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The State Bank of Vietnam (SBV; Vietnamese: Ngân hàng Nhà nước Việt Nam) is the central bank of Vietnam. Organized a ministry-level body under the Government of Vietnam, it is the sole issuer of the national currency, the Vietnamese đồng. [3] As of 2024 it holds over USD 100 million in foreign exchange reserves. [2]
Banking in Vietnam started in 1976 with the State Bank Vietnam, which became the central bank of the country. Vietnam's banks suffer from low public confidence, regulatory and managerial weakness, high levels of non-performing loans (NPL), non-compliance with the Basel capital standards, and the absence of international auditing.
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. [1] In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.
A court in Vietnam on Monday jailed a former deputy governor of the central bank for three years, his lawyer said, the most senior banking official put on trial in the Southeast Asian nation amid ...
South Vietnam – National Bank of Vietnam (1954–1975) Kingdom of the Two Sicilies – Banco di Napoli , under different names from 1463 to final end of central banking role in 1926 [ 2 ] Grand Duchy of Tuscany – Banca di Firenze (1816–1893), renamed National Tuscan Bank [ it ] from 1857
A series of economic and political reforms launched in 1986, known as Đổi Mới, caused Vietnam to experience rapid economic growth and development, becoming a lower middle-income country. The World Bank (WB) has maintained a development partnership with Vietnam since 1993. As of 25 March 2019, it has committed a total of US$24 billion in ...
The Bank for International Settlements has urged top central banks not to squander the interest rate buffers they have rebuilt over the last couple of years by now cutting them again too rapidly.
March 27, 1968 (age 56) Cầu Giấy District, Hanoi. Political party. Communist Party of Vietnam. Education. National Economics University. Nguyễn Thị Hồng is Vietnamese economist, serving as the governor of the State Bank of Vietnam (SBV) since 2020. She is the first woman to hold this position.