State Bank of Vietnam

Strengthening e-payments in Vietnam

2018 proved to be a fantastic year for the Vietnamese economy. Figures from the government showed that the socialist state’s gross domestic product (GDP) grew by 7.1 percent year on year in the first six months of 2018 – the fastest growth recorded since 2011. Vietnam’s impressive growth rate is expected to continue this year.As the Vietnamese economy continues to grow, consumption choices in the country have begun to change.

13 February 2019
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Vietnam's central bank confident of keeping currency stable

Vietnam’s central bank said record-high foreign reserves will enable it to keep the currency stable for the rest of the year as the government focuses on boosting growth in the Southeast Asian economy.With reserve levels at 45 billion dollars, “we are confident that we will be able to maintain the dong’s value,” in 2017, Nguyen Thi Hong, deputy governor of State Bank of Vietnam, said on the sidelines of a meeting in Hoi An on Saturday.

23 October 2017
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Stable Vietnam currency aids central bank in growth push

Vietnamese working abroad and sending money home will help keep the currency stable and enable the central bank to focus on supporting economic growth, a senior official said.Nguyen Hoang Minh, deputy head of the State Bank of Vietnam in Ho Chi Minh, said remittances to the city are forecast to rise 10 percent to 5.5 billion dollars this year, helping ensure enough supply of foreign currency.

26 September 2017
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