banks joining race to raise capital

Banks joining race to raise capital

Confident local banks are rolling out capital hike plans this year. Headlining the trend is Vietinbank with State Bank approval to raise its chartered capital to VND26,217 billion ($1.2 billion) from VND20,228 billion ($970 million) by issuing dividend shares.
state bank targets lower rates

State Bank targets lower rates

The State Bank of Vietnam (SBV) will lower the yearly interest rate to 12 per cent because of stable macroeconomic conditions, slowly increasing inflation, improved bank liquidity and credit.
banks look to be global players

Banks look to be global players

Local banks are displaying a growing appetite for global reach.
adb project helps promote border trade activities

ADB project helps promote border trade activities

Vietnam should set up a border trade loan guarantee fund to provide preferential guarantee and training for commercial banks regarding small and micro business loans.
banks shoot to minimise risks bad debt

Banks shoot to minimise risks, bad debt

Commercial banks are striving to applying several risk control measures, essentially improving credit quality and reducing bad debt, as they confront a worsening problem with non-performing loans.
banking on ma changes

Banking on M&A changes

Industry insiders are weighing up banking sector mergers and acquisitions.
improved liquidity reflects confidence

Improved liquidity reflects confidence

Interbank rates are falling in step with improved bank liquidity, lower demand for credit, risk-averse banks and State Bank bills.
foreign invested banks see increased profitability

Foreign-invested banks see increased profitability

Foreign-invested banks in Vietnam reported a considerable rise in their profits in 2011 despite the economy recession.
bank merger deals expected to mushroom

Bank merger deals expected to mushroom

Merger and acquisition (M&A) in banks will be boosted in the next five years as part of efforts to overhaul the entire banking system and speed up the formation of one to two regional-class commercial banks in Vietnam.
bank learn to look after number one

Bank learn to look after number one

Banks are scaling up efforts to address credit quality and drive down bad debt rates.
techcombank wins best emerging market bank 2012 in asia award

Techcombank wins “Best Emerging Market Bank 2012 in Asia” Award

key state banks are told to front up

Key state banks are told to front up

The central bank has ordered major state-owned banks to trim their lending rates, cut spending and boost operational efficiency.
move to fortify forex positions

Move to fortify forex positions

The State Bank should consider issuing bills or bonds in USD, instead of VND to increase forex reserves or paying off overseas debts and encouraging direct and indirect foreign investment - Vu Thanh Tu Anh - Head of research at the Fulbright Economics Teaching Programme
banks asked to lower lending interest rates

Banks asked to lower lending interest rates

The State Bank of Vietnam has asked State-owned, commercial banks and joint stock banks in which the State holds more than 50 per cent of their registered capital to cut operation costs and lower lending interest rates.
banks polish golden potential

Banks polish golden potential

Banks are working to maximise golden advantages.