Citi, DBS and HSBC provide syndicated loans to Vietnam Airlines

Three banks of Citi, DBS and HSBC today joined together to provide a syndicated loan, to Vietnam Airlines for the purchase of eight Airbus A321-231S from Airbus.
commercial banks buy gold above market price

Commercial banks buy gold above market price

A number of commercial banks have begun buying gold at above market prices to encourage gold depositors to convert gold holdings to Vietnamese dong savings.
banks suffer liquidity strains as deposits fall

Banks suffer liquidity strains as deposits fall

People are still shunning Vietnamese dong deposits and smiling on banking in US dollars and gold this year, causing local currency liquidity problems for some local banks.
state bank of vietnam buys 1 billion

State Bank of Vietnam buys $1 billion

The State Bank of Vietnam (SBV) has purchased $1 billion from commercial banks since late April.
banks scramble to raise lending rates

Banks scramble to raise lending rates

Local banks are scaling up personal loan lending rates to cover escalating operational costs.
banks cash in on forex rates

Banks cash in on forex rates

A surprise move yesterday which saw several commercial banks raising dollar selling prices to the maximum permitted level and then reducing prices late in the afternoon triggered concerns about dollar trading in the system.
banks swim against the tide

Banks swim against the tide

Vietcombank (VCB) and Vietinbank (CTG) climbed despite the market continuing to fall today.
local banks too shy to court new partners

Local banks too shy to court new partners

Local commercial joint stock banks are backing away from courting strategic foreign partners this year.
two more smartlink banks connect with vnbc network

Two more Smartlink banks connect with VNBC network

Smartlink Card Services Joint Stock Co (Smartlink) and its members have successfully connected with the Vietnam Bank Card Co (VNBC) network, allowing customers to use the VNBC’s ATM system, the companies have announced.
only one third of smes able to get bank loans

Only one third of SMEs able to get bank loans

Just one third of Vietnamese small to medium-sized enterprises (SMEs) can get loans from banks, according to a recent survey by the Ministry of Planning and Investment.
techcombank selects experian to enhance customer credit risk management

Techcombank selects Experian to enhance customer credit risk management

Techcombank, one of Vietnam’s leading joint-stock commercial banks, has selected Experian, the global information services company, to provide customer credit risk, analytics and services to support its growing customer portfolio.
banks left with a weighty gold problem

Banks left with a weighty gold problem

The State Bank’s new regulations banning gold deposits and credit activities have left a problem for banks with stockpiled gold.
central banks urge budget corrections trichet

Central banks urge budget corrections: Trichet

Central bankers are pressing advanced economies to gradually improve their budgets while fast growing emerging nations must guard against overheating, ECB chief Jean-Claude Trichet said on Monday.
declining us dollar gives new competitive edge to imports

Declining US dollar gives new competitive edge to imports

A declining US dollar price on the free market and at commercial banks has given imported goods a competitive edge over their domestic counterparts, industry insiders say.
black market for us dollar on the wane

Black market for US dollar on the wane

The US dollar exchange rate in banks has risen higher than in the free market, prompting people and enterprises to trade with banks rather than the black market.