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.
us dollar interest rates to head south

US dollar interest rates to head south

US dollar deposit rates are forecast by industry insiders to slip downward in the coming period.
banks ordered to provide public forex services

Banks ordered to provide public forex services

The State Bank of Vietnam has asked credit institutions licenced to provide foreign exchange services to sell foreign currencies in cash to citizens.
us dollars flow into banks

US dollars flow into banks

The volume of US dollars flowing into commercial banks has increased following the crackdown on the black market.
banks required to make reports to sbv

Banks required to make reports to SBV

The State Bank of Vietnam issued a dispatch on March 10 to require all credit institutions to report on their capital mobilisation and gold lending.
banks face new juggling act

Banks face new juggling act

Banking authorities’ decision to keep 2011 outstanding loans growth of less than 20 per cent has triggered the need for banks to restructure lending activities.
local banks fret over credit growth decision

Local banks fret over credit growth decision

The banking authorities’ recent decision to keep credit growth at less than 20 per cent has triggered worries among local banks.
small banks to feel the squeeze

Small banks to feel the squeeze

Central banks are considering applying different credit growth requirements for different commercial banks, based on their scale.
deposit interest rates capped at 14 per cent

Deposit interest rates capped at 14 per cent

The State Bank of Vietnam issued Circular No 02/2011/TT-NHNN on March 3, capping interest rates that can be offered by commercial banks on dong deposits at no more than 14 per cent per year.
firm to disclose dollar reserves

Firm to disclose dollar reserves

Commercial banks have been ordered by the State Bank of Vietnam to report on the foreign currency deposits of 99 major State-owned enterprises by the end of this week.
lenders expect booming earning result in 2011

Lenders expect booming earning result in 2011

Several commercial banks set a confident earning target this year in spite of financial experts’ worries about a rough year for credit institutions.
ibm awards certificate of excellence from state bank of vietnam

IBM awards Certificate of Excellence from State Bank of Vietnam

IBM Vietnam has become the first non-banking foreign firm to receive the Certificate of Excellence from the Governor of the State Bank of Vietnam (SBV) for its outstanding contributions to the country’ development of the banking industry.
equity hunt on to help fdi aims

Equity hunt on to help FDI aims

Foreign bank branches are raising their equity to fund foreign direct investment projects in Vietnam.
new legislation to curb outstanding new year issues

New legislation to curb outstanding new year issues

In 2010, Vietnam’s economy witnessed a lot of bad news, including the Vinashin scandal, the over-inflation of the local currency, the super-inflation of consumer price index (CPI), the increase in gold and US dollar prices weakening the local currency, the gloomy securities markets and proposed bond issuances from large corporations.
more banks to list on stock exchanges

More banks to list on stock exchanges

Last year, the domestic stock market did not promise much and many banks decided to defer their plans to list on the bourses.