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Category: FinanceSubscribe via RSS Feed

Credit growth rate might pose risks

20-Sep-2017 Intellasia | VIR | 6:00 AM

A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging [...]
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Reference exchange rate revised up

20-Sep-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate for VND/USD at 22,443 VND on September 19, up 4 VND from the previous day. With the current trading band of/- [...]
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Five banks to pilot 24/7 tax payment scheme shortly

20-Sep-2017 Intellasia | VNS | 6:00 AM

Five commercial banks have been selected to pilot a 24/7 e-tax payment scheme from November this year. Nguyen Thi Thanh Huong, deputy director of the Estimation and Budget [...]
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Experts blast Vietnam’s plan to rate banks’ performance for ‘internal use’

20-Sep-2017 Intellasia | Tuoitre News | 6:00 AM

The central bank wants to rate banks on their performance but keep the results secret from the public The State Bank of Vietnam wants to rate banks’ annual performance, [...]
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VN’s financial leasing potential

20-Sep-2017 Intellasia | VNS | 6:00 AM

Financial leasing institutions are the lastest solution to resolve capital shortages of local businesses, especially small- and medium-sized enterprises (SMEs). Financial [...]
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Online insurance forecasted to grow

20-Sep-2017 Intellasia | DTCK | 6:00 AM

The trend of online shopping is increasing in Vietnamese consumer market and may boom in the near future when the legal framework on electronic transactions (e-transactions) [...]
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Non-life insurers strive to churn out unique insurance products

20-Sep-2017 Intellasia | DTCK | 6:00 AM

Bao Viet Insurance Corporation and Munich Reinsurance Company have just launched “One Storm” insurance product which appears for the first time in Vietnam. One [...]
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Vietinbank spends over 2.6tr dong on 2016 dividend payment

20-Sep-2017 Intellasia | DTCK | 6:00 AM

The Board of directors of Vietnam Join Stock Commercial Bank for Industry and Trade (Vietinbank) has decided to pay 2016 dividends, which will be in cash. Accordingly, on [...]
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SBV demands strict compliance in foreign-currency mobilisation

19-Sep-2017 Intellasia | The Saigon Times | 6:00 AM

Governor of the State Bank of Vietnam Le Minh Hung has issued Document 7295/NHNN-TTGSNH ordering credit institutions and foreign bank branches to strictly comply with [...]
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Reference exchange rate down by 2 VND at week’s beginning

19-Sep-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set its reference VND/USD exchange rate at 22,439 VND/USD on September 18, down by 2 VND from the end of last week. With the current +/- 3 percent [...]
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Bond interest rates fall slightly

19-Sep-2017 Intellasia | Bao Dau Tu | 6:00 AM

In the most recent auction at Hanoi Stock Exchange, the State Treasury called for bid two trillion dong for four maturities including five years, seven years, 10 years and 15 [...]
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Banking sector cautious about monetary policy loosening

19-Sep-2017 Intellasia | Vietnamnet | 6:00 AM

Easing the lending interest rate further by 0.5 percent and obtaining a high credit growth rate of 21-22 percent as instructed by the PM will not be an easy task.U The State [...]
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Major banks to ask for higher credit growth limits

19-Sep-2017 Intellasia | TPO | 6:00 AM

It is most likely that major banks will soon request for extension of credit growth limits. The question is whether the liquidity of the system will be difficult if banks are [...]
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Foreclosure an emerging option to resolve bad debts

19-Sep-2017 Intellasia | VIR | 6:00 AM

Since the National Assembly’s Resolution No.42/2017/QH14 on the pilot settlement of bad debts of credit institutions was enacted, credit institutions are more [...]
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Banks face a lot of difficulties in increasing chartered capital

19-Sep-2017 Intellasia | Bao Dau Tu | 6:00 AM

The State Bank of Vietnam (SBV) has approved the chartered capital increase of the Military Joint Stock Commercial Bank (MB) from 17.127 trillion dong to 18.155 trillion dong [...]
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