SBV asked to report to PM on VND90 million fine for $100 note change

SBV asked to report to PM on VND90 million fine for $100 note change

Standing deputy Prime Minister Truong Hoa Binh yesterday required the State Bank of Vietnam (SBV) to report the legality and rationality of Can Tho city People’s Committee’s Decision to fine a man VND90 million (US$3,854) for selling a one hundred US dollar note to a jewelry shop.

Most commercial banks have raised interest rates on property loans because of soaring prices in the market. Photo nld.com.vn

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 per cent to investors in real estate as property prices continue to rise.


SBV commits to protecting legitimate rights of depositors

SBV commits to protecting legitimate rights of depositors

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu yesterday advised customers not to follow rumors and withdraw their money to prevent damage as the banking system is operating very well with only few banks still facing some problems.
 
VAMC buys nearly VND21 trillion deep debts

VAMC buys nearly VND21 trillion deep debts

Vietnam Asset Management Company (VAMC) purchased VND20,995 billion (US$924 million) of deep debts from credit institutions during the first nine months this year with the price of VND20,619 billion.
VPBank reduces 1% interest rate for businesses in five priority fields (Photo: SGGP)

Commercial banks lower loan rates after SBV’s reduction

After the State Bank of Vietnam (SBV) decided to cut short term loan interest rates by 0.5 percent and management interest rates by 0.25 percent from July 10, commercial banks have started lowering their rates.
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.