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Category: VietnamSubscribe via RSS Feed

Central Bank rejects rumours about Maritime Bank

17-Aug-2016 Intellasia | VNA | 6:00 AM

The Maritime Bank is operating as usual with ensured liquidity, the State Bank of Vietnam (SBV) has confirmed. The SBV issued a communique on August 15 in response to recent [...]
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Core inflation in 2016 can maintain at about 2pct: NFSC

17-Aug-2016 Intellasia | DTTCO | 6:00 AM

As per the National Financial Supervisory Commission (NFSC), core inflation in 2016 can maintain at about two percent (up slightly from the 1.7 percent in 2015). NFSC’s [...]
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Lenders grapple with rising bad debt

17-Aug-2016 Intellasia | The Saigon Times | 6:00 AM

Banks were still struggling with loans that turned sour in the first half of this year, with bad debt accounting for 5 percent of total outstanding loans at a couple of [...]
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Vietnam economy hard to achieve 6.7pct growth target: HSBC

17-Aug-2016 Intellasia | DTCK | 6:00 AM

HSBC’s Economic Research Division has released Vietnam economic outlook report in August 2016 with the statement that, this year, Vietnam is difficult to achieve the [...]
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VAMC can meet debt recovery target this year

17-Aug-2016 Intellasia | VNS | 6:00 AM

The Vietnam Asset Management Company (VAMC) could meet a target to recover VND30 trillion (US$1.339 billion) of bad debts this year, VAMC deputy general director Nguyen Van [...]
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Oil and gas stocks boost markets

16-Aug-2016 Intellasia | VNA | 11:51 AM

Shares rose slightly on August 15 on the two national stock exchanges, led by oil and gas, after global oil recorded the best week in the past four months. The benchmark [...]
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Business Briefs Aug 16

16-Aug-2016 Intellasia | | 11:50 AM

* Foreign Trade Development & Investment Corporation ofHCMC (Fideco) has registered to sell its entire stake totaling 1.14 million shares (1.61%) in Thu Due Housing [...]
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Cap of 5pct inflation in new economic plan

16-Aug-2016 Intellasia | Bizhub | 6:01 AM

The Ministry of Planning and Investment is developing a plan on restructuring the economy by 2020 aiming to renovate the growth model towards improving efficiency and [...]
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VAMC speeds up NPLs settlement

16-Aug-2016 Intellasia | VGP | 6:01 AM

As much as VND 59.7 trillion of non-performing loans were handled in the first half of 2016, according to the Vietnam Asset Management Company (VAMC). The State Bank of [...]
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Cutting interest rate is feasible in year end

16-Aug-2016 Intellasia | VGP | 6:01 AM

Stable current liquidity in the banking system ensured money supply for the economy in 2016 and provides room for cutting interest rates in the rest of 2016, assessed a [...]
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VAMC will purchase 2tr dong bad debts at market prices in 2016

16-Aug-2016 Intellasia | Bao Dau Tu | 6:01 AM

Deputy general director of the Vietnam Asset Management Company (VAMC) Doan Van Thang expected that there will be more participation of enterprises with debt trading function [...]
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Card fraud alerts for banks’ customers

16-Aug-2016 Intellasia | Dau Tu Chung Khoan | 6:01 AM

With the increasing card frauds, especially after the attack of hackers on Vietnam’s airports websites, many banks have repeatedly issued warnings about online frauds [...]
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NPL ratio decreases due to large repayment from customers

16-Aug-2016 Intellasia | Vneconomy | 6:01 AM

As announced by the State Bank on August 11, bad debts as of the end of June 2016 fell again, mainly thanks to the repayment of customers. Specifically, by the end of June [...]
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Which bank is sitting on fire for Vinachem’s trillion dong projects?

16-Aug-2016 Intellasia | An Ninh Tien Te | 6:01 AM

To serve Ninh Binh Fertiliser project, Vietnam Chemical Corporation (Vinachem) borrowed credit institutions 4.3 trillion dong and $326 million. Daily, Vinachem must pay 2.6 [...]
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Consumer finance companies blame policy for high lending rates

16-Aug-2016 Intellasia | DTCK | 6:01 AM

Vietnam’s financial market is considered to be quite potential for financial companies as the economy grows, the personal consumption demand increases, but in fact, [...]
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