Chủ đề: the State Bank

The State Bank of Vietnam (SBV) has net injected VND3.3 trillion ($143.77 million) into the market to support system liquidity given its inadequacy as payment needs grow with Vietnam reopening to tourism.

Once the pandemic is brought under control, credit demand will increase and it is likely that the State Bank of Vietnam will provide more credit space to commercial banks.

The Vietnam dong (VND) is one of the few currencies to have appreciated against the USD since the beginning of the year, showing that the State Bank of Vietnam (SBV) has respected market regulation because the country is heavily dependent on exports and FDI capital.

Given that Vietnam is no longer being labeled a “currency manipulator” by the US, the State Bank of Vietnam (SBV) will actively buy foreign currencies in the time to come, after being cautious in the first seven months of the year. This will help it have more room to implement policies in support of businesses.

Covid-19 has had an impact on bank loans, with a number of regulations from the State Bank of Vietnam relating to debt structure no longer being appropriate. Banks have therefore made a number of proposals and recommendations to address the problems they face.