Recently, amidst the complex global economic landscape, the unofficial exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) has shown signs of volatility, diverging from the rates within the banking system. To proactively stabilize the foreign exchange market and minimize risks for banking operations, the State Bank of Vietnam (SBV) has consistently directed credit institutions to strictly adhere to legal regulations governing foreign exchange management in their service provision.
To enhance inter-agency coordination in state management, the SBV requests the Ministry of Public Security, Ministry of Industry and Trade, and the Government Inspectorate to:
Direct their functional units to inspect, monitor, and oversee foreign exchange activities of organizations and individuals within the economy. Promptly identify violations in foreign exchange management, particularly illegal currency trading and activities in the unofficial foreign exchange market. Implement measures to strictly enforce legal penalties for any violations, as required.
Additionally, collaborate in sharing information on cases and violations of foreign exchange regulations to enable the State Bank of Vietnam to promptly implement effective market management measures, ensuring the safety and stability of the banking system.
– 11:32 26/10/2025
Optimizing Depositor Protection and Ensuring Financial System Stability
Continuing the agenda of the 10th Session of the 15th National Assembly, on the morning of October 23rd at the National Assembly House, under the chairmanship of Vice Chairman of the National Assembly Vũ Hồng Thanh, the National Assembly heard the Presentation and Verification Report on the Draft Law on Deposit Insurance (amended).
What Will TPS Do with the Anticipated 3.6 Trillion VND from Its Share Offering?
With nearly VND 3.6 trillion raised from its IPO, TPS plans to allocate the funds towards securities brokerage, proprietary trading, and other strategic initiatives.
Why Can’t the State Bank of Vietnam Eliminate Credit Limits Yet?
Amidst the prevailing reliance on the banking sector to shoulder the burden of capital supply for the economy, unchecked credit growth risks resurrecting the detrimental consequences witnessed prior to 2011.
Central Bank Halts Real Estate Deposit Loans
Banks in Ho Chi Minh City and Dong Nai have been instructed to temporarily halt lending for real estate deposit payments until an official conclusion is reached.
Central Bank Injects Massive VND Liquidity into Banking System, Nearly 1/4 in 91-Day Term
Previously, OMO tenders primarily focused on maturities ranging from 7 to 28 days, meaning the SBV’s liquidity support to the banking system was short-term (under one month). However, with the 91-day tenor, these loans will not mature until late January 2026.
