Gov’t to renew regulations on gold market management

Gov’t to renew regulations on gold market management

Prime Minister Pham Minh Chinh has tasked the State Bank of Viet Nam (SBV) to work with relevant agencies to craft a new decree amending and supplementing Decree No. 24/2012/ND-CP dated April 3, 2012 on the management of gold trading activities.

U.S. affirms Viet Nam not manipulating currency

The U.S. Department of the Treasury has officially declared that Viet Nam does not manipulate currency in its latest report.

Credit institutions urged to cut lending rates by 1-2%

The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth.

Four state-owned commercial banks allowed to sell gold bullions from June 3

The State Bank of Viet Nam (SBV) decided to directly sell gold to four state-owned commercial banks from June 3 instead of organizing gold auctions, according to SBV Deputy Governor Pham Quang Dung.

Cashless payment on the rise in Viet Nam

Non-cash payment transactions increased by 63.3 percent in volume and 41.45 percent in value in January, compared to the same period last year, reported the State Bank of Viet Nam (SBV).
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