Hanoi (VNA) – The State Bank of Vietnam (SBV) recently issued Document No. 4393/NHNN-CSTT demandinꦜg monthly r🎃eports on lending interest rate in VND.
The SBV asked foreign credit institutions and commercial banks to build plans and implement measures to decrease lending interest rate in VND in accordance with Circular No. 04/CT-NHNN issued on May 27 by the SBV Governor.
On the 20 th day of each month starting from June, foreign credit institutions and commercial banks must report on the situation relating to borrowing and lending interest rates in VND.
Under Circular 04/CT-NHNN on regulating the operations of the banking system from now until the end of the year, SBV Governor Le Minh Hung said relevant agencies must closely monitor the movements of the macroeconomy, the monetary market and operations of credit institutions to take flexible measures aimed at assisting liquidity and capital sources for credit institutions.
Credit institutions must balance their capital mobilisation sources and lending to ensure liquidity. Credit growth rates must be controlled in accordance with capital mobilisation and lending quotas allocated by the central bank, to ensure safe credit growth and to help businesses with easier access to credit./.
Long-awaited amendments to Circular 36/2014/TT-NHNN regulating prudential ratios for the operations of credit institutions and foreign bank branches were officially issued on May 27.
The Government’s point of view in steering socio-economic affairs is to persistently pursue the goal of macro-economic stability to create foundations for sustainable development.
Export enterprises and commercial banks welcomed the State Bank of Vietnam (SBV)’s decision to allow credit institutions to resume provision of foreign currency loans two months after it was banned.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative photo (Source:VNA)
