Typhoon Damrey causes complete loss to 25,957 seafood farming rafts. In the photo are fish rafts in the lower reaches of the Bo River, Thua Thien-Hue province (Photo: SGGP)

Loan payment extension for flood stricken central provinces

The State Bank of Vietnam (SBV) has required banks to extend loan payment deadline, consider interest rate exemption and provide new loans for residents in the central region, where Typhoon Damrey and subsequent flooding have killed 91 and left 23 missing.
 
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.
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.
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.
US dollar deposit rate increase will help banks attract foreign currency, according to experts (Photo: SGGP)

US dollar deposit rate should be increased: experts

The State Bank of Vietnam (SBV) should increase US dollar reward rates, kept at 0 percent for the last one year, to suit world market changes, attract foreign currency for economic development and prevent the source from running abroad.