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Category: FinanceSubscribe via RSS Feed

Foreign capital welcomed to join weak bank’s restructuring

14-Sep-2017 Intellasia | NDH | 6:00 AM

In early 2017, the State Bank of Vietnam (SBV) identified that the settlement of weak credit institutions (CIs) including the three zero-dong banks, Dong A Commercial Joint [...]
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Banking sector to maintain positive trend in Q2/2017: VCBS

14-Sep-2017 Intellasia | NDH | 6:00 AM

Good credit growth, strongly recovering banks’ business results and support policies for bad debt settlement and restructuring will be the driving force to maintain the [...]
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Why is Dang Thanh Binh being charged with ‘lack of responsibility’?

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

Before becoming the first chair of VAMC, Dang Thanh Binh was deputy Governor of the State Bank, responsible for taking care of bad debt and credit institution restructuring. [...]
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Reference exchange rate goes up 6 VND

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

The daily reference exchange rate for VND/USD was set at 22,434 VND on September 12, up 6 VND from the previous day. With the current trading band of +/-3 percent, the [...]
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Vietnamese rush to import bitcoin-mining machines

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

Though bitcoins are not recognised as legal currency in Vietnam, Vietnamese are still rushing to buy computers with strong configuration to mine bitcoins, leading to a sharp [...]
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VEB and IIB to finance Long Phu 1 power plant

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

Vnesheconombank, International Investment Bank, and PetroVietnam have entered into a tripartite memorandum determining the cooperation framework of financing the construction [...]
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SeABank and BRG Group receive Asean awards

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

The Southeast Asia Commercial Joint Stock Bank (SeABank) was recently honoured by the Asean Business Awards (ABA) for its social responsibility. SeABank received the honour [...]
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Experts warn of high credit growth risks

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

As the government is striving to obtain credit growth of 20 percent to 22 percent this year, many economic experts voiced their concerns over possible adverse impacts of high [...]
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Golden time to lower interest rates gone over

13-Sep-2017 Intellasia | TBKTSG | 6:00 AM

During the recent regular meeting of the government that has taken place on August 30, 2017, the prime minister once again asked the State Bank of Vietnam (SBV) to have [...]
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Lending rate down to 4pct/annum while deposit rate still remains at 8.5pct/annum

13-Sep-2017 Intellasia | VTC | 6:00 AM

Reducing lending rates is the requirement that the government assigns the State Bank of Vietnam (SBV). Reports show that lending rates are very low. Even, good businesses can [...]
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G-bond capital reaches $6.34b but only $108m disbursed

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

Capital mobilised from the issue of G-bonds in the first eight months of this year was very positive, however, it was quite a contrast to the disbursement of the capital [...]
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Banks’capital adequacy in danger of plunging

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

State Bank of Vietnam statistics show that the average capital adequacy ratio (CAR) of the banking sector has been consistently falling since the beginning of this year. It [...]
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Banks report a trillion-dong profit from ‘bad debts’

13-Sep-2017 Intellasia | Infonet | 6:00 AM

Recently, the Vietnam Asset Management Company (VAMC) has seized the third tallest building in Hochiminh city Saigon One Tower which is the secured asset for the debt which [...]
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Vietnam to have prosperous financial leasing market

13-Sep-2017 Intellasia | Giao Thong | 6:00 AM

In Vietnam, financial leasing is still a small market with only 11 financial leasing companies nationwide and an outstanding loans of only 8.7 trillion dong, accounting for [...]
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Experts worry over e-money’s red-hot growth

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

Experts voiced real concern over safety and legal status of e-money since Bitcoin, a form of cryptography-based e-money, is believed to potentially cause risks for users due [...]
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