sbv adjustments calm liquidity of currency

SBV adjustments calm liquidity of currency

While the problem of the VND’s liquidity has been stabilised, the economy is still facing challenges regarding macro-stability and exchange and interest rate pressure, according to financial experts.
central banks brace after new fed move

Central banks brace after new Fed move

Central banks across the globe have announced their recent rate hike in a bid to tame inflation, but market watchdogs predict that the tempo of rate rises is starting to slow down.
chairman of eurocham vietnam the sbvs efforts were commendable

Chairman of EuroCham Vietnam: The SBV's efforts were commendable

As exchange rate pressure grows when circumstances are unfavourable, the State Bank of Vietnam (SBV) has raised the operational interest rates by 100 basis points (1 per cent) before the November Fed meeting on October 24, according to a report recently provided by the SSI.
previous financial crises thus far averted via stable moves

Previous financial crises thus far averted via stable moves

The increase of the central exchange rates and adjustment of the exchange rate band of the State Bank of Vietnam are suitable with the trends of other currencies at a lighter level.
banks post uplifting results despite underlying risks

Banks post uplifting results despite underlying risks

Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.
banking activities paying off through third quarter progress

Banking activities paying off through third-quarter progress

In contrast to previous years, it is possible that the official third-quarter profit for banks will climb faster than the fourth quarter, since credit will increase primarily in Q3 and decelerate afterwards.
sbv shifts up interest rates to combat us fed adjustments

SBV shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.
lenders contend with interest rates

Lenders contend with interest rates

Maintaining steady interest rates is set to be a challenge for Vietnam’s central bank amid unfavourable global events and domestic pressures.
multi cloud is the new trend

Multi-cloud is the new trend

Cloud computing is no longer just a phase, it has become a vital trend in Vietnam, especially for the local banking sector. Tran Nhat Minh, VIB deputy CEO and head of Banking Technology Services, shared with Nhue Man how multi-cloud is now essential due to the personal data security and large storage capacity it offers.
vib officially lists nearly one billion shares on hsx

VIB officially lists nearly one billion shares on HSX

Nearly one billion shares of Vietnam International Bank have been listed on the Ho Chi Minh City Stock Exchange (HSX) with the reference price for the first day of trading at VND 32,300 ($1.40).
large banks concerned about raising capital

Large banks concerned about raising capital

State-owned banks are struggling to raise capital to improve their capital adequacy ratio (CAR) in line with Basel II requirements.
implementing ifrs 17 a step to polish framework

Implementing IFRS 17 a step to polish framework

IFRS 17, an International Financial Reporting Standard issued by the International Accounting Standards Board in May 2017, will likely begin to replace the current framework in Vietnam in the next seven years. Vanessa Lou, director of Actuarial Services in Southeast Asia, EY Singapore, talked with VIR’s Nhue Man about what this will mean to Vietnam, and how the country can gain therefrom.
is it time to wave good bye to the credit growth ceiling

Is it time to wave good-bye to the credit growth ceiling?

Experts suggest the central bank to abolish the annual credit growth target and let the market decide its own supply and demand of credit.
credit policies foster students dreams of education in nghe an

Credit policies foster students' dreams of education in Nghe An

Thanks to the prime minister's students credit programme, in the past 11 years thousands of households in the central province of Nghe An received loans to send their children to universities, college, and vocational training.
massive profits slated for finance and banking sector in 2018

Massive profits slated for finance and banking sector in 2018

Throughout the annual general meetings (AGMs) season, numerous commercial banks unveiled remarkable business targets for the year ahead, promising huge revenues, profits, and charter capital raises.