commercial banks propose sbv to set higher credit growth limit

Commercial banks propose SBV to set higher credit growth limit

From early 2017 till now, many commercial banks have almost reached the lending growth cap set by the State Bank of Vietnam (SBV) and are now requesting SBV to set a higher credit growth limit to ensure more room for lending.
vietfood beverage propack 2017 a cavalcade of international colours

VietFood & Beverage-ProPack 2017: a cavalcade of international colours

The 21st VietFood, Beverage and Professional Packing Machines (VietFood & Beverage-ProPack) exhibition will take place in Saigon Exhibition and Convention Centre at 799 Nguyen Van Linh Street, District 7, Ho Chi Minh City, from August 9 to 12, 2017.
commercial banks finalising senior personnel line up

Commercial banks finalising senior personnel line-up

After holding their general shareholders’ meetings in 2017, many commercial banks have publicised their senior personnel for the new term.
small banks working to bolster capital sources

Small banks working to bolster capital sources

Most banks of small and medium size are mulling over scaling up capital sources to boost their financial strength.
risk provisions remain principal burden on banks

Risk provisions remain principal burden on banks

Although their business operations have shown brighter prospects and many banks are planning to earn trillions in profit this year, the risk provision pressure remains a significant burden.
exchange rate under the control despite fed rate hike

Exchange rate under the control despite Fed rate hike

After the Federal Reserve (Fed)’s move of increasing the key USD interest rate by 0.25 per cent up to a range of 0.75-1 per cent, the exchange rate on the domestic market is under control. However, Huynh Trung Minh, a financial and banking expert, told VIR’s Van Linh that enterprises should be proactive in exchange rate risk hedging.
basel ii inevitable for vietnamese banks

Basel II inevitable for Vietnamese banks

As Vietnam becomes more integrated into the world economy, banks looking to improve competitiveness and governance, especially in risk management, should apply Basel II standards.
vietnamese banks overly dependent on credit growth

Vietnamese banks overly dependent on credit growth

Many banks complain that the cost of capital increases and they cannot increase lending rates, so interest margins are quickly narrowing, which affects profit.
sbv announces compulsory ma for weak banks

SBV announces compulsory M&A for weak banks

​The State Bank of Vietnam (SBV) currently encourages mergers and acquisitions (M&A) for weak credit institutions based on voluntary spirit and the assurance of relevant rights for both parties. However, this will turn into a compulsory activity if these institutions do not volunteer. 
hcm city begins construction of d1 street in district 7

HCM City begins construction of D1 Street in District 7

The HCM City Urban Transport Management Authority No 4 on Sunday began construction of D1 Street connecting Nguyễn Văn Linh Street with Sài Gòn University and the Him Lam residential area in District 7.
bac giang pledges support for enterprises

Bac Giang pledges support for enterprises

Northern Bac Giang Province will create the most favourable conditions for both local and foreign enterprises operating there, Nguyen Van Linh, chairman of the provincial People's Committee, told a meeting with 140 small- and medium-sized enterprises last week.
risk provisions and bad debts eat up bank profits

Risk provisions and bad debts eat up bank profits

While banks have been able to control their non-performing loans ratio well below the 3 per cent threshold, the potentially irrecoverable debt fraction has, conversely, edged up among local banks.
foreign banks path to dominate domestic market

Foreign banks’ path to dominate domestic market

Not satisfied with serving only foreign-invested entreprises operating in Vietnam, foreign banks are working to expand amongst domestic customers.
hcm city to invest 445b on metro line

HCM City to invest $4.45b on metro line

HCM City will invest VND97 trillion (US$4.45 billion) for construction of the city's Metro Line No 4, which will run from Ben Cat Bridge in Go Vap District to Nguyen Van Linh Street in District 7.
bad debt threat continues to loom

Bad debt threat continues to loom

Banks are continuing to struggle with fast rising potentially unrecoverable bad debts.