bad debts weigh on banks minds

Bad debts weigh on banks’ minds

Attacking bad debts will help address the credit growth problem.
local banks learn people strategies from foreign counterparts

Local banks learn people strategies from foreign counterparts

Vietnam’s banking sector started a new phase in April, 2007 when the nation fully joined the World Trade Organization (WTO) and more international financial institutions came to explore local bank strategic shareholder opportunities.
deposit interest rates may fall to 9 per cent by year end

Deposit interest rates may fall to 9 per cent by year-end

Deposit interest rates offered by commercial banks are likely to come down to between 9 and 10 per cent per annum by the end of this year, said Nguyen Van Binh, governor of the State Bank of Vietnam.
risk adverse cash rich banks failing to come to the party

Risk adverse, cash rich banks failing to come to the party

Many banks are suffering negative credit growth rates despite offering attractive loan packages.
eurozone crisis drives stocks lower despite facebook frenzy

Eurozone crisis drives stocks lower despite Facebook frenzy

World stock markets fell again in nervous trade on Friday and the euro hit a new four-month low against the dollar as ratings agencies further downgraded Greek and Spanish banks.
credit growth a tough ask

Credit growth a tough ask

Banks face a challenging road ahead to expand credit growth due to continuing economic difficulties.
bankers ask pointed questions

Bankers ask pointed questions

Bankers are asking searching questions about Vietnam’s banking sector and the State Bank’s monetary policies.
banking restructuring is nothing to be feared

Banking restructuring is nothing to be feared

Credit institutions that do not thoroughly restructure will miss a precious opportunity to improve their competitiveness.
sscs market overhaul is set to gather steam

SSC’s market overhaul is set to gather steam

The State Securities Commission is determined to shorten equities trading times despite foreign banks’ concerns.
government bonds now in fashion back

Government bonds now in fashion back

Vietnam saw some of the biggest reductions in government bond yields in Asia during 2012, as local banks’ short-term idle money increased due to the government’s tightened credit policies.  
spain imposes drastic reform to clean up banks

Spain imposes drastic reform to clean up banks

announced Friday drastic reforms forcing banks to set up a new 30-billion-euro ($39 billion) financial cushion and to remove risky from their accounts.
banks to postpone fees on internal atm transactions

Banks to postpone fees on internal ATM transactions

Members of Vietnam Bank Card Association have decided not to collect internal ATM transaction fees this year.
credit squeeze is leaving firms on their knees

Credit squeeze is leaving firms on their knees

The State Bank recently cut key interest rates on government concerns over signs of economic stagnancy in Vietnam, such as high inventories and negative credit growth. LienVietPostBank’s vice chairman Nguyen Duc Huong tells VIR’s Nguyen Hanh why he supports the moves.
banks interest rates a mixed bag

Banks’ interest rates a mixed bag

The jury is out on banks’ ceiling interest rate scheme.
eu inches closer to deal on bank capital

EU inches closer to deal on bank capital

EU finance ministers inched closer Thursday to an to beef up capital rules for banks against future crises after a heated debate between British-led nations and a Franco-German bloc.