interest rates adjusted down

Interest rates adjusted down

The State Bank late last week cut down its base and benchmark interest rates, allowing commercial banks to further slash lending rates this week.
banks backing gdp target

Banks backing GDP target

Foreign banks expected Vietnam to reach its GDP target despite many issues to overcome.
clear heads need to prevail in banking crisis

Clear heads need to prevail in banking crisis

Thailand’s banking system has rebounded strongly from the country’s 1997 financial crisis. On the sidelines of the recent East Asia Conference for Financial Stability in Hanoi, Bank of Thailand assistant governor Salinee Wangtal told VIR’s Trinh Trang about lessons that Thailand’s bankers learned on implementing monetary policies after the crisis.
ifc investing in vietnam to help settle banking issues

IFC investing in Vietnam to help settle banking issues

Non-performing loan and cross-ownership are two big issues that Vietnam has to clean up in its banking sector to improve investors’ confidence in the economy.
vietnam airlines receives loan to buy airbus a321 aircraft

Vietnam Airlines receives loan to buy Airbus A321 aircraft

Taiwan based Cathay United Bank (CUB) and other five banks have successfully arrange a 100 per cent funded loan valued at $60 million for Vietnam’s state-owned Vietnam Airlines Corporation to buy one Airbus A321 from France aircraft manufacturer Airbus.
eu finance ministers divided on bank supervision

EU finance ministers divided on bank supervision

EU finance ministers engaged Tuesday in arduous talks aimed at setting up a new system for cross-border supervision of thousands of banks as sharp differences emerged between Berlin, London and Paris.
banks work to get property moving

Banks work to get property moving

Banks are scaling up efforts to inject capital into property area to boost lending and warm up a sleepy property market.
acb pulls back from holdings

ACB pulls back from holdings

Under fire Asia Commercial Bank is to make a bold withdrawal of its holdings in other banks to narrow the focus of its business.
reshaping of gold market speeds up

Reshaping of gold market speeds up

Vietnam’s banks have stopped issuing gold certificates for deposits under the nation’s new gold-control policies.
banks begin charging fees on gold deposits

Banks begin charging fees on gold deposits

Gold bullion bearing the national brand SJC saw another decrease yesterday of its selling price to VND47.22 million, and the buying price to VND47.07 million ($2,260 – $2,252) per tael.
21 institutions seek gold bullion trading licences

21 institutions seek gold bullion trading licences

Eight banks and 13 companies have filed their applications to acquire the licence needed to trade gold bullion, the Ho Chi Minh City branch of the State Bank of Vietnam announced Tuesday.
bancassurance drives baoviet forward

Bancassurance drives BaoViet forward

BaoViet Group, Vietnam’s leading financial insurance corporation, is focusing on bancassurance as one of its strategic products to grab the fledgling local market.
banks to face up to a stark choice

Banks to face up to a stark choice

A heavyweight piece of US banking legislation is set to land on global banks to increase tax revenue back to the US. But, are Vietnamese banks ready for this landmark move?
retail banking at the crossroads

Retail banking at the crossroads

Dr. Andreas Stoffers, a German retail banker with considerable experience in Vietnam’s banking sector, analyses the challenges and prospects for undertaking retail banking in Vietnam.
no easy medicine to cure banking woes

No easy medicine to cure banking woes

A crisis of bad debt is just one reason why Vietnam is restructuring its banking industry amid domestic and global economic turbulence. McKinsey & Company senior partner Joydeep Sengupta and partner Marco Breu offer their perspective on the challenges facing Vietnam’s banking sector.