anz has resources for firms to exploit

ANZ has resources for firms to exploit

ANZ Bank last week joined with other foreign banks to provide a $300 million loan to PetroVietnam Exploration Production Corp.
state powerhouses toasting a profitable 2012 to report profit for 2012

State powerhouses toasting a profitable 2012 to report profit for 2012

Giant state-owned commercial banks including BIDV, VietinBank and VietcomBank all reported slight increase in profit for 2012.
ifc uses its expertise to help tackle npl problem

IFC uses its expertise to help tackle NPL problem

Non-performing loans (NPLs) may continue to rise, even as the State Bank works to resolve the crisis.
banks call for room to fund giant projects

Banks call for room to fund giant projects

Vietnam-based bankers are suggesting that the State Bank should actively ease regulations on single-borrower limits to enable them to finance large foreign invested projects.
foreign banks fund pvep investment activities

Foreign banks fund PVEP investment activities

The signing ceremony of the $300 million credit loan contract between Petro Vietnam Exploration Production Corporation (PVEP) and a group of foreign banks took place in Hanoi on January 18.
more problems emerge in gold bullion restriction

More problems emerge in gold bullion restriction

A number of new problems continue to attract complaints a week after the restriction on the gold bullion trading market took effect, with even the banks licensed to buy and sell the precious metal now facing challenges in following the new rule.
banks profits to head south

Banks profits to head south

Dragging economic hardships are expected to dampen the banking sector profits in 2013, several experts say.
thinking out of the square

Thinking out of the square

The State Bank has confirmed the ceiling deposit rate scheme will continue to be applied in 2013. Senior economic expert Bui Kien Thanh looks at ways to ease lending rates without resorting to the use of ceiling rates.
evn secures 258 billion loan for 2013 projects

EVN secures $2.58-billion loan for 2013 projects

The Electricity of Vietnam Group (EVN) is completing procedures and negotiations with foreign banks and financial institutions to get a $2.58-billion loan for its power projects in 2013.
banks take no action in gold bar trade

Banks take no action in gold bar trade

Government Decree 24 took effect on Thursday but many of the banks and companies that have been allowed to buy and sell gold bars in HCMC made no move.
struggling banks grapple with radical restructuring plans

Struggling banks grapple with radical restructuring plans

Struggling banks are racing against time to speed up their restructuring.
banks rethink on us atm fee collections

Banks rethink on-us ATM fee collections

After the central bank has allowed collection of on-us ATM (automated teller machine) transaction fees starting in March, local banks are considering various collection schemes with some saying to charge lower than the maximum rate of VND1,000 per transaction while others saying ‘no’ to this fee to keep customers.
bank of tokyo mitsubishi looms large on the radar

Bank of Tokyo-Mitsubishi looms large on the radar

After more than tripling its chartered capital in Vietnam in mid-2011, Bank of Tokyo-Mitsubishi UFJ has become one of the largest-capitalised credit institutions in the country.
banks enter rates race

Banks enter rates race

In a bid to woo more customers, banks are promoting higher interest rates on deposits despite a State Bank order to reduce rates.
japanese investor keen on vietnamese banks

Japanese investor keen on Vietnamese banks

Several Japanese investors have seen the slump in the securities market as an opportunity to buy stocks on the cheap in Vietnamese banks.