banks fee and commission income is still small beer

Banks’ fee and commission income is still small beer

Moreover, the profit margin from credit activities is much higher than that from services. However, more banks will focus on services in the future
taking aim at banks credit growth

Taking aim at banks’ credit growth

Industry insiders are attacking foreign banks’ credit growth in 2012.
credit growth targets under microscope

Credit growth targets under microscope

Industry insiders are scrutinising banking authority moves allocating credit growth targets to specific bank groups.
cbank allocates 2012 credit growth caps for more banks

Cbank allocates 2012 credit growth caps for more banks

The State Bank of Vietnam has allocated 2012’s credit growth caps for more lenders.
japan banks finance highway project in vietnam

Japan banks finance highway project in Vietnam

A credit agreement for the Hanoi-Hai Phong Highway project was signed on February 22 in Tokyo between the Vietnam Development Bank (VDB) and Sumitomo Mitsui Bank Corporation (SMBC) and Citibank of Japan.
acb eximbank raise gold depositing rate 05 pct

ACB, Eximbank raise gold depositing rate 0.5 pct

Two leading commercial banks, Asia Commercial Joint Stock Bank (ACB) and Vietnam Export-Import Bank (Eximbank), have raised the gold depositing rate by 0.5 per cent to 3 per cent per year.
cbank withdraws vnd1345 trillion via omos

Cbank withdraws VND134.5 trillion via OMOs

The State Bank of Vietnam (SBV) has withdrawn about VND134.5 trillion ($6.46 billion) that was pumped into the banking system for liquidity support via Open Market Operation (OMOs) during the pre-Tet (Lunar New Year) period.
cultivating key economic solutions

Cultivating key economic solutions

On January 4, 2012, Vietnam’s government released Resolution 01/NQ-CP, on seven key solutions for 2012.
government bond yields plummet

Government bond yields plummet

Vietnam government bond yields fell to the lowest level in 10 months on increasingly strained banking liquidity.
banking on some quick solutions

Banking on some quick solutions

Banking sector restructuring is one of government’s top priorities in 2012. State Bank deputy governor Nguyen Dong Tien shines further light on how banking authorities will handle the task in 2012.
weak banks to miss credit growth allocation

Weak banks to miss credit growth allocation

According to an instruction issued by the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on Feb. 13, banks belonging to Group 4 (weak banks) will not be allocated any credit growth this year.
interest rates unlikely to be dragged down

Interest rates unlikely to be dragged down

Industry insiders are weighing up smart ways to pull down bank interest rates in 2012.
oil to get liquidity machine moving

Oil to get liquidity machine moving

A strong hand is getting to grips with the banking system’s liquidity problems.
under fire deposit insurance law can do the job

Under fire Deposit Insurance Law can do the job

Scores of industry insiders argue that the draft Law on Deposit Insurance which does not insure gold and foreign currencies will make it difficult for banks to raise these assets from the community.
acb eximbank sacombank rumored to form new alliance paper

ACB, Eximbank, Sacombank rumored to form new alliance: paper

The current alliance of Asia Commercial Joint Stock Bank (ACB)-the Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) and other related individuals holds enough of a stake in Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to call for an irregular shareholder meeting to form a new alliance.