hsbc is ready to rise to the challenge

HSBC is ready to rise to the challenge

“But the beauty of a young market is you have an almost un-exploited land to discover.”
state bank tries to limit number of gold traders

State Bank tries to limit number of gold traders

Banks that trade in gold must establish separate companies with independent accounts, according to the Vietnam Gold Trading Association (VGTA).
big banks relieved as fed sets debit card rule

Big banks relieved as Fed sets debit card rule

The Federal Reserve on Wednesday slashed the fees which banks charge for debit card transactions, but did not cut them as deeply as initially expected, handing a partial victory to Wall Street.
200 industries affected amid credit crunch

200 industries affected amid credit crunch

Up to 200 realty-related industries , both in production and service, have been badly affected as banks are tightening lending for the real estate sector to meet the government’s requirement in limiting non-production loans.
lending interest rate to fall from july

Lending interest rate to fall from July

The State Bank of Vietnam has said big commercial banks have agreed to cut lending interest rates to 12 to 12.5 per cent per annum starting next month, newswire Vneconomy reported.
banks face tough juggling act

Banks face tough juggling act

Foreign banks’ January-April credit growth was 14.7 per cent, or more than double that of the banking system as a whole.
german banks will participate in greek rescue banker

German banks will participate in Greek rescue: banker

The head of an influential German banking federation said Saturday that private banks would play a role in a new eurozone rescue package for Greece, a participation strongly backed by the German government.
dollar rates to remain stable until year end

Dollar rates to remain stable until year-end

The US dollar-Vietnamese dong exchange rate is expected to hold steady to the end of this year, but ANZ and Standard Chartered banks anticipates a dong devaluation early next year.
banks buffeted by strong winds

Banks buffeted by strong winds

Banks are struggling in the current uncertain economic climate.
state bank sets limits on gold trade

State Bank sets limits on gold trade

People will continue to have the right to buy and sell gold bars but only at banks and authorised businesses, the State Bank of Vietnam (SBV) said in its final draft decree on the management of gold-trading activities.
banks target higher second half earnings

Banks target higher second-half earnings

Local commercial banks are hoping to earn higher profits in the next two quarters of the year so that they can meet their annual pretax targets, but current market conditions make this a difficult task.
banking to fall into shape by years end

Banking to fall into shape by year’s end

Industry insiders expect banks’ interest rates to cool off from 2011’s third quarter.
great interest in the money circle

Great interest in the money circle

National Financial Supervisory Commission deputy head Le Xuan Nghia tells VIR why banks’ deposit rates continue to face tension on the back of easing inflation.
banks lending options set to be narrowed

Banks’ lending options set to be narrowed

Businesses could soon be forced to dig deeper to source bank loans.
central bank to crack down on interest rate abuses

Central bank to crack down on interest rate abuses

The State Bank of Vietnam (SBV) has requested commercial banks to strictly conform to regulations on VND deposit interest rates.