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State Bank of Vietnam (SBV) requires banks to strengthen confidentiality of customer information

On November 9, 2018, the State Bank of Vietnam (SBV) issued Circular No. 8511 / NHNN-TT on strengthening the confidentiality of customer information following customers’ credit card transaction information leaks in Mobile World group. 

Ensuring security and safety in card payment

In addition to risk management and control, close instructions of the State Bank of Vietnam (SBV), compliance, close coordination of related parties such as card issuers, card payment organizations and card merchants, cardholders (customers)’ vigilance is also highly important.

Higher debt recovery rates reduces bad debts ratio.

Dr. Nguyen Duc Kien – Vice Chairman of the Economic Department, the National Assembly (NA), deputy of the Soc Trang NA Delegation made his point at the group discussion on socio-economic issues this morning (22/5).

The State Bank of Vietnam has more tools to control cash flows

The fluctuations of Interest rates and the exchange ratehave beenunder the control of the State Bank of Vietnam (SBV), which would allow SBV to carry out the policy of transferring State Treasury’s deposits from commercial banks to SBV.

Financial services have yet to reach out to many Vietnamese people

In Vietnam, most poor people have no access to many mobile banking services

Mobile banking: narrowing distance, minimizing costs

Over the world, there have been various successful models of mobile banking/ digital banking service. In Vietnam, this kind of modern financial service has recently been applied in order to improve financial inclusion for people in rural and remote areas.

Deposit insurance policy – Local opinions

Deposit insurance policy has been officially implemented in Vietnam for nearly two decades. In particular, the promulgation of the Law on Deposit Insurance in 2012 has strengthened the legal basis and increased the efficiency of depositor protection, whichhas contributed to maintaining the stability of the credit institution system, ensuring the safe and healthy development of banking operations. The reporter reviews and summarizes feedback from the public all over the country on this policy.

For the best realization of the role and mission of deposit insurance scheme

At the moment, the Government and the State Bank of Vietnam (SBV) are actively implementing the Scheme of “Restructuring the system of credit institutions (CIs) associated with the settlement of non-performing loans (NPLs) for the period 2016-2020, in which the role of the Deposit Insurance of Vietnam (DIV) in resolving weak small-sized CIs is specified with more importance, aiming to better protect legitimate rights and interests of depositors, contributing to the stability of CIs, ensuring the safety of banking system, thus ensuring socio-economic stability.

Improving financial literacy in Vietnam

The financial literacy programs in Vietnamare relatively limited. Most people are unable to make informedfinancial decisions for their own and their family’s benefits. Therefore, the government is striving to bring financial education to all people.


Supervising payment systems to ensure safety

The State Bank is drafting a circular on supervision of payment systems.

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