Strengthening the role of deposit insurers in protecting financial consumers
Financial consumer protection is one of the important tools to increase people's access to finance, and at the same time to ensure the legitimate interests of financial consumers as well as...
26/11/2021
SBV promulgates Directive 01 on the implementation of key tasks of banking sector in 2021
On January 7, 2019, the Governor of the State Bank of Vietnam (SBV) issued Directive No. 01/CT-NHNN requesting the entire banking sector to implement the key tasks in 2021. This Directive took effect from the date of signing.
29/01/2021
10 outstanding events of the banking sector in 2020
2020 is a difficult year for the economy, when the outbreak of the COVID-19 epidemic has stagnated production and business activities as well as decreased the economic growth.
29/01/2021
Deposit insurance policy – Local opinions
Deposit insurance policy has been officially implemented in Vietnam for nearly two decades. In particular, the promotion of the Law on Deposit Insurance in 2012 has strengthened the legal basis and increased the efficiency of depositor protection,...
14/08/2018
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, ...
13/08/2018
Improving financial literacy in Vietnam
The financial literacy programs in Vietnam are relatively limited. Most people are unable to make informed financial decisions for their own and their family's benefits. Therefore, the government is promoting to bring financial education to all people.
16/07/2018
Supervising payment systems to ensure safety
The State Bank is drafting a circular on supervision of payment systems.
16/07/2018
VAMC proposes 6 settlement measure groups for promoting bad debts
According to Mr. Doan Van Thang, General Director of the Vietnam Asset Management Company (VAMC), in 2018 VAMC set a goal of purchasing bad debts by issuing special bonds at a value of roughly 27 to 32 thousand billion dong, purchasing debts of...
12/07/2018
Credit extension is under tight control
The National Financial Supervisory Commission (NFSC) noted that due to bigger inflation pressure in 2018 than in 2017, the interest rate reduction might face more challenges. The monetary policy regulation should thus be more flexible and proactive for keeping rates stable …
12/07/2018