sp downgrade rocks local banking industry

S&P downgrade rocks local banking industry

Standard & Poor’s downgrade of Vietnam’s banking industry last week has received sideways glances from leading economists in the country.
equity regulation to deter investor plans

Equity regulation to deter investor plans

Foreign investors are warning of a slump in foreign direct investment if Vietnam’s policy-makers green-light a controversial rule.
banks bond buys could leave firms in the lurch

Banks’ bond buys could leave firms in the lurch

Concerns are growing over commercial banks’ enormous purchase of government bonds. Ho Chi Minh City’s National Assembly deputy Tran Du Lich said looking at the government’s 2011-2015 government bond issuance programme, many deputies were worried that enterprises would continue finding it hard to borrow from banks, as they did in 2010.
economy still looking for its mojo

Economy still looking for its mojo

In October, Vietnam’s stock market was mainly in correction mode with falling liquidity.
banking sector seeks the right moves

Banking sector seeks the right moves

Industry insiders are digging into banking sector restructuring.
europe seals deal to contain debt crisis

Europe seals deal to contain debt crisis

Europe sealed a last-ditch deal Thursday to fix its festering debt crisis, shoring up its bailout fund, pledging new funds for Greece and pushing banks to share the pain at a summit vital to the health of the global economy.
a reshuffled deck key to winning hand

A reshuffled deck key to winning hand

Vietnam’s banking sector has enjoyed a boom time in recent years, but low asset quality and a particularly high ratio of non-performing loans, has triggered great concern, writes Vietcombank Securities analyst Quach Thuy Linh.
merkel sarkozy maintain crisis cure in sight

Merkel, Sarkozy maintain crisis cure in sight

Europe will find a cure for its debt crisis between now and Wednesday, the leaders of Germany and France vowed after fixing plans to recapitalise banks out of pocket over Greece.
banking sector faces world of change

Banking sector faces world of change

Industry experts are weighing up what to do with banking sector restructuring.
state bank to focus on security liquidity

State Bank to focus on security, liquidity

The State Bank of Vietnam will continue to closely monitor the monetary market and the banking sector to discover violations and help banks deal with liquidity-related problems, the bank said.
dollar rises to nearly vnd21000

Dollar rises to nearly VND21,000

With the State Bank of Vietnam today increasing the interbank dollar exchange rate for the eighth time this month, the ceiling price at banks rose to VND20,930.
small banks will back to the wall

Small banks will back to the wall

Higher capital costs are leaving small banks with liquidity difficulties.
sixteen banks sign deal to hold deposit rates

Sixteen banks sign deal to hold deposit rates

Sixteen large banks on October 12 signed an agreement to keep their deposit interest rates under 14 per cent for one-month terms, and 6 per cent for non-term rates.
eu presses banks to beef up coffers

EU presses banks to beef up coffers

The European Union pressed banks to urgently beef up their coffers against the crisis as it raced to revamp the eurozone debt rescue fund after winning a reprieve from Slovakia.
european stocks climb on eurozone pact

European stocks climb on eurozone pact

European shares firmed on Monday as investors gave a cautious welcome to a Franco-German pact to support troubled banks, while became the first lender to succumb to the eurozone debt crisis.