Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
The State Bank of Việt Nam (SBV) will not adjust upward credit growth limits for commercial banks, except in some special cases, for the rest of the year, SBV Governor Lê Minh Hưng said.
Prime Minister Nguyễn Xuân Phúc on Thursday chaired the first meeting of the National Steering Committee on restructuring the economy to work out the direction and solutions to refresh the country’s growth model for the next two years.
Commercial banks’ liquidity was good in the first half of this year thanks to the State Bank of Việt Nam’s (SBV) net injection of nearly VNĐ210 trillion (US$9.17 billion), the latest report from the National Financial Supervisory Commission showed.
The US$/VNĐ exchange rate yesterday cooled down in some large commercial banks after the State Bank of Việt Nam (SBV) said it will intervene to stabilise the market if necessary, contributing to keeping the macro-economy steady.
The State Bank of Việt Nam's net purchase of foreign currencies exceeded US$11 billion in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately $63.5 billion.
Government agencies and donors have joined hands to provide urgent assistance to people who have been affected by floods in the past several days.