Category: Finance
Vietnam’s Banks to Sell Bad Debt to Asset Management Company
Vietnam will force banks to sell bad debt to a soon-to-be established asset management company, according to State Bank of Vietnam Chief Inspector Nguyen Huu Nghia, as the [...]
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SBV sells 18,500 of 26,000 gold taels
On May 16, 2013, the State Bank of Vietnam (SBV) held the 18th gold auction with 12/22 enterprises and credit institutions joining the auction. As a result, nine units have [...]
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Banks’ money continues to flow into bond?
Recently, the fact that the banks massively poured money into government bonds has raised the concerns that credit growth target was ignored. However, Dan Svensson, Dragon [...]
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Vietnam’s gold demand falls 17pct in Q1/2013
Along with the world’s general decline in gold demand in the first quarter of this year, Vietnam’s demand for gold jewellery and bullions also fell. World Gold [...]
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HCM City’s disbursed cheap capital for businesses reaches 70tr dong
At a recent press conference, Nguyen Hoang Minh, deputy director of the State Bank of Vietnam (SBV)’s HCM City branch, said that since early this year so far, the [...]
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Bond yield down to 7.13pct
Hanoi Stock Exchange (HNX) said that on May 13, HNX held a tender session of government bond for the second round. The tender session had a total volume of seven trillion [...]
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Australia pledges 3.3tr dong in ODA to Vietnam
The Australian government will provide 159.1 million AUD (around 3.3 trillion VND) in official development assistance (ODA) to Vietnam in the 2013 – 2014 fiscal year, [...]
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Views differ over financial supervision role
The national financial system is in trouble but an upgrade of the National Financial Supervisory Commission (NFSC) intended to cope with this is deadlocked. State officials, [...]
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VietinBank pays highest salaries among banks
VietinBanks’ expenses on salaries and allowances in the first three months slightly decreased compared to the same period 2012, from 1.258 trillion dong to 1.241 [...]
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9tr dong of soft loans for realty companies
The State Bank of Vietnam has issued a circular on providing low-interest loans to support the housing segment in line with Resolution 02/NQ-CP, under which as much as 30 [...]
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More borrowers accessing 30tr dong package
The VND30 trillion home loan package will be available for more borrowers, as per a draft circular on conditions for borrowing loans to purchase low-cost condos in response [...]
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Seminar talks micro finance interest rate, risks
A seminar on Vietnam ‘s micro finance institutions held in Hanoi on May 16 focused on sustainable interest rates and risk management. The event was organised by the [...]
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Finance companies offer loans at sky high interest rates
A lot of people have fallen into a trap set by finance companies. Promising simple administrative procedures, but the companies overcharge borrowers with exorbitant interest [...]
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Banks hike exchange rate again
Local banks increased the dong-US dollar exchange rate to over VND21,000 on Thursday afternoon, with Techcombank quoting the rate at the upper limit of VND21,036 per dollar. [...]
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Two lending rate benchmarks still seen in the banking system
With new loans, borrowers are able to access interest rates of 10-13 percent per year. However, old loans with above six month term are carrying the lending interest rate of [...]
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