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Official Gazette

Thursday, October 28, 2021
Tags: SBV
Firms await new bank incentive policies Firms await new bank incentive policies
The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in the COVID-19 pandemic.
SBV issues new decision on interest rates of required reserve deposits SBV issues new decision on interest rates of required reserve deposits
The State Bank of Vietnam has issued a Decision 1349/QD-NHNN on interest rates applicable to reserve requirement deposits and excess reserves of credit institutions and foreign banks’ branches in the SBV.
Vietnam welcomes US decision not to take trade action against Vietnam
Vietnam welcomes US decision not to take trade action against Vietnam
Vietnam welcomes the decision of the United States Trade Representative on July 23 not to take trade action against Vietnam in connection with the investigation into Vietnam’s currency policy, Foreign Ministry spokesperson Le Thi Thu Hang said on July 24.
Plan on digital transformation of banking sector by 2025 approved Plan on digital transformation of banking sector by 2025 approved
With a view to comprehensively renovating the management mechanism of the State Bank of Vietnam (SBV) toward modernity based on effective application and utilization of achievements of the fourth industrial revolution, the SBV on May 11 approved a plan on digital transformation of the banking sector by 2025, with a vision toward 2030.
Central bank revises regulations on forex transactions Central bank revises regulations on forex transactions
Foreign investors who have invested in government bonds issued in Vietnam dong could execute foreign exchange forward transactions with licensed credit institutions to hedge exchange rate risks, according to a draft circular recently released by the State Bank of Vietnam.
PM requests economic stimulation inflation control PM requests economic stimulation, inflation control
Prime Minister Nguyen Xuan Phuc has called for the continued study of fiscal and monetary policies to stimulate the country’s economy while ensuring macro-economic stability and inflation control.
Central bank to adjust monetary policies to weather pandemic Central bank to adjust monetary policies to weather pandemic
The State Bank of Vietnam announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
Central bank to pilot fintech operations Central bank to pilot fintech operations
The State Bank of Vietnam is planning to apply on a pilot basis a regulatory sandbox allowing fintech companies to provide some banking services from 2021.
Vietnam wishes to further promote cashless payment Vietnam wishes to further promote cashless payment
The first “Cashless Day” of Vietnam was held on June 16 with a series of events designed to encourage non-cash payment in the country.
Central bank allows eKYC for online opening of payment accounts Central bank allows eKYC for online opening of payment accounts
Banks may apply an electronic Know-your-Client (eKYC) process to open payment accounts, instead of the traditional face-to-face one.

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