The Business Times

State Bank of Vietnam

ASEAN Business

Vietnam central bank vows to push growth, limiting credit risks

An employee counts Vietnamese 500,000 dong banknotes at a Vietnam Prosperity Joint Stock Commercial Bank (VPBank) branch in Ho Chi Minh City, Vietnam, on Tuesday, Feb. 18, 2025. Vietnam's parliament raised the economic growth target to at least 8% for 2025, setting the stage for Asia's growth star to achieve another stellar year even as the threat of US tariffs looms. Photographer: Maika Elan/Bloomberg
ASEAN Business

Vietnamese dong rises on intervention, yet remains Asean’s worst performer

The central bank will continue to manage the dong in a flexible manner and use monetary policy tools to keep the FX market stable, the State Bank of Vietnam deputy governor says.
Banking & Finance

Vietnam central bank readies measures to counter tariff impact

Truong My Lan has been working to pay back hundreds of millions in stolen bank funds, according to her lawyers.
ASEAN Business

Life sentence cut to 30 years in prison for Vietnam’s death-row property mogul Truong My Lan

In January, the State Bank of Vietnam announced the transfer of GPBank to VPBank and DongA Bank to HDBank.
ASEAN Business

Vietnam to allow 49% foreign ownership of some banks

The dong has slumped more than 4 per cent against the US dollar this year, on track for its worst annual performance since 2015.
ASEAN Business

Vietnam central bank ready to sell US dollars to keep exchange rate stable

The dong has slumped more than 4 per cent against the US dollar this year, on track for its worst annual performance since 2015.
ASEAN Business

Vietnam sets dong fix rate at record low amid US dollar strength

The capital injection is crucial for Vietcombank to have enough resources to support the Vietnam government’s policies.
ASEAN Business

Vietnam plans capital injection into Vietcombank to support policy goals

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