banks expand activities abroad

Banks expand activities abroad

A number of Vietnam’s banks are expanding their activities by opening their branches abroad.
vietnams banking outlook to stay negative moodys says

Vietnam’s Banking Outlook to Stay Negative, Moody’s Says

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.
imf head warns again about europe bank capitalisation

IMF head warns again about Europe bank capitalisation

The head of the International Monetary Fund Christine Lagarde insisted that European banks needed extra capital, in a magazine interview on Monday.
banks get nod to lend up to 80 pct on deposits

Banks get nod to lend up to 80 pct on deposits

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.
central bank to remove lending cap

Central bank to remove lending cap

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.
bank plan gets thumbs up from industry leaders

Bank plan gets thumbs up from industry leaders

The government’s banking sector restructuring plan has been applauded by industry insiders.
banks told to raise foreign currency reserves

Banks told to raise foreign currency reserves

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.
central bank remains firm on interest rates

Central bank remains firm on interest rates

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.
state bank chief has full plate

State Bank chief has full plate

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.
taking sense amid gold frenzy

Taking sense amid gold frenzy

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.
banks begin to ease lending rates

Banks begin to ease lending rates

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.
galloping gold prices cause stampede for bank deposit withdrawals

Galloping gold prices cause stampede for bank deposit withdrawals

Escalating gold prices have resulted in banks struggling to keep customers’ deposits.
rotten property debts to erode banks

Rotten property debts to erode banks

Bad property debts could threaten the local banking sector.
us money funds cut european bank risk fitch

US money funds cut European bank risk: Fitch

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.
small banks need to make big impressions

Small banks need to make big impressions

Vietnam’s banking sector needs a shake-up with too many banks offering not enough services.