a guiding hand to direct banks

A guiding hand to direct banks

Controlling inflation and restructuring the banking system are big challenges for the State Bank in 2012. VIR’s Trinh Trang talks with State Bank Governor Nguyen Van Binh on the outcome of the central bank’s efforts in 2012 and the road ahead for 2013.
anzs true value as market leader

ANZ’s true value as market leader

While Vietnam’s domestic banking sector faces a challenging time, ANZ Vietnam is seeking to use its stature as a foreign bank with a rich history to strengthen its leading position in Vietnam’s market. Tareq Muhmood, chief executive officer of ANZ Vietnam, shares his views with VIR’s Ngoc Linh.
banks race to grab customers

Banks race to grab customers

Anticipating the chronic surging demand for capital during the year-end period, local banks are racing to offer concessionary credit packages to woo customers.
banks continue to be in a pickle

Banks continue to be in a pickle

Continuing economic difficulties are hitting banks’ dividend payments.
bullion markets latest moves in focus

Bullion market’s latest moves in focus

Last week, several banks reportedly refused to buy the national branded SJC gold bars in their previous design, preferring the new design launched several months ago.
working to address bad debts

Working to address bad debts

Tackling banks’ bad debts remains a puzzling question.
seafood breeders accessing loans at high interest rates

Seafood breeders accessing loans at high interest rates

Although the State Bank has instructed five commercial banks to provide loans to pig and seafood breeders at a low interest rate of 11 per cent a year, several breeders are still borrowing at 15 per cent, according to the Ministry of Agriculture and Rural Development.
vinacomin gets 300 million loan for building tan rai project

Vinacomin gets $300 million loan for building Tan Rai project

Vietnam National Coal and Mineral Industries Holding Corporation Limited, better known as Vinacomin, last week received $300 million loan from a group of foreign banks for constructing the country’s first bauxite and alumina project.
duo look for mega merger

Duo look for mega merger

A potential merger between two top-tier private creditors Sacombank and Eximbank would create a new giant in Vietnam’s financial system.
stubborn lending rates

Stubborn lending rates

Enterprises still want lower lending rates, but banks have little room to manoeuvre because of the need to control inflation.
groundhog day with banks bad debts

Groundhog day with banks’ bad debts

Banks’ bad debts are again under the spotlight. For example, in late 2012’s third quarter, Sacombank’s bad debt rate hiked sharply from 0.57 per cent by the end of 2011 to 1.4 per cent.
stubborn economic woes hit on banks capital commitments

Stubborn economic woes hit on banks’ capital commitments.

In their statements to the general annual shareholders meetings for 2012, most Vietnamese banks mulled hiking chartered capital to add financial heft and sharpen competitiveness.
state banker describes changing market

State banker describes changing market

Deputy director Nguyen Hoang Minh at State Bank of Vietnam’s Ho Chi Minh City branch office brings some light to the city’s capital supply and banks’ performance in later months of the year.
gold prices cool but still remain rather hot

Gold prices cool but still remain rather hot

Vietnam’s gold prices are now trending downward after some banks have gradually completed adjusting their gold positions under new State Bank regulations.
shining a light on the gold price conundrum

Shining a light on the gold price conundrum

The domestic market bullion price has far outpaced the world market in recent months on the back of an undersupply, especially when banks have tremendous demands for the yellow metal to balance their gold position.