Category: Finance
Regulation on Lending for Social House Purchase Planned to Be Issued in Q1
The State Bank of Vietnam (SBV) will coordinate with the Ministry of Construction (MOC) to issue a regulation on lending for the purchase of social houses with low lending [...]
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Vietnam Banks Start Exporting Non-SJC Bullion for Re-importing Solid Gold
DongA Commercial Joint Stock Bank has already finished exporting non-standardised bullion and re-importing solid gold weighed 100 kilogram right ahead of the Lunar New year [...]
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State promotes bond swaps
The State Treasury will enhance implementation of the government bond swap programme this year with the goal of restructuring bond portfolios on the market to promote market [...]
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Credit declines 0.16pct in first two months/2013
The latest market bulletin in January 2013 said that, so far, the operation situation of the banking sector still remains very bleak. The figure till January 21, 2013 [...]
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Following 2012 FX policy does more harm than good: experts
Maintaining the 2012 foreign exchange policy this year may not be as helpful for the economy as it was throughout the last two years, local experts say. Banking expert Nguyen [...]
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Credit institutions to undertake restructuring in order to improve competitiveness
In 2013, in order to improve competitiveness, credit institutions would continue to restructure themselves, said Nguyen Van Binh – SBV Governor in an interview with Dau [...]
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Faulty strategies responsible for failure of some insurance organisations
To access new market, long term vision plays an important role. Reason for failure of some financial-insurance organisations in the recent years was not Vietnamese market; it [...]
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Investors rush to take capital back from banks
Misfortune does not come alone. The banking sector, which has bogged down in the high bad debt ratio and big corporate governance problems is also facing the wave of [...]
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Experts: More foreign capital to flow this year
Securities experts have predicted that foreign capital will keep flowing into the local stock market after the Lunar New Year holiday as foreign investors have become very [...]
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Asia Commercial Bank 2012 net profit slumps 71pct
Asia Commercial Bank (ACB), Vietnam’s fifth-biggest partly private lender by assets, said its net profit last year fell 71 percent from 2011 to 928.4 billion dong [...]
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Vietnam Central Bank Net Withdraws 18.2tr dong via OMO on February 19
The State Bank of Vietnam (SBV) net withdrew VND18.231 trillion via open market operation (OMO) on February 19, the local newswire NDHMoney.vn reported, citing data compiled [...]
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Bank data released for turbulent 2012
Figures released by the State Bank have shown that at the end of 2012, the total assets of the entire domestic banking system recorded a growth of 2.54 per cent compared with [...]
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Vietnam to Have Information Centre for Corporate Bonds
Vietnam Ministry of Finance (MOF) expects to commence the operation of an information centre for corporate bonds within this year; a move aims to overcome the problem of [...]
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Vietnam Central Bank Should Allow E/R to Fluctuate within 3pct Band in 2013: Economist
The State Bank of Vietnam (SBV) should allow the domestic currency, the dong, to fluctuate within 3 percent band this year to spur exports and improve competitiveness of [...]
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Interest rate can be reduced if inflation is curbed below 6pct: Binh
In 2013, SBV would continue to keep tight but flexible control over the monetary policies to minimise inflation and accelerate growth. If the inflation in 2013 could be [...]
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