The State Bank of Vietnam (SBV) on January 14 signed a contract with the Earnst and Young Company to provide consultancy and technical assistance to modernize the SBV. The US$5-million contract, which is part of a project sponsored by the World Bank (WB) and the Japanese Government, aims to develop the information technology capacity to [...]
Denying the possibility of a tightened monetary policy, State Bank of Vietnam (SBV) Governor Nguyen Van Giau, in an interview with VnExpress, has also threatened to discipline commercial banks acting contrary to the Government’s instructions to ease interest rates. VnExpress: Many financial experts believe that SBV should lessen its grip on the capital inflow and [...]
Whether the central bank should continue to have authority to set the nation’s prime lending rate was debated by National Assembly deputies here yesterday morning, as lawmakers eyed the draft Law on the State Bank of Viet Nam. Deputies divided into two groups of opinions, with the first agreeing with provisions in the draft law [...]
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