SBV attempting to boost credit access
Banking & Finance

SBV attempting to boost credit access

The State Bank of Vietnam (SBV) is implementing solutions to create favorable conditions for businesses and individuals to access bank credit and has set out three goals on monetary policy management in 2022. Interest rates will be adjusted in line with the macro balance, inflation, market movements, and monetary policy objectives, and the network of credit institutions will be restructured in association with bad debt settlement.
Banking & Finance

SBV continually loosening banking system liquidity

Liquidity in the banking system from November 22 to November 26 was continually supported by the volume of VND supplied by the State Bank of Vietnam (SBV) from forward trade purchases. Buying foreign currency to supplement the liquidity of the VND, loosening the credit space, and reducing the ratio of short-term capital for medium and long-term loans are rare activities in monetary easing policy from the SBV.