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Moody's review of Vietnam's Ba3 rating improper: Finance Ministry

The Vietnamese Ministry of Finance (MoF) on Thursday said Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.

Digital transformation in banking is inevitable in context of Industry 4.0

Within the framework of the Industry 4.0 Summit 2019 held in Hanoi on October 2-3, 2019, on the afternoon of October 2, 2019, a Conference Session themed Smart Banking: “Accelerating digital transformation in banking”. The Session was under the co-chairmanship of Mr. Nguyen Hong Son, Deputy Chairman of the Central Economic Commission (CEC) and Deputy Governor Nguyen Kim Anh of the State Bank of Vietnam (SBV).

Industry 4.0 Summit: Policy and Action Plan to participate in Fourth Industrial Revolution

On October 2-3, 2019 in Ha Noi, the Central Economic Commission, in collaboration with the State Bank of Vietnam (SBV), the Ministry of Planning and Investment (MPI), the Ministry of Information and Communications (MIC), the Ministry of Science and Technology (MOST), the Ministry of Industry and Trade (MOIT),… as well as the Vietnam Automation Association (VAA) and the Vietnam Digital Communication Association (VDCA), organized the Industry 4.0 Summit & Expo 2019. H.E. Mr. Nguyen Van Binh, Member of the Politburo and Chairman of the Central Economic Commission, chaired this Summit.

SBV and WB sign Financing Agreement for “Vietnam: Strengthening Banking Sector Soundness and Development Project”

On October 1, 2019 in Hanoi, the State Bank of Vietnam (SBV) and the World Bank (WB) signed a financing agreement for a grant worth US$2.2 million provided by the Swiss Government to implement the “Vietnam: Strengthening Banking Sector Soundness and Development Project”.

Results of monetary policy management and banking performance after nine months of 2019

On October 1, 2019, the State Bank of Vietnam (SBV) organized a press conference to disseminate information on the results of the monetary policy management and the banking operations after 9 months of 2019. Deputy Governor Dao Minh Tu chaired the conference.

Bringing financial literacy to investors

Financial literacy remains low in Việt Nam and so improving financial education and literacy is imperative to help the public make wise investment decisions and manage potential risks, an event heard in HCM City on Monday.

 

Continuing to institutionalize non-cash payments to make a step forward for the economy

On September 24, 2019, the State Bank of Vietnam (SBV) held a meeting of the Drafting Team and the Editorial Group for the development a Decree to replace Decree No. 101/2012/ND-CP on non-cash payments. SBV Deputy Governor Nguyen Kim Anh – Head of the Drafting Team chaired meeting.

Women’s economic empowerment through financial inclusion innovations

On September 26, 2019, the Asian Financial Inclusion Symposium with the theme of “Women’s economic empowerment through inclusive financial innovations” was organized in Hanoi under the chairmanship of Deputy Governor Nguyen Kim Anh of the State Bank of Vietnam (SBV).

Financial stability is a prerequisite for macro-economic stability

On September 13, 2019, on the framework of the TA Project of “Enhancing the Development and Soundness of the Banking Sector in Vietnam”, a Workshop on “International experience in financial stability and Implementations in Vietnam” was co-organized by the World Bank (WB) mission, the Swiss State Secretariat for Economic Affairs (SECO) and the State Bank of Vietnam (SBV).

Banking sector ready to work with healthcare in promoting non-cash payment

In order to promote non-cash payments in the healthcare areas in line with Resolution No. 02/NQ-CP and Decision No. 241/QD-TTg of the Government, over the past time, the State Bank of Vietnam (SBV) has proactively acquired information on the practical situtations and closely coordinated with the Ministry of Health, and directed commercial banks and intermediary payment service providers to supply products, services and payment solutions which are suitable to the IT infrastructure and the specific features of the healthcare sector.

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