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Vietnam Signals Rate Pause as Banking Revamp Approaches

23-May-2013 Intellasia | Bloomberg | 6:00 AM

Vietnam will find it “difficult” to cut interest rates further this year, central bank deputy Governor Nguyen Dong Tien said as the nation moves to create an [...]
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State Bank tries to keep gold bidding price high?

23-May-2013 Intellasia | DNSG | 6:00 AM

The high pricing policy allows preventing gold price fever attacks. The State Bank has the right and the power to maintain the high prices for gold bidding sessions because [...]
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Few Banks Dodge Deposit Rate Cap to Lure Deposits

23-May-2013 Intellasia | StoxPlus | 6:00 AM

Few commercial banks offer above-cap interest rates to draw in deposits amid abundant idle funds and hard-to-grow credits, the local online newspaper Dau Tu [...]
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‘Room’ for foreign investors in local banks proposed to be enlarged to 49pct

23-May-2013 Intellasia | Dan Tri | 6:00 AM

On the sideline of a seminar on “Inflation and economic growth in Vietnam” held on May 21, Nguyen Thac Hoat, head of Monetary-Financial Department, Institute for [...]
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Credit growth of HCM City-based banks at 1.4pct as of early-May

23-May-2013 Intellasia | GSO | 6:00 AM

The total deposits of HCM City-based banks till early April reached nearly 1,031 trillion dong, rising 1 percent month on month, 3.8 percent from the end of 2012 and 14.8 [...]
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Central bank withdraws 10tr dong in first two days of this week

23-May-2013 Intellasia | NDHMoney | 6:00 AM

The State Bank of Vietnam (SBV) on May 21 pumped 313 billion dong on open market operations (OMO) for seven-day term at interest rate of 6 percent per annum while withdrawing [...]
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Hanoi’s credit growth at 2.7pct in May

23-May-2013 Intellasia | GSO | 6:00 AM

The total deposits of Hanoi-based credit institutions in May are estimated to have reached 927.576 trillion dong, rising 2 percent from a month earlier and 3.4 percent [...]
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All 26,000 gold taels sold out in auction on May 21

23-May-2013 Intellasia | SBV | 6:00 AM

The State Bank of Vietnam (SBV) on May 21 organised the 20th auction of gold bullions with total offered volume of 26,000 taels. During the auction, there were nine winners, [...]
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Interest Rate Spread Averaging 2.2pct in 2012, Expert Says

23-May-2013 Intellasia | StoxPlus | 6:00 AM

The average interest rate spread last year was only 2.2 percent, said Nguyen Duc Trung, deputy head of a banking scientific research institute, the local newswire TTVN.vn [...]
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SCB Introduces Online Term Deposits

23-May-2013 Intellasia | StoxPlus | 6:00 AM

Standard Chartered Bank Vietnam has launched online term deposits, allowing customers to make daily term deposits at the highest interest rates and make unlimited [...]
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VPBank, VCCorp Enter Partnership

23-May-2013 Intellasia | VNS | 6:00 AM

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Vietnam Communications Corporation (VCCorp) recently signed a strategic agreement in Hanoi aimed at [...]
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Vietnam Outlines Bad-Debt Plan

23-May-2013 Intellasia | Wall Street Journal | 6:00 AM

Vietnam edged closer Tuesday to dealing with the bad-debt problem hobbling its banking sector, as the government said it will set up an asset-management company by the end of [...]
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Credit flow to remain poor despite VAMC: official

23-May-2013 Intellasia | Saigon Times Daily | 6:00 AM

Credit flow will remain stagnant because the upcoming Vietnam Asset Management Company (VAMC) will not be able to quickly resolve the problem of bad debt, said Chair Vu Viet [...]
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Banking restructuring earns initial results: Govn’t

23-May-2013 Intellasia | Tuoi Tre | 6:00 AM

The national banking restructuring scheme has born initial fruits, said a newly released report from the government Relevant state agencies and banking watchdogs have focused [...]
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VAMC to come online in Q2

23-May-2013 Intellasia | Saigon Times Daily | 6:00 AM

The decree and project on establishment of the Vietnam Asset Management Company (VAMC) will be adopted quickly to ensure the enterprise starts operating in this quarter. [...]
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