most banks gold accounts to close

Most banks' gold accounts to close

Most banks have closed their gold accounts to meet the State Bank of Vietnam's deadline of June 30 this year.
vamc splits banks positions

VAMC splits banks’ positions

Banks are coming out of the closet to reveal different Vietnam Asset Management Company feelings.
house buyers long for cheap loans while banks hesitate

House buyers long for cheap loans while banks hesitate

While the effective date of the government’s house-buying aid program is only two days away, most borrowers still do not know how to apply for the cheap loans, while many banks have yet to initiate any programs to offer the preferential credits.
ecb says surprised by sharp slowdown in eurozone inflation

ECB says surprised by sharp slowdown in eurozone inflation

Inflation in the eurozone has slowed much more sharply than expected and could prove a headache for banks and growth, European Central Bank deputy president Vitor Constancio said on Wednesday.
lending rates remain stubborn

Lending rates remain stubborn

Joint stock banks’ lending rates have yet to be relaxed a week after the State Bank’s base interest rate cut.
sbv vnd30 trillion for housing assistance loans

SBV: VND30 trillion for housing assistance loans

The State Bank of Vietnam (SBV) has announced it is making VND30 trillion ($1.44 trillion) available to five commercial banks to offer soft loans to home buyers and property developers in an attempt to stimulate the property market and resolve bad debts.
banking sector focuses on innovation digitalization

Banking sector focuses on innovation, digitalization

Banks have to speed up the application of modern technology to improve services, or they will lose out to rivals on home turf.
banks striking mobilisation move

Banks’ striking mobilisation move

Banking Research Institute deputy chief Dr. Nguyen Duc Trung is weighing up the interest rate situation after several state banks moved to lower mobilising rates in the past week.
more banks cut deposit rates

More banks cut deposit rates

A series of commercial banks like MB, Techcombank, ACB, Sacombank, VIB lowered deposit rates for some terms.
small banks look to make bigger waves

Small banks look to make bigger waves

Small banks are weighing up whether to hike their chartered capital to foster strength.
banking mergers get hotter

Banking mergers get hotter

Various Vietnamese banks are seeking merger and acquisition (M&A) deals as well as strategic partners to make them stronger.
city banks asked to step up support for businesses

City banks asked to step up support for businesses

The State Bank of Viet Nam's HCMC branch has urged commercial banks in the city to take further measures to help firms revive production and increase their own credit portfolio.
two vietnamese banks honoured by asian banker

Two Vietnamese banks honoured by Asian Banker

The Asian Banker magazine has awarded the prestigious Best Cash Management Bank in Vietnam and Leading Counterparty Bank in Vietnam to the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
banks have money to lend but few takers

Banks have money to lend - but few takers

Some of Vietnam’s leading banks are now reporting modest credit growth at best - and even contraction in some cases-despite ample capital resources and sliding lending rates.
tackling the challenge of the banks bad debts

Tackling the challenge of the banks’ bad debts

The Ministry of Planning and Investment’s Central Institute for Economic Management deputy head Dr. Vo Tri Thanh recently spoke with VIR about ways to handle banks’ bad debts in an effective manner after the establishment of the national asset management company.