Category: Finance
Bad debt ratio will spike on new bad debt classification method
The changes in the criteria and the method for bad debt classification will surely make the bad debt ratio increase sharply. A report by the State Bank of Vietnam showed that [...]
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RPT-Vietnam’s gold demand to fall as govt curbs bite -consultancy GFMS
Investment demand for gold in Vietnam could be a quarter less in 2013 than last year as the government tightens its grip on the bullion market to stabilise the [...]
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Citizens rush to sell gold for fear of price drops
SJC processes gold bars for SBV Investors and citizens rushed to sell gold on Wednesday as the price went down after the central bank had announced to intervene in the [...]
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Disagreements among banks, card holders on charging ATM fees
One month after SBV issued Circular 35/2012/TT-NHNN on charging domestic card holders on ATM internal cash withdrawal; this Circular had faced disagreements of card holders, [...]
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Vietnam says bad debt trimmed, interest rate cut ahead
Vietnam will trim interest rates and has cut the level of bad debt in its banking system to 6 percent from 8.82 percent as part of measures to rescue its troubled lenders, a [...]
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State Bank needs to move with the times
Some financial industry leaders and economic experts are urging policy flexibility from the State Bank as part of an ongoing dialog aimed at promoting a healthy macro-economy [...]
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Banks balk at new ATM fees
Few banks are prepared to begin collecting fees for automatic teller machine (ATM) transactions beginning on Friday, even though the State Bank of Vietnam gave the greenlight [...]
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22 Vietnam Banks Plan to Collect No Fee for On-Network Cash Withdrawal via ATM
Twenty-two credit institutions said their customers would be charged no fees for withdrawing money from automated teller machine (ATM) within their own networks, the local [...]
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BIDV finances resettled residential project
The Bank for Investment and Development of Vietnam (BIDV) will finance a residential project in HCM City with VND4.914 trillion (US$234 million). According to a credit [...]
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Baoviet Bank earns after tax profit of 91b dong in 2012
Bao Viet Commercial Joint Stock Bank (Baoviet Bank) has announced its fiscal statement for the fourth quarter of 2012 whereby the lender’s net interest income in the [...]
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VPBank’s deposit growth at 102pct in 2012
Vietnam Commercial Joint Stock Prosperity Bank (VPBank) has announced its consolidated fiscal statement in the fourth quarter of 2012 whereby the unlisted bank reached 881 [...]
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Bond outstanding debts on GDP to increase to 30pct
The Ministry of Finance has issued Decision 261/2013 to approve the bond development process schedule on Vietnamese market until 2020. In which, the government bond market [...]
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Vietnam’s Two-Year Bond Yield Falls After Auction; Dong Stable
Vietnam’s two-year bond yield fell by the most in more than a month after interest rates dropped at a government debt action. The dong was little changed. The State [...]
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First Private Credit Information centre Qualified for Operation
The State Bank of Vietnam (SBV) issued Document No. 1184/GCN-NHNN to certify that the Vietnam Credit Information Joint Stock Company was qualified for credit information [...]
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Credit as of February 25 still at negative 0.16pct: SBV
With credit growth as of February 25 still at negative 0.16 percent from late 2012, the credit growth target of 12 percent this year is a big challenge for the banking [...]
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