27-11-2012 10:30
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.
26-11-2012 08:00
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.
23-11-2012 09:10
Anticipating the chronic surging demand for capital during the year-end period, local banks are racing to offer concessionary credit packages to woo customers.
22-11-2012 16:26
Continuing economic difficulties are hitting banks’ dividend payments.
22-11-2012 16:17
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.
20-11-2012 11:11
Tackling banks’ bad debts remains a puzzling question.
15-11-2012 12:49
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.
15-11-2012 10:01
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.
13-11-2012 10:21
A potential merger between two top-tier private creditors Sacombank and Eximbank would create a new giant in Vietnam’s financial system.
13-11-2012 10:18
Enterprises still want lower lending rates, but banks have little room to manoeuvre because of the need to control inflation.
10-11-2012 17:00
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.
06-11-2012 17:00
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.
06-11-2012 13:49
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.
06-11-2012 11:14
Vietnam’s gold prices are now trending downward after some banks have gradually completed adjusting their gold positions under new State Bank regulations.
06-11-2012 11:11
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.