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.
gold demand falls as banks gain time for deposits

Gold demand falls as banks gain time for deposits

The demand for gold on the local market tumbles as banks are no longer in a rush to buy the precious metal to spur their liquidity, said the key trader of the benchmark gold SJC.
banks still on the back foot

Banks still on the back foot

Continuing economic difficulties and bad debts have bitten into bank profits.
banks being brought to account

Banks being brought to account

Banking restructuring is again under the spotlight.
state bank plans no import of gold

State Bank plans no import of gold

The State Bank of Vietnam has no plan to import gold any time soon since the metal is neither an essential item nor benefits the economy, Deputy Governor Le Minh Hung has said.
details on landmark bank acquisition unveiled

Details on landmark bank acquisition unveiled

Eximbank made a big splash in Vietnam’s financial industry earlier this year by wrapping up its takeover of Sacombank, one of the country’s leading commercial joint stock banks. Eximbank chairman Le Hung Dung shines further light on this landmark acquisition.
npl settlement shows little progress

NPL settlement shows little progress

Banks are working to address the problem of non-performing loans, while also awaiting measures from the government and State Bank to resolve the crisis.
ifc awards best gtfp issuing bank in asia to techcombank

IFC awards "Best GTFP Issuing Bank in Asia" to Techcombank

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been the only bank in the country to be honoured with the award "Best GTFP Issuing Bank" presented by IFC in recognition of Techcombank’s contribution to trade and supply chainsin Asia.
credit growths growing pains

Credit growth’s growing pains

Banking system credit growth for 2013 is under the spotlight.
banks npls still an elephant in the room

Banks’ NPLs still an elephant in the room

The banking system’s accumulation of bad debt and the transparency of inspection results of credit institutions have become a hot topic of discussion. Truong Ngoc Anh, chief of the Secretariat of the Banking Supervisory Agency, shares his views with VIR’s Nguyen Trang.
banks profits take a big hit

Banks’ profits take a big hit

Many Vietnamese banks have started watering down their profit targets amid slowing credit growth and bad debts.
foreign banks eye up npl impasse

Foreign banks eye up NPL impasse

In discussions with some foreign partners, I see they are very interested in Vietnam as it has hidden attractiveness.
banks to face a big stick

Banks to face a big stick

Scores of banks will face severe punishments for banking and monetary violations from 2013.
eu leaders seal bank plan to beat crisis

EU leaders seal bank plan to beat crisis

European leaders agreed Friday to police thousands of eurozone banks beginning next year as they sought to boost growth in their austerity-battered economies and create much-needed jobs.
dose of good medicine for sick banks

Dose of good medicine for sick banks

Industry experts are chewing over ways to make the local banking system healthier.