The State Bank

Economist Nguyen Dai Lai urges drastic measures to fight what he believes to be the germ of high inflation. Lai is the Deputy Director of the State Bank’s Banking Strategy Department.  He told Tien Phong reporters that Vietnam ought to follow very strict administrative measures to fight inflation.  He suggests formation of...

Tags: Currency Reserve Fund, Foreign Currencies, Foreign Currency, Foreign Currency Reserve, Foreign Currency Reserve Fund, In Foreign Currencies, National Foreign Currency, National Foreign Currency Reserve, The Dong, The Local Currency, The State Bank, Tien Phong

VietNamNet Bridge – Gold companies are complaining that they have not been allowed to import gold, despite applying to sometime ago. On February 5, 2010, the State Bank intervened in the gold market by requesting Saigon Jewelry Company (SJC) sell gold to the market. SJC also became the only company which was granted a quota to import...

Tags: Domestic Price, Dong Per, Dong Per Tael, Higher Than The, Higher Than The World, Import Gold, Per Tael, Stabilize The Market, Than The World, The Domestic, The Domestic Price, The Market, The State Bank, The World, To Help Stabilize, To Import Gold

Many factors have been cited by experts as the main reasons why they believe we can expect high inflation in 2010. Head of the Price and Market Research Institute under the Ministry of Finance Nguyen Dinh Anh, in the interview given to Tien phong, said that it would be incredible if Vietnam can curb the inflation rate at seven percent in 2010...

Tags: The State Bank

VnnNews - Governor of the State Bank Nguyen Giau shares his thoughts about what was done and will be done by the ‘powerful’ bank. Governor of the State Bank Nguyen Van GiauThoi bao Kinh te Vietnam: The short term interest rate subsidy package was the most important decision in 2009. Could you please tell us about how the decision...

Tags: Exchange Rate, Growth Rate, Interest Rate, The Exchange Rate, The State, The 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

Qantas remains confident in Jetstar Pacific; Banks ordered to raise charter capital this year; Vietsovpetro saves money after expanding fleet   Big C The Garden supermarket will be inaugurated in Tu Liem district, Hanoi on Jan. 19.  The supermarket, the 10 th of its kind in the Big C supermarket chain in Vietnam and the second...

Tags: Charter Capital, Last Year, Million Usd, The State Bank, This Year, Trillion Vnd, Vung Tau

VnnNews – The dollar price, both the exchange rate quoted by commercial banks and the price on black market, has been decreasing after efforts by government agencies to stabilize the forex market. The State Bank of Vietnam announced the interbank exchange rate of 17,941 dong per dollar for January 12, a rate which has been stable since...

Tags: Commercial Banks, Dong Per, Dong Per Dollar, Per Dollar, The Dollar, The State Bank

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