnnNews – The State Bank of Vietnam Nguyen Ngoc Bao has denied plans to issue one million dong bank notes as rumoured. The public has been stirred by the rumour that the State Bank of Vietnam is going to issue one million dong bank note and will tighten the monetary policies. Investors had also been stunned by the speculation that...

Tags: State Bank, That The State, That The State Bank, The State, The State Bank

VnnNews – Almost a week after the central bank raised the official dong/dollar exchange rate, the foreign currency market has begun cooling down. On November 30, the interbank exchange rate had eased by five dong per dollar to 17,956 dong.  Commercial banks were selling the dollar to customers at 18,495 dong per dollar, the maximum...

Tags: Dong Per, Dong Per Dollar, Per Dollar, State Bank, The Black Market, The Dollar, The State, The State Bank, To Purchase Dollars