Chủ đề: State Bank of Vietnam

A draft Circular on conditions for foreign loans to enterprises not guaranteed by the government, which the State Bank of Vietnam (SBV) consulted on, will introduce regulations to prevent such loans pouring into securities and real estate. Enterprises will also not be permitted to borrow foreign capital for repaying short-term debts.

Data from the State Bank of Vietnam (SBV), which consists of bad debt ratios, credit growth rates, international balance of payments, and foreign currency market movements, will be updated regularly on its website.

The State Bank of Vietnam (SBV) is implementing solutions to create favorable conditions for businesses and individuals to access bank credit and has set out three goals on monetary policy management in 2022. Interest rates will be adjusted in line with the macro balance, inflation, market movements, and monetary policy objectives, and the network of credit institutions will be restructured in association with bad debt settlement.

Twenty-seven administrative procedures in six business lines under the management of the State Bank of Vietnam (SBV) are to be simplified. Six procedures are related to business activities and the provision of foreign exchange services by organizations that are not credit institutions.

The State Bank of Vietnam (SBV) has released a draft regulation on the debt trading and purchase activities of credit institutions and foreign bank branches. The new regulations ensure transparent and substantive debt purchases and prevent abuse of debt trading and purchase to hide bad debts.

In Resolution No. 88/NQ-CP from the online government meeting with localities on the socio-economic situation in July and the first seven months of 2021, the government requested that banks pay attention to providing small loans to customers affected by the pandemic.

The State Bank of Vietnam (SBV)’s Transaction Office adjusted the list price to buy USD on August 11 by a level not seen in recent years. In just over two months, the central bank has therefore sharply reduced the purchase price of foreign currencies twice.

The United States Trade Representative (USTR) has announced an official decision to not apply trade adjustment measures to Vietnam. The reason is the recent agreement between the US Department of Finance and the State Bank of Vietnam (SBV), in which the SBV provided satisfactory solutions to an investigation of Vietnam’s monetary policy under Section 301 of the US Trade Act of 1974.