Category: Finance
Fund managers score – and don’t
The annual check up of fund management firms reveals dramatically different performances for 2012. By the end of April 2013, 42 out of 47 fund management companies had [...]
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ABBank Wants to Sell 49pct Stake to Foreign Partners If Approved, Chair Says
An Binh Commercial Joint Stock Bank (ABBank) would sell up to 49 percent stake to foreign partners if the State Bank of Vietnam (SBV) allowed it to raise foreign room to that [...]
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Vietnam Banks Nearly Balance Their Gold Position: Source
Deputy director of the central bank branch in HCM City Nguyen Hoang Minh said that gold in stock of commercial banks currently could meet 90 percent of gold payment that must [...]
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Vietnam’s Central Bank Imports Gold to Bolster Official Reserves
Vietnam’s central bank said it imported gold to make up for a reduction in reserves from sales to local commercial banks. The purchases were equivalent to the amount [...]
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Vietnam to Exempt Taxes on Material Gold Import & Export of the SBV
The finance ministry has recently unveiled the draft decision of the prime minister, stipulating that taxes on the export and import of material gold of the State Bank of [...]
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WB vice President visits Vietnam
The World Bank East Asia and Pacific Regional vice President, Axel van Trotsenburg, is paying an official visit to Vietnam from May 6-9. He is expected to meet prime minister [...]
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Slow Reforms Cloud Vietnam’s Economic Growth Outlook, IMF Says
Slow restructuring of Vietnam’s banks and state companies contributed to the International Monetary Fund’s decision last week to cut the nation’s growth [...]
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Where have the deposits gone?
Commercial banks have reported the steady increase in the mobilised capital so far this year. Meanwhile, businesses keep complaining that they lack capital to maintain [...]
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City banks asked to step up support for businesses
The State Bank of Vietnam’s HCM City branch has urged commercial banks in the city to take further measures to help firms revive production and increase their own [...]
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Mergers Favoured as Vietnam Banks Prepare to Restructure
Mergers are going to be a trend for banks in Vietnam as many seek to fortify themselves to deal with the economic downturn, industry insiders say. Le Thi Bang Tam, chairwoman [...]
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Central bank to stabilise gold market
The primary goal of the State Bank of Vietnam is to control the domestic gold market to stop price manipulation, Governor Nguyen Van Binh has said. Binh was speaking in an [...]
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Banks enjoy growth but stay below target
The banking industry witnessed a positive increase in credit growth over the past four months, with commercial banks reporting higher profits, according to the State Bank of [...]
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US dollar interest rate needs to be reduced
Many leading exporters have asked the State Bank of Vietnam (SBV) to cut the interest rate on US dollars, saying that this was a reasonable request in the current economic [...]
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Banks’ dividends fall sharply due to bad debts
The difficult situation in the market along with higher spending on risk provision due to surging bad debts have made banks’ dividends fall sharply. In 2012, Saigon [...]
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State bank tightens control over trade of gold bars
Transactions of gold bars valued at VND300 million or more must be reported to the State Bank of Vietnam (SBV) from June 30 this year. According to a new government directive [...]
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