gold deposit rates pick up again

Gold deposit rates pick up again

Gold deposit rates have been rising since early September, hitting the highest rate of 2.5 per cent per year, as banks are struggling with a lack of gold liquidity.
banks sticky hands reach for greenbacks

Banks’ sticky hands reach for greenbacks

Banks are becoming net purchasers of foreign currencies, creating a good base for the forex market despite exporters’ increased demand for foreign currencies at the year-end.
banks eyes reputation

Banks eyes reputation

Standard Chartered will reserve $1 million for a new “Comprehensive Eye Care Development Project” in Vietnam.
opinions differ over gold import

Opinions differ over gold import

Several banks have yet to mobilize enough gold to settle their contracts before gold lending and mobilization get banned from November 25, raising a question whether gold import should be allowed now. But experts are greatly at odds over the question.
gold market proves a major conundrum

Gold market proves a major conundrum

Industry insiders are trying to get their heads around how to effectively control the local bullion market.
banks court customers as capital tightens up

Banks court customers as capital tightens up

The limit in interbank activities and the stagnation of capital in non-performing loans is prompting banks to seek more deposits.
govt plans to fix all weak banks in 2013

Gov’t plans to fix all weak banks in 2013

The government has tasked the State Bank of Vietnam to take necessary measures to tighten discipline on the banking sector and fix all weak banks in 2013, according to the government’s newly-issued resolution.
vietnam may waste 22bln in public gold reserves

Vietnam may waste $22bln in public gold reserves

The public is currently holding some 400 tons of gold, worth a massive $22 billion, in reserve, but this huge source of foreign currency will remain uncirculated if the State Bank of Vietnam insists on banning banks from mobilizing gold deposits.
getting to the bottom of a big banking question

Getting to the bottom of a big banking question

Industry experts are digging into why banks have favoured scaling-up mobilisation versus modest credit growth.
london can help bring banks to account

London can help bring banks to account

Vietnam’s ongoing banking and financial reforms and dire need of infrastructure development have caught the eyes of United Kingdom investors.
banks showing great interest in customers

Banks showing great interest in customers

Banks are scaling up efforts to attract depositors in preparation for the year-end peak trading season.
ratings paint accurate company picture

Ratings paint accurate company picture

Industry insiders are chewing over Vietnam’s credit ratings.
propertys foreign sos

Property’s foreign SOS

Debate over a proposal to allow foreign credit institutions in Vietnam to back real estate mortgages is intensifying.
scratching of heads at bank listing

Scratching of heads at bank listing

Industry players are weighing up the central bank’s latest circular on banks’ listing.
chairman 2 deputies suddenly resign from acb

Chairman, 2 deputies suddenly resign from ACB

The chairman and two deputy chairmen of ACB, one of Vietnam’s largest banks, have resigned, the bank made the unexpected announcement today afternoon.