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Category: FinanceSubscribe via RSS Feed

Vietcombank divestment from Saigonbank and CFC greenlighted

02-Nov-2017 Intellasia | VIR | 6:00 AM

The State Securities Commission of Vietnam (SSC) has licensed Vietcombank to sell its shares at Saigon Bank for Industry and Trade (Saigonbank) and Cement Finance Company [...]
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State Bank increases money withdrawal from the system thanks to good liquidity

02-Nov-2017 Intellasia | Tri Thuc Tre | 6:00 AM

SSI Retail Research’s report shows that in the past week, the banking system’s liquidity remained plentiful, causing the State Bank to continue issuing 14-day [...]
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HCM City’s 10-month credit growth reaches 14.5pct

02-Nov-2017 Intellasia | BizLive | 6:00 AM

The report of Hochiminh City People’s Committee shows that as of the end of October 2017, the total capital mobilisation of credit organisations nationwide was [...]
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Moody’s raises outlook for banking sector

02-Nov-2017 Intellasia | VN Economic Times | 6:00 AM

Outlook up from stable to positive for next 12-18 months. Moody’s Investors Service has changed its outlook for Vietnam’s banking system to positive for the next [...]
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Banks with increased bad debt in 9 months overwhelm

02-Nov-2017 Intellasia | Kinh Te & Tieu Dung | 6:00 AM

Statistics from the financial statements for the third quarter (Q3) of 16 commercial banks showed that the total outstanding loans by the end of September reached over [...]
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Bitcoin transactions remain illegal

02-Nov-2017 Intellasia | VN Economic Times | 6:00 AM

BV releases statement confirming that all crypto-currencies are illegal in Vietnam. Crypto-currencies such as Bitcoin remain illegal in Vietnam, the State Bank of Vietnam [...]
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The outstanding bankers of 2017

02-Nov-2017 Intellasia | Vietnamnet | 6:00 AM

Bankers Ngo Chi Dung, Duong Cong Minh and Dang Khac Vy frequently appeared in local media in 2017. Ngo Chi Dung is a veteran banker. From 1996-2004, he was the founding [...]
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Lacking resources, bad debts rise in quadrillion-dong banks

02-Nov-2017 Intellasia | Vneconomy | 6:00 AM

By September 30th 2017, Vietnam has three commercial banks having total assets over one quadrillion dong. Form 2016, Agriculture and Rural Development Commercial Joint Stock [...]
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MBB attains over 4tr dong profit in 9 months

02-Nov-2017 Intellasia | NDH | 6:00 AM

The Military Commercial Joint Stock Bank (coded MBB) has just released Q3′s financial statement with the profit to increase 63 percent from the same period last year. [...]
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Cautiousness needed in monetary policy loosening

01-Nov-2017 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

The pressure on implementation of loosening monetary policy to support growth will still be a key task of the State Bank in Q4/2017. However, the regulator needs to have [...]
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Will OMO interest rate tool be used?

01-Nov-2017 Intellasia | Vneconomy | 6:00 AM

In early March 2015, HSBC launched a fairly firm forecast that the State Bank of Vietnam (SBV) may cut interest rates on the Open Market Operation (OMO) from 5 percent to 4.5 [...]
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VAMC increases interest rate applicable to acquired bad debts to 9.9pct

01-Nov-2017 Intellasia | NDH | 6:00 AM

The Vietnam Asset Management Company (VAMC) has announced the reference interest rate for bad debts purchased by the company to be applied in Q4 (October 1 December 31, [...]
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Agribank, VAMC sign contract to resolve bad debts

01-Nov-2017 Intellasia | VNS | 6:00 AM

The Bank for Agriculture and Rural Development of Vietnam (Agribank) and the Vietnam Asset Management Company (VAMC) late last week signed a cooperation agreement to resolve [...]
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Vietnam attends meetings of International Association of Deposit Insurers

01-Nov-2017 Intellasia | VNA | 6:00 AM

The Deposit Insurance of Vietnam (DIV) group attended the 16th annual meeting of the International Association of Deposit Insurers (IADI) and an annual conference hosted by [...]
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Intense competition seen in retail insurance segment

01-Nov-2017 Intellasia | DTCK | 6:00 AM

The insurance market is about to welcome another foreign life insurer at the end of 2017. Like other non-life foreign insurers when entering Vietnam, the retail sale segment [...]
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