The law is needed to replace 'Resolution 42', which enabled the transparent sale of bad debts and collateral, but is due to expire next year.
October 12, 2021The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.
September 21, 2021The SBV is allowing lenders to extend the repayment term for customers by six months more months and granting more time for overdue debts to be restructured.
September 16, 2021Vietnam's strategy on digitising the local government includes directions for the SBV to pilot the use of a digital currency.
July 18, 2021The platform will be set up and operated by Vietnam Asset Management Company, the government’s debt management arm.
July 8, 2021The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.
April 3, 2021Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
November 21, 2020Vietnam’s banking sector must take radical steps to adopt international capital rules, reporting requirements and trading practices, says Francois Denimal at FIS.
June 9, 2020About 11% of total outstanding loans in the banking system are estimated to not be paid as scheduled due to the coronavirus pandemic.
April 6, 2020The central bank has directed banks to restructure repayment periods, cut interest rates, waive fees and maintain debt classifications to support borrowers.
March 19, 2020