SBV » Page 5 » Vietnam News - Latest Updates and World Insights

SBV seen buying up to US$12 billion in 2023

HCMC – KB Securities Vietnam Joint Stock Company (KBSV) has forecast that the State Bank of Vietnam (SBV) might buy US$10-12 billion this year to shore up the country’s foreign reserves. The SBV, the nation’s central bank, bought around US$2 billion on January 11 and 13 when the dollar-dong

Central bank caps 2023 credit growth at 15%

HCMC – The State Bank of Vietnam (SBV) will cap credit growth at 14-15% this year to maintain macroeconomic stability and boost economic growth. Monetary policy is subject to change depending on specific market conditions, according to a recent directive of the SBV, the country’s central bank. The

A flexible forex policy

The dollar-dong exchange rate has regained stability after the U.S. Federal Reserve slowed its interest rate hikes. This has allowed the State Bank of Vietnam (SBV) to restart buying foreign currencies. What signals has the SBV sent? The SBV, on December 15, announced it would buy the U.S. dollar

Taking issue with interest rates

With banks joining an interest rate hiking race that may lead to economic uncertainties, it is high time to take measures to stabilize this vital macroeconomic issue. A non-beneficial race After the State Bank of Vietnam (SBV) lowered its policy rates twice in September and October, while the

What are implications of a weakening dollar?

The U.S. dollar has steadily dropped against the Vietnamese dong currency. This is good news given that the foreign exchange market normally comes under pressure from the huge year-end demand of importers for foreign currency. Are supply and demand equated? The State Bank of Vietnam (SBV), on

Commercial banks told to send weekly reports on interest rates

HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, has written to commercial banks ordering them to report on interest rate movements on a weekly basis. The SBV said banks would have to send reports on deposit and lending rates to the Monetary Policy Department prior to 11 a.m.

The situation is now different

The State Bank of Vietnam’s (SBV) recent decisions to hike key interest rates, widen the trading band of the Vietnamese dong, and actively engage in open market operations have significantly contributed to ensuring macroeconomic stability and easing inflationary pressure The effectiveness of

Why a wider trading band

The State Bank of Vietnam (SBV) on October 17, 2022 widened the trading band of the Vietnamese dong currency from 3% to 5% on either side of the central exchange rate, with immediate effect, amidst interest rate hikes by central banks around the world Another factor behind the scenes, however, was

Central bank urges compliance with forex rules

HCMC – The HCMC branch of the State Bank of Vietnam (SBV) has told local banks and foreign bank branches to strictly comply with foreign exchange regulations after the trading band of the Vietnamese dong currency was widened from 3% to 5% on either side of the central exchange rate. The central