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Central bank resumes dollar purchases to build up foreign reserve

The State Bank of Việt Nam (SBV) has resumed the purchase of US dollars from commercial banks after a six month break thanks to favourable conditions in the country’s foreign exchange market.

 

Central bank issues roadmap for ATM card upgrades

Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this yea [ … ]

   

Large banks concerned about raising capital

Large banks concerned about raising capital, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

State-owned banks are struggling to raise capital to improve their capital adequacy ratio (CAR) in line with Basel II requirements.

   

Central Bank saves billions by stopping cash-press at Lunar New Year

Central Bank saves billions by stopping cash-press at Lunar New Year, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking n

The state budget will save hundreds of billions of VND thanks to the State Bank of Vietnam's (SBV) policy of not issuing fresh banknotes with the value lower than VND10,000 in the 2019 Lunar [ … ]

   

Two customers lose $7.4 million from VietABank savings books

Two customers lose $7.4 million from VietABank savings books, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Two customers of Vietnam Asia Commercial Joint Stock Bank (VietABank) in Hanoi have just discovered the disappearance of VND170 billion ($7.4 million) from their savings books.

   

Why SBV keeps đồng weak against US dollar

On December 11 the State Bank of Việt Nam reduced the value of the đồng against the US dollar by VNĐ9 from the previous day to VNĐ22,775 (US$1).

   

Cash withdrawal limit in foreign countries set at VNĐ30 million

Commercial banks have to adjust the limit of cash withdrawals in foreign currency abroad to the maximum equivalent of VNĐ30 million (US$1,280) per day for international credit and debit card [ … ]

   

Banks must warn customers about ATM theft

The State Bank of Việt Nam (SBV) issued a new circular requiring commercial banks to regularly update customers on the theft of money from ATMs, ensuring smooth ATM operations and preventing [ … ]

   

PM asks for prevention of illegal banknote exchanges

Prime Minister Nguyễn Xuân Phúc has asked the State Bank of Việt Nam to step up its management to ensure the reasonable use of small banknotes as Tết (Lunar New Year) holidays appr [ … ]

   

SBV Centre issues first dollar-buying rate hike since Feb 2018

The State Bank of Việt Nam (SBV)’s Operations Centre has decided to adjust the reference exchange rate of the Vietnamese đồng against the US dollar for the first tim [ … ]

   

Foreign currency lending extended into 2019

The State Bank of Việt Nam (SBV) has issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cut [ … ]

   

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