property lending cooled to guard against inflation

Property lending cooled to guard against inflation

Access to property-oriented loans is being ring fenced as banks attempt to limit lending to non-productive sectors.
foreign bankers have plenty to chew over

Foreign bankers have plenty to chew over

Tomaso Andreatta, banker and deputy chairman of EuroCham Vietnam, talks with VIR’s Thu Hanh about recent changes to banking regulations and their impacts on foreign banks.
italian banks ready to fund parmalat rescue

Italian banks ready to fund Parmalat rescue

Three Italian banks are ready to support an alliance of companies taking a stake in global dairy group Parmalat to block French cheesemaker Lactalis from gaining control, banking sources said Friday.
demand for foreign currency reveals need for stricter regulations

Demand for foreign currency reveals need for stricter regulations

The State Bank of Vietnam (SBV) must find a way to meet legitimate demand for foreign currencies, says Dr. Cao Sy Kiem, the former governor of SBV.
plastic set to go the distance

Plastic set to go the distance

Vietnam’s bank card market will become vibrant in 2011 with some foreign banks getting involved in the issuance of local ATM cards, with consumers to benefit the most from the drive, said Smartlink Card Services Joint Stock Company deputy general director Nguyen Dang Hung.
agms to accelerate banks charter capital raising

AGMs to accelerate banks’ charter capital raising

The annual shareholder general meeting season this year has re-triggered a race among local joint stock banks to raise their chartered capital.
small banks have their backs against the wall

Small banks have their backs against the wall

Small banks will struggle to fulfill their 2011 profit targets following a recent banking authorities’ decision to retain outstanding loan growth of less than 20 per cent.

Lenders still wary of state bonds

Local banks have yet to regain their appetite for government bonds.
hiking charter capital just the ticket for banks

Hiking charter capital just the ticket for banks

Scores of local banks intend to hike their chartered capital in 2011.
state bank calls on banks to focus on small firms

State Bank calls on banks to focus on small firms

The State Bank of Vietnam (SBV) has reminded commercial banks to abide by its directive to prioritise lending for the manufacturing and SMEs sectors.
mobilisation pressures weighing on lenders

Mobilisation pressures weighing on lenders

Hiking non-term deposit interest rates has provided an emergency exit for banks running short of funds.
new regulations on individual gold and foreign currency issued

New regulations on individual gold and foreign currency issued

The possession of gold bullion and purchasing of foreign currencies in cash are still legal, despite the government considering the issuance of a new decree on the trade of gold.
hike in us dollar reserve rates advocated

Hike in US dollar reserve rates advocated

Banking experts are pushing for hiking obligatory foreign currency reserve rates to help ensure macroeconomic stability.
banks up non term rates for big savers

Banks up non-term rates for big savers

A number of commercial banks this week have begun offering non-term deposit interest rates as high as 9 per cent per year on large deposits.
small banks hit by lending directive

Small banks hit by lending directive

Banks are urged to slash lending to non-production areas to help the government curb inflation.