06-09-2011 08:40
A number of Vietnam’s banks are expanding their activities by opening their branches abroad.
05-09-2011 17:18
Vietnam’s banking system outlook over the next 12 to 18 months remains negative, in line with the country’s sovereign debt, Moody’s Investors Service said, citing concerns about falling profits and poor asset quality.
05-09-2011 16:14
The head of the International Monetary Fund Christine Lagarde insisted that European banks needed extra capital, in a magazine interview on Monday.
01-09-2011 17:39
Commercial banks may lend over 80 per cent of their deposits, under a new circular issued by the State Bank of Vietnam. The new regulation would also allow non-bank credit institutions to lend up to 85 per cent of their deposits.
01-09-2011 10:08
The State Bank of Vietnam (SBV) has issued a new regulation to remove the lending cap of 80 per cent imposed banks as of September 1.
30-08-2011 16:00
The government’s banking sector restructuring plan has been applauded by industry insiders.
30-08-2011 11:16
The State Bank of Vietnam on August 29 raised the foreign currency compulsory reserves ratio for commercial banks by 1 percentage point to 8 per cent of total deposits in a move to limit the growing number of new loans being made in US dollars.
29-08-2011 12:27
The State Bank of Vietnam will hold the line on the prime rate while increasing pressure on commercial banks to comply with the cap on deposit interest rates, State Bank Governor Nguyen Van Binh has announced last week in a bid to help commercial banks reduce borrowing costs.
29-08-2011 10:00
Reducing Vietnam’s lending interest rate, stabilising the VND/USD exchange rate and consolidating the bulky system of credit institutions are all high on newly-elected State Bank Governor Nguyen Van Binh’s agenda.
29-08-2011 07:25
Ho Quoc Tuan, a doctoral candidate at the United Kingdom’s Manchester University, examines the best way to restore order to the local bullion market and create a balance between domestic and world market gold prices.
26-08-2011 15:40
Bank lending interest rates in Ho Chi Minh City have dropped to as low as 17 per cent as banks have begun to cut rates that had reached up to 25 per cent.
25-08-2011 16:13
Escalating gold prices have resulted in banks struggling to keep customers’ deposits.
25-08-2011 11:09
Bad property debts could threaten the local banking sector.
23-08-2011 09:11
US money-market funds cut their exposure to European banks in June and July as worries mounted over the eurozone debt crisis, Fitch Ratings said Monday.
22-08-2011 09:00
Vietnam’s banking sector needs a shake-up with too many banks offering not enough services.