Latest news with #StateBankOfVietnam
Bloomberg
08-07-2025
- Business
- Bloomberg
Vietnam Central Bank Readies Measures to Counter Tariff Impact
Vietnam's central bank stands ready to take steps to curb inflation and support growth, as it warns about the impact of higher US tariffs on the economy and its currency. Risks in global markets are 'putting pressure on the management of monetary policy, exchange rates, and interest rates domestically, as well as on our efforts to achieve the 2025 economic growth target of 8% or higher,' State Bank of Vietnam Deputy Governor Pham Thanh Ha said at a briefing in Hanoi Tuesday.
Bloomberg
27-06-2025
- Business
- Bloomberg
Vietnam Passes Law to Tackle Bank Crisis, Resolving Bad Debts
Vietnam's parliament passed a revised law on credit institutions, bolstering the central bank's authority to ensure the safety of the banking system while offering long-awaited legal clarity for commercial lenders to resolve non-performing loans. Under the legislation, which was approved by the National Assembly Friday and takes effect from Oct. 15, the State Bank of Vietnam is authorized to provide special unsecured loans with zero lending rates to troubled banks - a power previously held by the Prime Minister.
