09-02-2013 08:50
The State Bank of Vietnam (SBV) is gathering opinions from local banks and credit institutions on its draft circular on gold bar trading.
06-02-2013 09:14
A 5-year loan of EUR 120 million ($155 million) was signed between Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and two giant foreign banks, without the secured commitment of the Vietnamese government or any third party, on February 4th in Hanoi.
05-02-2013 14:28
Championing consumer lending, particularly car purchases, has proven tough for banks amid impotent market demand.
04-02-2013 15:29
A recent Hanoi Stock Exchange (HNX) report shows that seven major banks in Vietnam purchased VND100 trillion ($4.8 billion) government bonds in primary market in 2012, nearly double the total figures of 2009-2011.
01-02-2013 09:03
Local banks licensed for gold bar trading have yet to make gains from this business, with some even having incurred losses due to stringent trading regulations of the State Bank of Vietnam.
30-01-2013 14:26
The bullion market has been fairly stable two weeks after gold bar transactions were restricted only to licenced businesses under Decree 24/2012/ND-CP. State Bank Ho Chi Minh City branch office deputy director Nguyen Hoang Minh shines further light on the issue.
29-01-2013 19:30
Two leading commercial banks of Vietnam, Vietnam Export-Import Bank (Eximbank) and Saigon Thuong Tin Bank (Sacombank), will merge into one in the next 3-5 years.
29-01-2013 14:46
Vietnam’s restructuring banking industry is moving ahead with plans to cut staff after initially announcing plans to cut salaries and bonuses for their staff in the 2013 Lunar New Year.
29-01-2013 14:20
Several analysts are expecting Vietnam’s government bond yield to sink below its record low of 2009, as commercial banks still find it hard to increase lending and have to place money in bonds.
29-01-2013 11:34
Financial sector merger and acquisition (M&A) transactions will keep increasing this year as the government restructures the banking sector. Ed Johns, advisory associate director at PricewaterhouseCoopers Vietnam, puts VIR’s Linh Mai into the picture.
29-01-2013 10:28
The State Bank last week released a new circular stipulating stricter requirements on the classification of non-performing loans.
23-01-2013 14:27
While gold owners are no longer able to store their precious metal at banks for safety and interest, the credit institutions themselves are in trouble over a huge amount of outstanding long-term loans in gold.
23-01-2013 09:53
With banks no longer accepting deposit in gold bullion, and while gold-keeping services are being offered at high prices, gold owners now have no choice but to keep their bullion at home.