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Category: VietnamSubscribe via RSS Feed

PM: Public debt remains within limit

31-Oct-2014 Intellasia | Dtinews | 6:00 AM

Prime minister Nguyen Tan Dung announced that public debt remains below the safety limit of 65 percent of gross domestic product (GDP), and will sink to 60.2 percent by 2020. [...]
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Bad debts are falling, says SBV deputy governor

31-Oct-2014 Intellasia | Bizhub | 6:00 AM

The Vietnam Asset Management Company (VAMC) has gained a profit of VND380 billion, or $18.10 million, from bad debt processing. VAMC Chair Nguyen Quoc Hung made the [...]
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Credit growth in 2014 can not exceed 10pct despite lowered interest rates: HSBC

31-Oct-2014 Intellasia | DVO | 6:00 AM

HSBC says that the move to lower deposit rate cap in dong from October 29 by the State Bank of Vietnam (SBV) is part of the measure to stimulate credit growth in order to [...]
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VIETNAM PRESS-Vietnam’s annual lending seen up 10 pct y/y, HSBC says

31-Oct-2014 Intellasia | Vietnam Economic Times | 6:00 AM

Lending in Vietnam could accelerate in the last months of 2014 after the central bank cut key rates, but full-year credit growth would be at 10 percent, below expectations, [...]
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Interest rate cut means decline in banks’ profits this year

31-Oct-2014 Intellasia | Infonet | 6:00 AM

At the press conference on October 28, deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong conveyed the “summons” of the Governor to state-owned [...]
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VMAC purchases 95tr dong bad debts

31-Oct-2014 Intellasia | Infonet | 6:00 AM

As per Nguyen Quoc Hung, chair of Vietnam Asset Management Company (VAMC), so far the company acquired 95 trillion dong bad debts at purchase price of 78 trillion dong. [...]
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Bad debt ratio to fall to below 3pct in 2015: governor

31-Oct-2014 Intellasia | VOV | 6:00 AM

The bad debt ratio will fall to below 3 percent in 2015 as planned, the State Bank of Vietnam (SBV)’s governor Nguyen Van Binh affirmed at the regular cabinet meeting [...]
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Banks simultaneously slash interest rates from October 29

31-Oct-2014 Intellasia | NDH | 6:00 AM

After the State Bank of Vietnam (SBV)’s decision to cut the interest rate cap, from morning, October 29, the interest rate and fee benchmark at some banks has been [...]
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Swiss banks interested in Vietnam’s financial market

31-Oct-2014 Intellasia | Vietnamplus | 6:00 AM

The Swiss government has decided to negotiate with its partner countries about the automatically account information exchange programme with the ability to unload the strict [...]
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PVCombank’s 9-month profit exceeds 5pct of plan

31-Oct-2014 Intellasia | Dau Tu Chung Khoan | 6:00 AM

One year after the restructuring with many challenges, Vietnam Public Joint Stock Commercial Bank (PVcomBank) has stabilised its operation and reached the adequacy financial [...]
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Vietnam organises road shows to issue international bonds

31-Oct-2014 Intellasia | DVO | 6:00 AM

As per the announcement of HSBC Vietnam, the Ministry of Finance has authorised banks including Deutsche Bank, HSBC and Standard Chartered to organise the introduction [...]
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Vietnamese global roadshow to issue $1b bonds

31-Oct-2014 Intellasia | Bizhub | 6:00 AM

Vietnam has mandated Deutsche Bank, HSBC and Standard Chartered to arrange a sovereign bond roadshow after a four-year break, according to the globalcapital.com website. [...]
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Agribank offers short-term loans at 7pct per year

31-Oct-2014 Intellasia | Nong Nghiep | 6:00 AM

On October 28, Vietnam Bank for Agricultural and Rural Development (Agribank) issued a document on new interest rate regulations applicable at all transaction locations [...]
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ANZ Vietnam Bank officially joins state budget collection

31-Oct-2014 Intellasia | DVO | 6:00 AM

General Department of Vietnam Customs has issued a Dispatch No 12932/TCHQ-TXNK dated October 24, 2014 allowing ANZ Vietnam One-member Ltd Bank to participate in the state [...]
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IFC official touts private sector benefits

31-Oct-2014 Intellasia | Bizhub | 6:00 AM

Vietnam should take further steps to equitise State-owned enterprises (SOEs) and create ideal conditions for the private sector to flourish, according to Vivek Pathak, the [...]
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