Category: Finance
Vietnam’s Central Bank Sells Gold by Auction
The State Bank of Vietnam (SBV) has so far held seven consecutive gold auctions, with the first on March 28 and the 7th on Tuesday, with the aim of balancing local supply and [...]
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Gold in freefall
The local gold price dropped VND1.8-2.1 million ($81.35) a tael Tuesday morning, hitting its record low since July 9, 2011, following a global trend. However local gold [...]
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Vietnam government bonds hurt non-government segment, credit growth: critics
Government bonds have seen robust sales thanks to massive buying by banks, but economists warn it is stymieing the growth of private bonds as well as firms’ plans to [...]
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State Bank aims to crack down on inefficient banks
The State Bank of Vietnam has moved to eliminate inefficient credit institutions during the 2013-15 period. In a recent directive, the central bank asked credit institutions [...]
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Three core-banking systems merged at SCB
Three different core-banking systems of Saigon Commercial Bank (SCB), Ficombank and TinNghiaBank have been merged into one system at SCB. At a function on the completion of [...]
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Two Singaporean banks to expand operations in Vietnam
Boosting experience exchange, creating more favourable conditions for Vietnamese businesses that are listing shares on Singapore Stock Exchange and allowing Singaporean [...]
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SBV sells 25,700 gold taels via auction on April 16
At the tender of gold bars on April 16, the State Bank of Vietnam (SBV) sold 25,700 gold taels to 11 credit institutions and businesses amongst 21 participants in the tender, [...]
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Dong Falls as Widening Gold Price Gap May Spur Unofficial Trade
Vietnam’s dong declined the most in seven weeks on speculation the widening gap between domestic and international gold prices will boost unofficial trade in the [...]
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Vietnam Central Bank Net Withdraws 445b dong via OMO on April 16
The State Bank of Vietnam (SBV) net withdrew VND445 billion via open market operation (OMO) on April 15, the local newswire NDHMoney.vn reported, citing data compiled by SSI [...]
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Tax Incentives for VAMC: government Proposes; Finance-Budget Committee Opposes
The National Assembly’s finance-budget committee disagreed on the government’s idea to give tax incentives for the to-be-established national asset management [...]
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Hanoi Plans to Give Land to Agribank for Head Office Building
Hanoi People’s Committee plans to grant the state-run lender Agribank a land lot to build new head office at Lot 23-E3, Cau Giay new urban area, Cau Giay district, the [...]
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Income down, but banking sector remains hot
Commercial banks continue recruiting more officers, and though the average income decreased in 2012, bank officers still had sky high monthly salaries, which were the dream [...]
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ACB inks deal with Oracle
Asia Commercial Joint Stock Bank (ACB) has recently signed a cooperation agreement with Oracle Vietnam Group to carry out Oracle Peoplesoft Human Capital Management (HCM) [...]
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SoutherBank to go public in 2013
At its upcoming annual general meeting (AGM) that is slated for April 24, Southern Bank’s director board will submit shareholders a plan to list share on Hochiminh [...]
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BIDV Leaves Listing Plan Open
The JS Commercial Bank for Investment and Development of Vietnam (BIDV) has not yet decided the listing time for its shares due to unfavourable market conditions. In the [...]
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