Category: Finance
Vietnam Central Bank to Hold Experimental Auction for Gold Bars This Week
The State Bank of Vietnam (SBV) will carry out an experimental auction to sell gold bars late this week, the news provider VnExpress.net reported. The experimental auction is [...]
» More
Vietnam Treasury Sells 92.75pct of Offered government Bonds on February 26
The State Treasury of Vietnam sold VND8.348 trillion worth of government bonds or 92.75 percent of the offered value, at the yield of 8.3-9.3 percent per annum in an auction [...]
» More
Draft Decree makes mandatory for foreign strategic partners to have total assets of over $20b
Foreign strategic shareholder in local bank must have minimum total assets of $20 billion. If foreign investors want to become strategic partners with Vietnamese credit [...]
» More
SBV to inject 20tr dong for home loans
SBV would inject 20-24 trillion dong for home loans with lower interest rate. This support would be applied to houses which had area less than 70 square meters and price not [...]
» More
Provision erodes bank’s Q4/2012 profit
In the 4th quarter only, credit risk provision of Techcombank, Sacombank and Military Bank was larger than the total provision of the first 3 quarters. Banks had public their [...]
» More
Incoming remittances forecast at $8.9b
The remittances sent home totalled some $8.9 billion last year as recorded by the State Bank of Vietnam (SBV) and the authority now is reviewing the figure which is expected [...]
» More
No forex rate adjustment – a real relief
The director of the State Bank of Vietnam (SBV), Nguyen Van Binh, has told Tuoi Tre that the operating mechanism of the foreign exchange rate between the US dollar and the [...]
» More
Banking system mired in trouble
Bad loans and other losses from banking activities produced a dramatic decline in performance for Vietnam’s banking system. The results are clearly shown in the [...]
» More
Banking shake-up will not happen overnight
Last year was a time of trials and tribulations for Vietnam’s economy and banking sector. In an interview with VIR, State Bank chief inspector Nguyen Huu Nghia offers [...]
» More
Rumour sparks heated post Tet forex confusion
After the Tet holiday, a fluctuating foreign exchange rate has raised business community concerns. But, the State Bank has sought to allay fears, characterising part of the [...]
» More
Banking on a better future
One of the leading foreign bankers in Vietnam, Louis Taylor, chief executive officer of Standard Chartered Bank Vietnam, tells VIR’s Hanh Trang about his expectations [...]
» More
VietinBank submits shareholders a plan to issue 644.4m shares to Japanese partner
Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank-CTG) on February 26 organised its shareholders’ extraordinary meeting 2013 hereby VietinBank [...]
» More
Commercial banks to collect ATM fees at maximum 1,000 dong/transaction
The State Bank of Vietnam (SBV) on February 25 said that ten credit institutions plan to charge customers a maximum fee of 1,000 dong for each internal cash withdrawal [...]
» More
SBV buys $18b foreign currency in 2012 for national reserves: governor
In his interview with the local Newswire Thoi Bao Kinh Te Saigon (Saigon Economic Times) on February 21, the State Bank of Vietnam (SBV)’s governor Nguyen Van Binh, [...]
» More
Credit growth in US dollar at negative 2.9pct as of February 6
The total outstanding loans of the entire banking system till February 6 were negative 0.16 percent against the end of 2012, the local Newswire Thoi Bao Ngan Hang (Banking [...]
» More
