#State Bank of Vietnam

The State Bank of Vietnam (SBV) has moved to tighten oversight of artificial intelligence (AI) in the banking sector, requiring lenders and e-wallet providers to notify customers in advance when AI systems are used to interact directly with them.

The Ministry of Public Security (MPS) and the State Bank of Vietnam (SBV) organized a ceremony to sign a coordination regulation between the two agencies in protecting security and safety for the banking sector as well as monetary and banking security, on November 26th, in Hanoi.

The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.

The Ministry of Public Security and the State Bank of Vietnam signed a coordination plan to implement the Project "Enhancing the application of population, identification and authentication data for national digital transformation in the period of 2022-2025, with a vision to 2030” (Project 06), on the afternoon of April 24, in Hanoi. 

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to study and carry out pilot implementation of cryptocurrency based on blockchain technology in the 2021-23 period.

The State Bank of Vietnam set the daily reference exchange rate at 23,170 VND/USD on January 22, up 12 VND from the previous day.

Credit has been provided for production and business activities and the priority fields while loans for high-risk areas have been further tightened so far this year, the State Bank of Vietnam (SBV) reported.

Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.

The State Bank of Vietnam (SBV) said the official interest rates will be adjusted down as from September 16.

As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.

Prime Minister Nguyen Xuan Phuc was appreciative of the US company’s presence in Vietnam over the last two decades, as well as its close coordination with the State Bank of Vietnam (SBV) and other Vietnamese partners.

The State Bank of Vietnam set the daily reference exchange rate on March 6 at 22,940 VND per USD, up 2 VND from the previous day (March 5). 

A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Vietnam (SBV) survey released recently.

The State Bank of Vietnam (SBV) has set the 2019 credit State Bank of Vietnam growth target
equivalent to the previous year at about 14%, according to SBV Deputy Governor Nguyen Thi Hong.

PSNews - The Ho Chi Minh City Municipal People Court of first instance opened a trial on June 25 of former Deputy Governor of the State Bank of Vietnam, who is accused of lacking responsibility and causing serious consequences to the Vietnam Construction Joint Stock Commercial Bank.

The National Payment Corporation of Vietnam (NAPAS) recently completed the building of a standard set for domestic cards, according to State Bank of Vietnam (SBV).

Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions.