State Bank of Vietnam

Vietnam central bank vows to push growth, limiting credit risks

The trade levies are putting upward pressure on inflation and adding pressure on the currency

The Vietnamese currency has depreciated by more than 3.2% against the greenback since the beginning of the year.

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

This follows the central bank’s move to sell US dollars via cancellable forward contracts

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.

Vietnam central bank readies measures to counter tariff impact

The Vietnamese dong has been under pressure in recent weeks, dropping to a record low in June

Truong My Lan said last week that her legal team and family have been working with a group of foreign partners to prepare resources and forge plans to repay her debts to investors and SCB within two to five years.

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

The tycoon’s death penalty for embezzlement is still upheld from a separate appeal trial last year

The new decree will go into effect May 19, and quicken the State Bank of Vietnam’s restructuring of troubled lenders.

Vietnam to allow 49% foreign ownership of some banks

Foreign investors cannot hold more than 30% of shares in banks that have government ownership of above 50%

Nguyen Thi Hong says the central bank will prioritise stability and inflation control.

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

VIETNAM’S central bank is ready to sell US dollars to the market to keep the exchange rate stable, governor Nguyen Thi Hong said on Monday (Nov 11).

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

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

VIETNAM set its reference rate for the dong at a record low, setting the stage for more weakness in the South-east Asian nation’s currency as the US dollar’s surge pummels emerging markets.

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

Vietnam plans capital injection into Vietcombank to support policy goals

VIETNAM is planning to inject 20.695 trillion (S$1.1 billion) of capital into state-owned commercial lender Vietcombank, the country’s biggest bank, to boost its capacity to support government policy,...