Many local banks are wading through troubled waters as they strive to comply with personal data protection regulations, navigating the delicate balance between privacy rights, regulatory compliance, and cybersecurity.
(Bloomberg) A month or so ago, Vietnam’s central bankers were rushing to ease monetary policy, sometimes within hours of the political leadership asking for an interest-rate cut. Not anymore. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUPS Union Asks Biden Not to Intervene in Case of
HANOI: The State Bank of Vietnam (SBV) is granting the first credit growth quotas in 2023 to a number of banks, with a majority of them receiving lower rates than last year.
Nguyen Thi Hong, the governor of the State Bank of Vietnam (SBV), is directing banks to continually reduce input costs with an aim to cut loan interest rates.