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Category: FinanceSubscribe via RSS Feed

Tensions over Gold and Foreign Currency Eased by Market Confidence

31-May-2014 Intellasia | VCCI | 6:00 AM

After a long stabilisation period, the foreign exchange rate suddenly rises, leading to the increase of gold price. Risk concerns make the domestic market reverse the world [...]
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WB willing to cooperate with Vietnam in supporting violence-hit enterprises: WB official

31-May-2014 Intellasia | Xinhua | 6:00 AM

World Bank (WB) is willing to cooperate with Vietnam in supporting the enterprises which were attacked during violence in central and southern Vietnam as well as support [...]
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SBV: Credit growth sluggish in Jan-May

31-May-2014 Intellasia | Saigon Times Daily | 6:00 AM

Credit growth in the economy has remained sluggish as local banks reported credit had increased a mere 1.31 percent as of May 23 compared to the end of last year, according [...]
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Vietnam man nabbed for counterfeit currency

31-May-2014 Intellasia | Thanhnien News | 6:00 AM

A man in Vietnam’s Mekong Delta was arrested for allegedly trafficking some VND1 billion (US$47,000) in bogus cash from China, police said Wednesday. Nguyen Tien Dung, [...]
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Local gold prices fall

31-May-2014 Intellasia | Saigon Times Daily | 6:00 AM

Gold prices on the local market fell by VND190,000 per tael to VND36.54 million (US$1,728) per tael before trading closed on May 28 but the gap between the prices of this [...]
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Foreign Exchange Market Tends to Oversupply: SBV

31-May-2014 Intellasia | StoxPlus | 6:00 AM

According to the State Bank of Vietnam (SBV), foreign exchange market tends to oversupply and all demand for foreign currencies of customers are fully satisfied, local [...]
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Credit growth hits 1.31pct, raises doubts

31-May-2014 Intellasia | VNS | 6:00 AM

Credit growth of Vietnam’s banking system reached 1.31 per cent from January to May 23, which is creating doubts about the feasibility of 12-14 per cent credit growth [...]
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OCB earns 36.17b dong profit in Q1/2014

31-May-2014 Intellasia | Dien Dan Dau Tu | 6:00 AM

Orient Commercial Joint Stock Bank (OCB) on May 28 announced to close the list of shareholders to pay 2013 dividend at 5 percent in cash. Accordingly, the list of [...]
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Vietnam’s 2014 economic growth forecast lower than 2013: expert

31-May-2014 Intellasia | Xinhua | 6:00 AM

Vietnam’s economic growth in 2014 is forecast to be lower than that of 2013, ranging from 4.15 to 4.88 percent, said a local expert. Nguyen Duc Thanh, director of [...]
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‘Mogul Kien’ bank case: a lesson in conflict of interest

31-May-2014 Intellasia | Vietnamnet | 6:00 AM

Tran Xuan Gia was recognised by state management agencies as president of Asia Commercial Bank (ACB), but this was on paper only. The real influential figure was Nguyen Duc [...]
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SBV issues additional 7tr dong of T-bills on May 29

31-May-2014 Intellasia | NDH | 6:00 AM

The State Bank of Vietnam (SBV) on May 29 did not pump as well as withdraw money on open market operation (OMO), the local Newswire NDH.vn reported, citing data compiled by [...]
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Solutions given for VAMC’s purchased bad debt settlement

31-May-2014 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

Non-performing loan (NPL) securitisation is one of many measures which have been successfully applied by many countries in their treatment of bad debts. However, this is an [...]
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30tr dong of bad debt awaits VAMC

31-May-2014 Intellasia | Saigon Times Daily | 6:00 AM

Credit institutions have registered to sell more than VND30 trillion in bad debt to Vietnam Asset Management Company (VAMC), according to the State Bank of Vietnam. Nguyen [...]
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HCM City’s credit growth at 1.27pct as of end-May

31-May-2014 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

Till the end of May, the total outstanding loans of HCM City-based credit institutions were estimated at 965 trillion dong, growing 1.27 percent from the end of 2013 and [...]
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Local banks struggling to find foreign partners

31-May-2014 Intellasia | VIR | 6:00 AM

It appears that many foreign players are mulling alternatives to joining with local partners to bolster efficiency when it comes to mergers and acquisitions in the banking [...]
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