Central bank puts brake on ATM withdrawal charges

Central bank puts brake on ATM withdrawal charges

As several local lenders planned to raise fees for cash withdrawals at ATMs, the State Bank of Vietnam put brake on the fee hike, the central bank confirmed the news yesterday.
Illustrative Image (Source: Internet)

Indonesia tightens bitcoin use

 Indonesian authorities are investigating the use of bitcoin on the resort island of Bali after the central bank gave warnings on risks posed by virtual currencies.
Vietnam’s market will have over 300,000 card readers installed at POSs to process around 200 million transactions per year.(Photo: cafef.vn)

Central bank issues plan to develop card payment

The State Bank of Vietnam (SBV) has issued a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020.
llustrative photo (Photo: VNA)

Government urges mobilisation of idle gold

The Government Office last week sent a written document to the central bank governor, referring to the mobilisation of idle gold and foreign currency sources from the people.
The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period. (Photo: vietcombank.com.vn)

SBV prepares bad debt settlement plan

The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.
 
Headquarters of the State Bank of Vietnam in Hanoi (Photo: SBV)

Central bank mulls term deposits for foreigners

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Vietnam to make term deposits in both VND and foreign currencies.
Central Bank reports strong credit growth in first quarter

Central Bank reports strong credit growth in first quarter

Unlike the trend in recent years, the banking system this year saw strong credit growth hitting 3.14 percent as of March 23 compared to the end of 2016, reported the State Bank of Vietnam (SBV) on Wednesday.