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Category: FinanceSubscribe via RSS Feed

SBV Governor plans flexible monetary policy for H2

11-Jul-2014 Intellasia | VNS | 6:00 AM

State Bank of Vietnam’s Governor Nguyen Van Binh is planning a more flexible monetary policy in the second half of this year to achieve credit growth of 12 to 14 per [...]
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Foreign exchange reserves of $35b still low: ANZ

11-Jul-2014 Intellasia | Vnexpress | 6:00 AM

Though Vietnam foreign exchange reserves have increased in the past three years, Australia and New Zealand Banking Group Limited (ANZ) has said that the $35 billion is still [...]
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Few Vietnam banks report high credit growth

11-Jul-2014 Intellasia | Laodong | 6:00 AM

The general credit growth of the whole banking system is still low but lending activities at many banks still gain impressive growth although the borrowing need has not [...]
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Banks not easy to go bankrupt despite new Bankruptcy Law

11-Jul-2014 Intellasia | Thoi Bao Kinh Te Sai Gon | 6:00 AM

The new Bankruptcy Law approved recently by the National Assembly has a chapter for prescribing the bankruptcy procedures of credit institutions. Many people expect this will [...]
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NamABank opens new headquarter in the commercial centre of Dam market

11-Jul-2014 Intellasia | Vietstock | 6:00 AM

On July 7, 2014, Nam A Commercial Joint Stock Bank (NamA Bank) officially opened its new headquarter of NamABank Dam market at 61 Phan Boi Chau, Xuong Huan Ward, Nha Trang [...]
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Businesses prefer borrowing foreign currency

11-Jul-2014 Intellasia | Vnexpress | 6:00 AM

Stable forex rate and attractive interest rates are prompting many businesses to rush to borrow foreign currency while the dong credit grows sluggishly. Deputy director of [...]
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Vietnam May Loosen Lending Conditions to Boost Loan Growth

11-Jul-2014 Intellasia | The Wall Street Journal | 6:00 AM

The State Bank of Vietnam will likely offer loan packages with lower interest rates or loosened lending conditions for certain businesses to boost lending, government [...]
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Banking less attractive to students

11-Jul-2014 Intellasia | Saigon Times Daily | 6:00 AM

The number of students putting their names down for entrance exams into the banking and securities faculties of big universities has tumbled 20 percent as the [...]
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Experts scrutinise slow pace of bad debt resolution

11-Jul-2014 Intellasia | VIR | 6:00 AM

Banking experts are looking at ways to more effectively tackle the country’s bad debt situation. State-owned Vietnam Asset Management Company (VAMC) was reported to [...]
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Major banks post strong H1 results

11-Jul-2014 Intellasia | VNS | 6:00 AM

Three major Vietnamese joint stock banks have posted or are expected to post strong business results for the first half of 2014. TPBank reported its profits of VND263 billion [...]
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Jan-Jun credit grows 3.52pct

11-Jul-2014 Intellasia | Saigon Times Daily | 6:00 AM

The nation’s credit growth rate was estimated at 3.52 percent in the first six months of this year while foreign reserves rose to a record high of around $35 billion, [...]
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Big banks to be restructured

11-Jul-2014 Intellasia | Thanh nien | 6:00 AM

At the preliminary conference of the banking sector in the first six months of the year that took place on July 9, the State Bank of Vietnam (SBV) said in the last six months [...]
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VDB disburses 6tr dong of investment credit in first 6 months

11-Jul-2014 Intellasia | Vietstock | 6:00 AM

In the first six months of 2014, the Vietnam Development Bank (VDB) disbursed nearly six trillion dong investment credit and mobilised 11.78 trillion dong (including [...]
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Vietnam Central Bank Net Withdraws 1.8tr dong on July 9

11-Jul-2014 Intellasia | StoxPlus | 6:00 AM

The State Bank of Vietnam (SBV) net withdrew VND1.2 trillion on July 9, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV neither pumped [...]
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HDBank offers preferential interest rates

11-Jul-2014 Intellasia | VNS | 6:00 AM

The HCM City Development Bank (HDBank) is offering preferential interest rates for business households and individuals nationwide, who borrow money between now and the end of [...]
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