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Official Gazette

Friday, January 27, 2023
Tags: the State Bank of Vietnam
Central bank improves legal framework for bank guarantee Central bank improves legal framework for bank guarantee
The State Bank of Vietnam (SBV) has recently released Circular 11/2022/TT-NHNN to improve the legal framework for bank guarantee to better suit international practices and comply with Vietnam’s relevant regulations such as the Law on Real Estate Business, Law on Investment, and Civil Code.
Higher foreign holding cap to be provided for banks acquiring weak ones Higher foreign holding cap to be provided for banks acquiring weak ones
The Government would decide on the foreign holding cap in credit institutions that acquire poorly performing banks under restructuring plans at the request of competent authorities which, however, would not exceed 49 percent of charter capital of the acquiring credit institutions.
PM asks banking sector to ensure legitimate interests of people businesses PM asks banking sector to ensure legitimate interests of people, businesses
Prime Minister Pham Minh Chinh on December 28 tasked the banking sector with ensuring monetary security and safety, as well as legitimate rights and interests of people, businesses and relevant subjects in 2023 and the following years.
MoF to strengthen the capital market MoF to strengthen the capital market
The Ministry of Finance is coordinating with ministries and agencies to assess the market situation to consider and submit to the Government amendments and supplements of a number of articles of the decree on offering and trading private placement corporate bonds in the domestic and foreign markets.
Top 10 significant events that shape Vietnam in 2022 Top 10 significant events that shape Vietnam in 2022
GDP growth faster than expected, border reopening, and fuel shortages in many localities are among the top 10 events that shaped Vietnam in 2022, as selected by Vietnam News Agency.
Central bank to raise credit limit banks slash interest rates Central bank to raise credit limit, banks slash interest rates
The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14 percent limit on December 5.
PM asks to foster macroeconomic management firm up confidence of people and businesses PM asks to foster macroeconomic management, firm up confidence of people and businesses
Prime Minister Pham Minh Chinh asked ministries and Government agencies to maintain flexible and effective policy responses to ensure macro-economic stability and strengthen the confidence of people and businesses amid growing challenges in both domestic and international markets.
Businesses urged to utilize resources to fulfill bond commitments Businesses urged to utilize resources to fulfill bond commitments
The Ministry of Finance has sent documents to bond issuers, asking them to utilize resources to fulfill their commitments to investors, said Deputy Minister Nguyen Duc Chi on solutions to difficulties in the corporate bond market at the Government's regular press conference in Hanoi on December 1.
Vietnam needs policy Vietnam needs policy agility despite strong economic recovery: WBery: WB Vietnam needs policy Vietnam needs policy agility despite strong economic recovery: WBery: WB
While Vietnam's economic recovery has remained strong, heightened uncertainties related to the slowing global economy, rising domestic inflation, and tightening global financial conditions warrant have heightened vigilance and policy agility, said the World Bank
US removes Vietnam from monetary manipulation monitoring list US removes Vietnam from monetary manipulation monitoring list
Vietnam has been removed from the US's monetary manipulation monitoring list. The State Bank of Vietnam said that the decision was announced in the US Department of the Treasury's Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US, which was released on November 10.

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