SBV

Update news SBV

Overseas remittances dip after Trump elected US president

VietNamNet Bridge - The estimated overseas remittance to Vietnam in 2016 is expected to be roughly $5 billion, or 10 percent lower than the forecast of $5.5 billion. 

Vietnam’s gold exports to Switzerland soar in 2016

VietNamNet Bridge - While exports of gold jewelry to the US, Belgium, France and Australia remain stable, exports to Switzerland have unexpectedly soared by 2,300 percent this year.

As US dollar price soars and yuan plummets, year-end threat looms

VietNamNet Bridge - The sharp appreciation of the US dollar after the news about the US election and the fall of the Chinese yuan to a 6-year low could create risks for Vietnam’s economy.

Banks cut back lending for property sector

 VietNamNet Bridge – The interest rates on medium- and long-term loans to the property sector have recently increased by 1-1.5 percentage points.

Foreign exchange market: bumpy ride in next few months

VietNamNet Bridge - The dong/dollar exchange rate unexpectedly fluctuated in late October with the official rate quoted on October 29 at VND22,045 per dollar, an increase of VND26 per dollar compared with one week before and VND96 with September. 

Exchange market peaceful, stable exchange rate beneficial to economy

VietNamNet Bridge - The exchange market has been more peaceful than ever in the last 10 months with excess liquidity, stable exchange rates and record-high foreign exchange reserves.

Overseas remittances: have they been used effectively?

VietNamNet Bridge - Many Viet Kieu (overseas Vietnamese) complain that it is difficult to make investments in Vietnam.

Bank mergers regain momentum

VietNamNet Bridge - It seems that the heyday of bank shares has returned as capital from domestic and foreign investors is flowing into the banking sector.

Banks want to sell stakes owned by state

VietNamNet Bridge - Experts believe that the state should not only sell its shares in 12 large corporations as instructed by the Prime Minister, but also sell shares in other enterprises, including commercial banks.

Businesses prefer issuing corporate bonds to borrowing from banks

VietNamNet Bridge - With reasonable interest rates, corporate bonds have become more attractive to businesses than bank loans.

BUSINESS IN BRIEF 1/9

Rice industry urged to change production custom; VN targets $3.5b worth rice exports by 2020; General economic census across VN to be conducted from March 2017: PM

BUSINESS IN BRIEF 31/8

Thirteen car brands on show at VMS; VN urged to up competitiveness; Government-backed loans to be temporarily halted

Industrial development policy to take shape

A scheme on Vietnam’s industrial development policy is being completed to give a fresh boost to the industry two years after the Prime Minister signed two decisions approving the nation’s industrial development strategy. 

IFC commits to Vietnam by buying into TPBank

World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.

Businesses target individual investors when issuing corporate bonds

VietNamNet Bridge - Large conglomerates, when issuing corporate bonds, now tend to target individual investors instead of focusing on institutional investors, according to analysts.

The race for ‘seats’ at banks gets hot

VietNamNet Bridge - Big changes in key personnel in the banking sector are occurring as the bank restructuring process gears up.

What has SBV’s Governor done in 3 months on the ‘hot seat’?

VietNamNet Bridge - The Governor of the State Bank of Vietnam (SBV), Le Minh Hung, has been in office for only three months, but he has been active in regulating monetary policy.

VN Central Bank keeps eye on credit growth

 The State Bank of Vietnam (SBV) will closely watch credit growth and direct the credit flow into production in the remaining months of this year.

Increase in oil exploitation won’t help GDP: economists

VietNamNet Bridge - In the context of global oversupply and unstable oil prices, oil & gas exports must not be seen as the lifebuoy for the Vietnamese economy.

Bankers rush to make outward investments

VietNamNet Bridge - Vietnamese commercial banks have been taking cautious steps to exploit foreign markets in an effort to seek new business opportunities.