Tags Posts tagged with "State Bank of Vietnam"

State Bank of Vietnam

Three Vietnamese cities added to proposed ASEAN smart cities network

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Hanoi, Ho Chi Minh City and Da Nang in Vietnam will be part of the network of smart cities in the Association of Southeast...
Vietnam issues full ban on Bitcoin and all other cryptocurrencies

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While the value of the digital currency Bitcoin is going through the roof – 1 BTC on November 3 hit the $7,462-mark in day...
Vietnam gov’t changes course, legalises cryptocurrencies

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The Communist government of Vietnam has obviously warmed up to digital currencies, including Bitcoin, and is preparing to legalise them under a new plan...
Moody’s upgrades Vietnam to B1; outlook stable

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Rating agency Moody's Investors Service raised Vietnam's credit rating for the first time in nearly two years on July 29 to B1 with a...
Vietnam central bank expects credit to double this year

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Lending by Vietnam banks will rise more than 10 per cent this year as credit growth typically quickens in the second half, the country's...
Vietnam GDP growth accelerates after dong devaluation

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Vietnam's economic growth quickened in the second quarter as the outlook for exports improved after the dong was devalued for the first time in...
Vietnam cuts dong rate to US dollar by 1%

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The State Bank of Vietnam (SBV) on June 18 announced the decision to adjust the exchange rate between the Vietnam dong and the US...
Vietnam to expand sea-borne economy

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Vietnam is considering a new strategy to develop a sea-borne economy to help foster economic growth, create more jobs and ensure territorial security. The...
Vietnam’s public debt may rise to nearly 100% of GDP

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Experts once again warned about the financial security of Vietnam after the recent massive issuance of bonds. Speaking at the Spring Economic Forum which...
New Vietnam Bitcoin company declared illegal

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Vietnam's Ministry of Industry and Trade (MoIT) has warned the first online Vietnam Bitcoin Trading Centre (VBTC) is illegal and all of its trading...
Vietnam bans use of Bitcoin

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The government and the State Bank of Vietnam do not recognise Bitcoin as a means of payment in the territories of Vietnam, a release...
Bad debt in Vietnam seen at 15% of loans

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Rating agency Moody's in a new report on Vietnam said that the country's non-performing loan (NLP) ratio is much higher than the official figure...
Foreign investors optimistic on Vietnam’s 2014 outlook

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A conference intended to provoke recommendations for the economic and monetary policies for the 2014 – 2015 period in Hanoi on November 18 heard...
Vietnam’s bad debts rise to $7.24 billion

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Bad debts in Vietnamese banks accounted for 4.64 per cent of total loans by the end of August, up from 4.58 per cent the...
Vietnam plans to tighten foreign exchange rules

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Vietnam reportedly plans to set up a new regulation under which foreign residents can no longer deposit foreign currencies at banks in Vietnam. The State...
Vietnam stocks expected to rise 10% by year-end

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Vietnam's stock index VN Index is poised to rally about 10 per cent by year-end as inflation slows and exports grow, according to the...
Vietnam says it cleared $4b of bad debt

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Vietnam's banking sector has cleaned up $4.02 billion worth bad debts since the end of 2012, bringing the debt ratio down to 4.68 per...
Vietnam’s bad debt shrinking

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The bad debt ratio in Vietnam’s banking system eased for a second straight month in June and was 4.46 per cent of the total...